CarMax Beat Expectations, But Here's What Could Still Hold It Back

RBC Capital analyst Steven Shemesh maintained CarMax KMX with an Outperform and raised the price target from $80 to $81 on Friday.CarMax reported first-quarter earnings per share of $1.38, beating the analyst consensus estimate of $1.21. Quarterly sales of $7.55 billion outpaced the analyst consensus estimate of $7.47 billion.Also Read: CarMax Loan Delinquencies Tick Higher In May, Signaling Renewed Credit StrainRetail used unit sales rose by 9.0%, while comparable store used unit sales grew by 8.1%. Wholes ...