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MarketBeat
MarketBeat
Business
Chris Markoch

CarMax's Double Upgrade Could Signal a Bigger Turnaround

Carmax Federal Trade Commission Bank of America KMX MarketBeat

CarMax Inc. (NYSE: KMX) operates in the used-car retail industry, where affordability pressures and elevated borrowing costs have weighed on consumers.

But the company recently received a bullish double upgrade from Bank of America, raising the possibility that its midyear rally could rev up again.

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