CarMax Shares Rise 4% After BofA Upgrade to Buy
CarMax shares rose 4% in afternoon trading after BofA Securities upgraded the stock to Buy from Underperform and raised its price target to $65 from $50.
What Happened? Shares of used automotive vehicle retailer Carmax NYSE:KMX jumped 4% in the afternoon session after BofA Securities upgraded the stock to Buy from Underperform and raised its price target to $65 from $50. According to TheFly, the analyst said Federal Trade Commission enforcement of p…