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Wedbush Sticks to Its Hold Rating for CarMax (KMX)

Tipranks - Tipranks - Thu Mar 19, 7:18AM CDT

Wedbush analyst Scott Devitt maintained a Hold rating on CarMax today and set a price target of $36.00.

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Devitt covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Expedia, and Mercadolibre. According to TipRanks, Devitt has an average return of 10.9% and a 48.28% success rate on recommended stocks.

In addition to Wedbush, CarMax also received a Hold from Evercore ISI’s Michael Montani in a report issued yesterday. However, on March 12, Barclays assigned a Sell rating to CarMax (NYSE: KMX).

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Based on CarMax’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $6.24 billion and a net profit of $62.22 million. In comparison, last year the company earned a revenue of $6.69 billion and had a net profit of $125.44 million

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