CarMax Inc (KMX) Shares are Up 2.32%

CarMax Inc (KMX) : Traders are bullish on CarMax Inc (KMX) as it has outperformed the S&P 500 by a wide margin of 2.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.8%, 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 2.32% in the last 1 week, and is up 2.06% 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 1.66% and the 50-Day Moving Average is 7.66%.The 200 Day SMA reached 15.23%. CarMax Inc. is up 15.68% in the last 3-month period. Year-to-Date the stock performance stands at 11.28%.


CarMax Inc (NYSE:KMX): After opening at $59.52, the stock dipped to an intraday low of $59.44 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $60.12 and the buying power remained strong till the end. The stock closed at $60.06 for the day, a gain of 1.78% for the day session. The total traded volume was 1,029,113. The stocks close on the previous trading day was $59.01.

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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