KMX Upgraded by B of A Securities -- Price Target Raised to $65

gurufocus.com · 2026-10-15

On October 03, 2023, CarMax (KMX) received a significant upgrade from B of A Securities. Analyst Alexander Perry has raised the rating from Underperform to Buy

TickrTrends take: Bank of America Securities raised its price target for CarMax (KMX) to $65, which aligns with TickrTrends' current assessment that the stock trades at undervalued levels within the Consumer Cyclical sector. For valuation-focused investors, this upgrade provides external validation worth monitoring alongside KMX's fundamentals and how the stock responds to the higher price target. The combination of analyst confidence and an undervalued designation suggests the market may be pricing in more pessimism than justified by the company's prospects.

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