div style="text-align: justify;"Deutsche Banks is making a catch-up call in span style="font-weight: bold;"CarMax (NYSE:KMX)/span raising their rating to Buy from Hold and bumping price tgt to $15 (prev. $10).br /br /span style="font-weight: bold;"Improvement in wholesale funding market has positive implications for CAF/spanbr /The combination of vastly stronger demand and contracting spreads on Auto ABS deals has mitigated one of our key concerns: That captive (non-bank) finance co's such as Carmax Auto Finance might be structurally impaired. Improving liquidity and lower borrowing costs suggest that this business can once again become an important contributor to KMX earnings (as well as a support to sales).br /br /span style="font-weight: bold;"April deal appears profitable, and the market is now even better/spanbr /KMX completed its first ABS issuance since early July 2008 on April 9, 2009. The gross collateral spread was 7.3%, which was actually the highest on record. While this number does not account ...