Zacks Research cut shares of CarMax (NYSE:KMX – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Thursday morning,Zacks.com reports. Morgan Stanley decreased their target price on CarMax from $80.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday. Stephens dropped their target price on shares of CarMax from $74.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Mizuho reduced their price target on shares of CarMax from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. CarMax Company Profile(Get Free Report)CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States.