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Barclays drops negative rating on CarMax as turnaround effort gains traction

Stocks & Finance
Barclays drops negative rating on CarMax as turnaround effort gains traction

Ford Escape SUV in Carmax

Impressed with the steps management has taken to turn the business around, Barclays upgraded CarMax (KMX) to Equal Weight from Underweight and raised the target price by 65% to $61 to more accurately reflect the 51% increase in the share price so


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