CarMax plans to lower prices and increase ad spend after reporting in-line Q3 results. Analyst reduced PT to $36, maintains ...
CarMax Inc. said it will tolerate lower margins and boost ad spending to repair its business and attract buyers after slumping sales wiped out half of the used car retailer’s market value this year.
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CarMax price target lowered to $36 from $39 at Stephens
Stephens lowered the firm’s price target on CarMax (KMX) to $36 from $39 and keeps an Equal Weight rating on the shares following fiscal Q3 ...
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