UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on CarMax
December 21, 2012 at 10:51 AM EST
In a report published Friday, Deutsche Bank reiterated its Hold rating on CarMax (NYSE: KMX ), and raised its price target from $26.00 to $29.00. Deutsche Bank noted, “Strong unit sales growth / SG&A leverage leads to outperformance. Carmax reported F3Q12 EPS of $0.41 vs. DBe / Cons of $0.37
