Stocks of CarMax Inc (NYSE:KMX) rallied by 1.77% during the past week but lost 4.95% on a 4-week basis. The company has outperformed the S&P 500 by 2.99% in the past week but underperformed the index by 5.82% in the last 4 weeks.
CarMax Inc (NYSE:KMX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.85 and $49.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.12, notching a gain of 1.87% for the day. The total traded volume was 5,855,805 . The stock had closed at $49.20 on the previous day.
The company shares have dropped -27.65% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $70.88 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $51.57 and the 200 Day Moving Average price is recorded at $50.61.
On the companys insider trading activities,The director officer (CEO) of Carmax Inc, Folliard Thomas J sold 18,906 shares at $52.27 on May 2, 2016. The Insider selling transaction had a total value worth of $988,217. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of CarMax Inc (NYSE:KMX). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $67 per share from a prior target of $72. The rating by the firm was issued on April 8, 2016. Currently 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 -3.8% . During last six month period, the net percent change held by insiders has seen a change of -3.8%.
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.