Shares of CarMax Inc (KMX) Sees Large Outflow of Money

CarMax Inc (KMX) : Money flow in the CarMax Inc (KMX) stock was negative (7.91 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $13.95 million, compared to $21.86 million on downticks. The total uptick to downtick ratio was 0.64, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($8.11 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.08 million. Downtick transaction value in block trades amounted to $9.19 million, indicating persistent selling. The uptick to downtick ratio was 0.12. CarMax Inc (KMX) traded $0.95 higher at $60.51 gaining 1.6% over the previous days close.


Shares of CarMax Inc. rose by 3.12% in the last five trading days and 9.56% for the last 4 weeks. CarMax Inc. is up 19.49% in the last 3-month period. Year-to-Date the stock performance stands at 12.12%.

CarMax Inc (NYSE:KMX): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.68 and $59.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.51, notching a gain of 1.60% for the day. The total traded volume was 1,452,823 . The stock had closed at $59.56 on the previous day.

In a related news, Hill Edwin J, officer (EVP) of Carmax Inc, unloaded 51,875 shares at an average price of $57.59 on July 25, 2016. The total amount of the transaction was worth $2,987,481, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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