CarMax Inc.’s recently made public that its EVP, General Counsel & CHRO Cafritz Diane L unloaded Company’s shares for reported $1.47 million on Jul 21. In the deal valued at $94.75 per share,15,555 shares were sold. As a result of this transaction, Cafritz Diane L now holds 4,988 shares worth roughly $ 0.32 million.
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Then, Shamim Mohammad sold 3,456 shares, generating $324,553 in total proceeds. Upon selling the shares at $93.91, the EVP and CITO now owns 8,769 shares.
Before that, Cafritz Diane L sold 18,092 shares. CarMax Inc. shares valued at $1,647,430 were divested by the EVP, General Counsel & CHRO at a price of $91.06 per share. As a result of the transaction, Cafritz Diane L now holds 4,988 shares, worth roughly $0.32 million.
Stephens downgraded its CarMax Inc. [KMX] rating to an Equal-weight from a an Overweight in a research note published on Monday, October 03, 2022; the price target was decreased to $64 from $105. PT values the company’s stock at a premium of -0.98 to its Monday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early September from “a Neutral” to “an Underperform”. Needham began covering KMX with “Hold” recommendation on May 02, 2022. JP Morgan revised its rating on April 13, 2022. It rated KMX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of KMX
On Monday, CarMax Inc. [NYSE:KMX] saw its stock jump 2.93% to $64.63. On the same session, the stock had its day’s lowest price of $61.32, but rose to a high of $65.08. Over the last five days, the stock has gained 2.57%. CarMax Inc. shares have fallen nearly -50.37% since the year began. Nevertheless, the stocks have fallen -58.22% over the past one year. While a 52-week high of $155.98 was reached on 01/03/22, a 52-week low of $54.85 was recorded on 10/24/22. SMA at 50 days reached $72.82, while 200 days put it at $91.70. A total of 3.01 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For KMX Stock
The 24-hour chart illustrates a support level at 62.27, which if violated will result in even more drops to 59.92. On the upside, there is a resistance level at 66.03. A further resistance level may holdings at 67.44. The Relative Strength Index (RSI) on the 14-day chart is 48.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.65%. Stochastics %K at 79.10% indicates the stock is a holding.
How much short interest is there in CarMax Inc.?
A steep rise in short interest was recorded in CarMax Inc. stocks on Jul 14, 2022, growing by 2.11 million shares to a total of 13.41 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 11.3 million shares. There was a rise of 15.73%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.7.
CarMax Inc. [KMX] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 17,201,582 shares, or roughly 10.81% of the outstanding KMX shares. In other words, the investor’s shares have risen by 149,792 from its previous 13-F filing of 17051790.0. Additionally, Principal Global Investors LLC increased 4.58% of its stake after which the total value it holdings stand at $685,896,568, while Akre Capital Management LLC added 0.11% of its stake to hold $485.13 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -295,365 shares of CarMax Inc., while Capital Research & Management Co sold 984,182 shares. At present, Ruane, Cunniff & Goldfarb LP is holding 6,708,006 shares valued at $442.86 million. PRIMECAP Management Co. owned 6,227,927 shares of the company at the time of its most recent 13F filing, worth $411.17 million.
According to FactSet, CarMax Inc.’s share price will average $76.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.08 percent from its previous closing price of $62.79. Analysts expect CarMax Inc. stock to reach the higher price of $100.00, while the lowest price estimate is $48.00. However, 20 analysts have rated KMX stock as an Overweight in their predictions for 2022.