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 ’24. At $70.89 per share, Livesay Jill A sold 14,199 shares. The insider’s holdings dropped to 9,068 shares worth approximately $0.62 million following the completion of this transaction.
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 $0.35 million.
As published in a research note from Needham on March 20, 2024, Carmax Inc [KMX] has been rated up from a Hold to a Buy and the price target has been revised to $99. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid March. As of September 25, 2023, Wedbush has increased its “Neutral” rating to a “an Outperform” for KMX. Earlier on June 12, 2023, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for KMX stock which previously was a “a Buy”.
Analyzing KMX Stock Performance
During the last five days, there has been a drop of approximately -13.58%. Over the course of the year, Carmax Inc shares have dropped approximately -10.70%. Shares of the company reached a 52-week high of $88.22 on 03/28/24 and a 52-week low of $66.86 on 01/17/24. A 50-day SMA is recorded $78.36, while a 200-day SMA reached $75.10. Nevertheless, trading volume fell to 2.11 million shares from 3.05 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 67.94, which, if violated, would cause prices to drop to 67.36. In the upper region, resistance lies at 69.68. The next price resistance is at 70.84. RSI (Relative Strength Index) is 26.64 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.26, which suggests the price will decrease in the coming days. Percent R is at 99.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
