CarMax price target raised to $100 from $95 at Wedbush

Wedbush raised the firm’s price target on CarMax (KMX) to $100 from $95 and keeps an Outperform rating on the shares. CarMax reported Q3 results that beat expectations on both the top and bottom lines, the analyst tells investors in a research note. The firm looks positively on the comp trends that accelerated each month of the quarter, and notes that CarMax highlighted unit comps accelerating in Q4-to-date.