CarMax Stock Is a Buy. Analyst Sees ‘Multi-Year Recovery’ for Used Vehicle Market.

CarMax is a winner as the used-vehicle market recovers, Needham argued on Wednesday.

Analyst Chris Pierce upgraded shares of the used-car seller to Buy from Hold and set a target of $99 for the price.

CarMax stock was up 2.4% to $82.82 in trading Wednesday, while the S&P 500 slipped 0.1%. Over the past 12 months, the shares have gained 44%….