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News 2026-10-15 14:54 UTC

BUZZ — BofA turns bullish on CarMax; shares gain

* Shares of used-car retailer CarMax gain 3.9% to $51.71 * BofA Global Research upgrades stock to "buy" from "underperform"; hikes PT to $65, implying about a 30.5% upside to last close * Brokerage says FTC enforcement of price transparency combined with KMX's own actions drive share gains * Adds "cost cuts fund furthe