BofA turns bullish on CarMax; shares gain

By Reuters News

** Shares of used-car retailer CarMax KMX.N 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 further price competitiveness"

** Four of 21 brokerages rate KMX "strong buy", 17 "hold"; median PT: $60 - data compiled by LSEG

** Including session's moves, shares up more than 33% YTD

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