Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carmax Inc shares valued at $1,067,703 were sold by Cafritz Diane L on Apr 23 ’24. At $69.53 per share, Cafritz Diane L sold 15,356 shares. The insider’s holdings dropped to 6,977 shares worth approximately $0.47 million following the completion of this transaction.
Also, Livesay Jill A sold 14,199 shares, netting a total of over 1,006,567 in proceeds. Following the sale of shares at $70.89 each, the insider now holds 9,068 shares.
Before that, Cafritz Diane L had sold 22,000 shares from its account. In a trade valued at $1,541,760, the EVP, General Counsel & CCO traded Carmax Inc shares for $70.08 each. Upon closing the transaction, the insider’s holdings decreased to 22,000 shares, worth approximately $0.34 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 -4.35%. Over the course of the year, Carmax Inc shares have dropped approximately -12.42%. 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 $77.49, while a 200-day SMA reached $74.40. Nevertheless, trading volume fell to 1.79 million shares from 2.07 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 66.42, which, if violated, would cause prices to drop to 65.64. In the upper region, resistance lies at 68.59. The next price resistance is at 69.98. RSI (Relative Strength Index) is 30.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 96.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
