CarMax Inc (KMX) : Traders are bullish on CarMax Inc (KMX) as it has outperformed the S&P 500 by a wide margin of 6.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.15%, 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 1.21% in the last 1 week, and is up 7.84% 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 3.61% and the 50-Day Moving Average is 12.14%. CarMax Inc (NYSE:KMX): stock turned positive on Friday. Though the stock opened at $59.17, the bulls momentum made the stock top out at $60.34 level for the day. The stock recorded a low of $59.13 and closed the trading day at $59.56, in the green by 0.66%. The total traded volume for the day was 1,433,362. The stock had closed at $59.17 in the previous days trading.
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 -22.9% . During last six month period, the net percent change held by insiders has seen a change of -5.57%.
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.