CarMax Inc (KMX) has risen sharply, recording gains of 2.33% in the past 4 weeks. However, the stock has corrected -0.44% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.94% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
CarMax Inc. is up 12.46% in the last 3-month period. Year-to-Date the stock performance stands at 9.88%. The stock has recorded a 20-day Moving Average of 1.47% and the 50-Day Moving Average is 10.11%.
CarMax Inc (NYSE:KMX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.93 and $57.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.30, notching a gain of 0.25% for the day. The total traded volume was 2,963,562 . The stock had closed at $59.15 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of CarMax Inc (NYSE:KMX). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $67 per share from a prior target of $72. The rating by the firm was issued on April 8, 2016.
CarMax, Inc. (CarMax) is a holding company engaged in providing used vehicles and related products and services. The Company operates through two business segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Companys CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. The CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. The Companys CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The CAF products and services include retail merchandising, wholesale auctions, extended protection plans (EPPs), reconditioning and service, and customer credit.