Carmax Inc’s recent filing unveils that its VP, Controller & PAO Livesay Jill A unloaded Company’s shares for reported $1.01 million on Jan 29 ’24. In the deal valued at $70.89 per share,14,199 shares were sold. As a result of this transaction, Livesay Jill A now holds 9,068 shares worth roughly $0.74 million.
Then, Cafritz Diane L sold 22,000 shares, generating $1,541,760 in total proceeds. Upon selling the shares at $70.08, the EVP, General Counsel & CCO now owns 5,073 shares.
Before that, Cafritz Diane L sold 2,730 shares. Carmax Inc shares valued at $192,574 were divested by the EVP, General Counsel & CCO at a price of $70.54 per share. As a result of the transaction, Cafritz Diane L now holds 5,073 shares, worth roughly $0.41 million.
Needham upgraded its Carmax Inc [KMX] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Wedbush also remained covering KMX and has increased its forecast on September 25, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Northcoast revised its rating on June 12, 2023. It rated KMX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of KMX
On Friday, Carmax Inc [NYSE:KMX] saw its stock jump 1.02% to $81.49. Over the last five days, the stock has lost -6.45%. Carmax Inc shares have risen nearly 6.19% since the year began. Nevertheless, the stocks have risen 28.33% over the past one year. While a 52-week high of $88.22 was reached on 03/28/24, a 52-week low of $59.66 was recorded on 01/17/24. SMA at 50 days reached $77.88, while 200 days put it at $75.41. A total of 1.69 million shares were traded, compared to the trading of 2.16 million shares in the previous session.
Levels Of Support And Resistance For KMX Stock
The 24-hour chart illustrates a support level at 80.39, which if violated will result in even more drops to 79.30. On the upside, there is a resistance level at 82.22. A further resistance level may holdings at 82.95. The Relative Strength Index (RSI) on the 14-day chart is 49.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.13%. Stochastics %K at 32.55% 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 Mar 15, 2024, growing by 0.12 million shares to a total of 18.36 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 18.24 million shares. There was a rise of 0.65%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 13.1.
