CarMax Inc (KMX) : Traders are bullish on CarMax Inc (KMX) as it has outperformed the S&P 500 by a wide margin of 13.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.6%, 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 0.53% in the last 1 week, and is up 17.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.07% and the 50-Day Moving Average is 11.92%. CarMax Inc. is up 10.03% in the last 3-month period. Year-to-Date the stock performance stands at 7.95%.
CarMax Inc (NYSE:KMX): On Fridays trading session , Opening price of the stock was $58.33 with an intraday high of $58.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.72. However, the stock managed to close at $58.26, a loss of 0.15% for the day. On the previous day, the stock had closed at $58.35. The total traded volume of the day was 1,904,036 shares.
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.