Short Interest Update on CarMax Inc (KMX)

CarMax Inc (KMX) : Traders are negative on CarMax Inc (KMX), as it has 13.4% of short positions outstanding compared to its float. The total shorts have reduced by -873,004 shares, which is a -3.3% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,26,393,108 to 25,520,104 shares. While the daily trading volume of the stock is 1,970,566, there are 13 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

CarMax Inc (NYSE:KMX): The stock opened at $58.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $59.31 for the day. The stock traded down to $58.09 during the day, due to lack of any buying support eventually closed down at $58.22 with a loss of -1.47% for the day. The stock had closed at $59.09 on the previous day. The total traded volume was 1,311,584 shares.


In a related news, The Securities and Exchange Commission has divulged that Wood William C Jr., officer (EVP & COO) of Carmax Inc, had unloaded 37,948 shares at an average price of $59.53 in a transaction dated on August 12, 2016. The total value of the transaction was worth $2,259,044.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.