UPDATE: Goldman Sachs Raises PT on CarMax to $36

Goldman Sachs is out with its report today on CarMax KMX, raising its PT from $34 to $36. In a note to clients, Goldman Sachs writes, "We lift our 12-month price target to $36 from $34, on our higher estimates and the mark-to market of the relative portion of our price target methodology (75% relative P/E and 25% DCF)." Goldman Sachs maintains Neutral on KMX. Shares of KMX closed Wednesday at $32.66, up 7.01% from Tuesday's close.