CarMax Maintains Hold Rating
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CarmaxBenzinga
•Business
Business & Economics
CarMax delivered strong fourth-quarter results, with used vehicle same-store sales rising 5.1%
77% Informative
Truist Securities analyst Scot Ciccarelli reiterated a Hold rating on the shares of Carmax Inc (NYSE : KMX ) with a price forecast of $ 88.00 .
CarMax delivered strong fourth-quarter results, with used vehicle same-store sales rising 5.1% , slightly below expectations but showing notable improvement from the prior quarter .
Tariffs are expected to have mixed effects on the business, said the analyst.
As a result, tariffs may boost used car demand due to pricier new cars, but could also potentially price out some consumers.
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