Reported about 23 hours ago
CarMax Inc. faces challenges as Morgan Stanley lowers its price target from $80 to $56, highlighting risks in its omni-channel strategy amidst fierce competition, particularly from Carvana. While still rated Overweight due to fundamental strengths, the company's ability to integrate online and physical sales remains in question, causing stock volatility and investor concern over the used-car market normalization.
Source: YAHOO