J.P. Morgan Maintains Neutral Rating On Car Max Inc. (KMX)

J.P. Morgan has released a research report on Car Max Inc KMX, where its analysts have maintained a ‘Neutral’ rating on the company's shares. The stock has been given a price target of $26 and is currently trading around $21.34. According to J.P. Morgan analysts, the company’s first-quarter results were better than expected. The company reported first-quarter EPS of $0.45. The major reasons cited for this performance were solid growth recorded in used vehicle volumes and gross profit per used volumes.