CarMax Inc (KMX) Shares are Up 4.92%

CarMax Inc (KMX) : Traders are bullish on CarMax Inc (KMX) as it has outperformed the S&P 500 by a margin of 17.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.28%, 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 4.92% in the last 1 week, and is up 25.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

CarMax Inc (NYSE:KMX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.56 and $57.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.95, notching a gain of 0.68% for the day. The total traded volume was 1,445,453 . The stock had closed at $57.56 on the previous day.


The stock has recorded a 20-day Moving Average of 12.43% and the 50-Day Moving Average is 12.93%. CarMax Inc. is up 8.89% in the last 3-month period. Year-to-Date the stock performance stands at 7.37%.

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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