CarMax rises after Stephens raises rating ahead of Q4 results

Used autos retailer CarMax's shares KMX.N rise 2.6% to $76.20

Stephens upgrades rating to "overweight" from "equalweight"

Raises price target to $90 from $86, representing 7.7% upside to stock's last close

Brokerage has positive view for 2025 operations estimates, especially H1, based on consistency in co's credit metrics as well as used unit gross profit and sales

"We believe KMX will likely marginally benefit from most tariff scenarios, at least in year 1," brokerage says

11 of 18 brokerages rate stock "buy" or higher, 5 "hold" and 2 "sell"; their median PT is $95 - LSEG-compiled data

KMX will release Q4 results before the bell on April 10

Including session's gains, stock had fallen 6.8% YTD