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Needham analysts upgrades a Buy rating for Carmax Inc (KMX)


In a filing, Carmax Inc revealed its SVP, CAF Daniels Jon G unloaded Company’s shares for reported $89198.0 on Jun 26 ’24. In the deal valued at $72.46 per share,1,231 shares were sold. As a result of this transaction, Daniels Jon G now holds 995 shares worth roughly $72635.0.

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Then, Cafritz Diane L sold 15,356 shares, generating $1,067,703 in total proceeds. Upon selling the shares at $69.53, the EVP, General Counsel & CCO now owns 6,977 shares.

Before that, Livesay Jill A sold 14,199 shares. Carmax Inc shares valued at $1,006,567 were divested by the VP, Controller & PAO at a price of $70.89 per share. As a result of the transaction, Livesay Jill A now holds 9,068 shares, worth roughly $0.66 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 Monday, Carmax Inc [NYSE:KMX] saw its stock jump 1.98% to $73.00. Over the last five days, the stock has lost -0.46%. Carmax Inc shares have fallen nearly -4.87% since the year began. Nevertheless, the stocks have fallen -9.91% 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 05/02/24. SMA at 50 days reached $70.91, while 200 days put it at $71.82. A total of 1.29 million shares were traded, compared to the trading of 2.29 million shares in the previous session.

Levels Of Support And Resistance For KMX Stock

The 24-hour chart illustrates a support level at 72.31, which if violated will result in even more drops to 71.61. On the upside, there is a resistance level at 73.52. A further resistance level may holdings at 74.03. The Relative Strength Index (RSI) on the 14-day chart is 54.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.88%. Stochastics%K at 63.17% indicates the stock is a holding.

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