CarMax (KMX) Stock Trades Up, Here Is Why

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 price transparency, together with CarMax’s own pricing work, has made the company the most price-competitive it has been in years. The firm sees the Nov. 3 strategy update as a near-term catalyst. According to Inves