Large Outflow of Money Witnessed in CarMax Inc

CarMax Inc (KMX) : Net money flow in CarMax Inc (KMX) was negative ($4.61 million) and the inflow of money on uptick was $9.56 million, whereas, the outflow of money on downticks amounted to $14.18 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.67. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.59 million. On the other hand, the total value of block trades done on downticks was $4.98 million. The ratio of uptick to downtick block trades was 0.12. The money flow in block trades was negative ($4.39). CarMax Inc (KMX) gained $0.06 cent during the day and reached $59.01, a gain of 0.1% over the previous day.


The company Insiders own 1.7% of CarMax Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.24% . During last six month period, the net percent change held by insiders has seen a change of -7.21%.

In a related news, Wood William C Jr., officer (EVP & COO) of Carmax Inc, unloaded 37,948 shares at an average price of $59.53 on August 12, 2016. The total amount of the transaction was worth $2,259,044, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

CarMax Inc (NYSE:KMX): The stock opened at $59.52 and touched an intraday high of $60.12 on Friday. During the day, the stock corrected to an intraday low of $59.44, however, the bulls stepped in and pushed the price higher to close in the green at $60.06 with a gain of 1.78% for the day. The total traded volume for the day was 1,029,113. The stock had closed at $59.01 in the previous trading session.

CarMax Inc (KMX) : Traders are bullish on CarMax Inc (KMX) as it has outperformed the S&P 500 by a wide margin of 2.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.32% in the last 1 week, and is up 2.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

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