Selling Buzz: Carmax Inc [KMX] VP, Controller & PAO Livesay Jill A sells 14,199 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Carmax Inc shares valued at $1,006,567 were sold by Livesay Jill A on Jan 29. At $70.89 per share, Livesay Jill A sold 14,199 shares. The insider’s holdings dropped to 9,068 shares worth approximately $0.66 million following the completion of this transaction.

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Also, Cafritz Diane L sold 22,000 shares, netting a total of over 1,541,760 in proceeds. Following the sale of shares at $70.08 each, the insider now holds 5,073 shares.

Before that, Cafritz Diane L had sold 2,730 shares from its account. In a trade valued at $192,574, the EVP, General Counsel & CCO traded Carmax Inc shares for $70.54 each. Upon closing the transaction, the insider’s holdings decreased to 2,730 shares, worth approximately $0.37 million.

As published in a research note from Wedbush on September 25, 2023, Carmax Inc [KMX] has been rated up from a Neutral to an Outperform and the price target has been revised to $90 from $85.

Analyzing KMX Stock Performance

During the last five days, there has been a surge of approximately 0.63%. Over the course of the year, Carmax Inc shares have dropped approximately -4.48%. Shares of the company reached a 52-week high of $77.63 on 01/02/24 and a 52-week low of $66.86 on 01/17/24. A 50-day SMA is recorded $71.23, while a 200-day SMA reached $74.23. Nevertheless, trading volume fell to 1.49 million shares from 1.98 million shares the previous day.

Support And Resistance Levels for Carmax Inc (KMX)

According to the 24-hour chart, there is a support level at 72.34, which, if violated, would cause prices to drop to 71.37. In the upper region, resistance lies at 73.83. The next price resistance is at 74.35. RSI (Relative Strength Index) is 56.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.27, which suggests the price will increase in the coming days. Percent R is at 10.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Carmax Inc subject to short interest?

Stocks of Carmax Inc saw a sharp steep in short interest on Jan 11, 2024 dropping by 30000.0 shares to 18.42 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 18.45 million shares. A decline of -0.16% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.01 of the overall float, the days-to-cover ratio (short ratio) decline to 7.01.

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