Goldman Sachs Maintains Neutral on CarMax

Goldman Sachs is out with its report today on CarMax KMX, maintaining Neutral. In a note to clients, Goldman Sachs writes, "We note net charge-offs have now out-performed seasonal trends in 9 of the last 10 months, in periods of both rising and falling delinquencies, suggesting that strong used vehicle prices are presently more of a factor than modest changes in delinquency rates. We remain attracted to KMX's unique business model and optionality for significant store growth." Goldman Sachs maintains a $35 PT on KMX. At the time of posting, shares of KMX were trading at $27.98, up 0.04% from Wednesday's close.