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Vanguard boosts CarMax stake by $1.49B despite mixed analyst views on stock's future growth.
Vanguard Group Inc. increased its stake in CarMax, Inc. by $1.49 billion, holding 11.83% of the company's shares.
Despite JPMorgan Chase & Co. lowering CarMax's stock price target to $65.00 with an underweight rating, other analysts like Truist Financial and Stephens have given more optimistic ratings and higher price targets.
CarMax reported a 7% rise in fourth-quarter revenue, but the stock's future growth remains uncertain.
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Vanguard aumenta la participación de CarMax en $1.49B a pesar de las opiniones de analistas mixtos sobre el crecimiento futuro de las acciones.