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Oppenheimer sees moderating used car prices as upside for CarMax; shares up



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** Shares of used car retailer CarMax KMX.N up ~6.5% at $76.99

** Oppenheimer views moderating used car prices as a positive for KMX, says co continues to represent its "preferred way to play used car retail"

** Brokerage reiterates its "outperform" rating on KMX, says optimistic that, consumer affordability is now more quickly improving with used car pricing continuing to move towards pre-pandemic levels,

** YTD, KMX down ~7%



Reporting by Nathan Gomes in Bengaluru

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