CarMax Inc June 15th Short Interest Update

CarMax Inc (NYSE:KMX) encountered a rise of 2.7% or 849,679 shares in the short positions. The number escalated from 32,052,767 on May 31,2016 to 32,902,446 on June 15,2016. The final interest is 17.1% of the floated stock. The days to cover figure of 11 can be arrived using the average daily exchange of 2,863,822 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

CarMax Inc (NYSE:KMX): The stock opened at $45.69 on Friday but the bulls could not build on the opening and the stock topped out at $46.68 for the day. The stock traded down to $45.47 during the day, due to lack of any buying support eventually closed down at $46.32 with a loss of -1.40% for the day. The stock had closed at $46.98 on the previous day. The total traded volume was 4,647,850 shares.

The company shares have dropped -30.19% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $68.99 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $50.92 and the 200 Day Moving Average price is recorded at $50.17.

CarMax Inc (NYSE:KMX) has tumbled 7.58% during the past week and has dropped 13.57% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.05%. CarMax Inc (NYSE:KMX) has underperformed the index by 10.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

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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