Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Carmax Inc shares valued at $1,002,240 were sold by Livesay Jill A on Jul 29 ’24. At $83.52 per share, Livesay Jill A sold 12,000 shares. The insider’s holdings dropped to 9,448 shares worth approximately $0.75 million following the completion of this transaction.
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Also, Shamim Mohammad sold 25,000 shares, netting a total of over 2,056,500 in proceeds. Following the sale of shares at $82.26 each, the insider now holds 11,738 shares.
Before that, Shamim Mohammad had added 25,000 shares to its account. In a trade valued at $2,056,450, the Officer bought Carmax Inc shares for $82.26 each.
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 surge of approximately 5.29%. Over the course of the year, Carmax Inc shares have jumped approximately 4.04%. Shares of the company reached a 52-week high of $88.22 on 03/28/24 and a 52-week low of $65.83 on 05/02/24. A 50-day SMA is recorded $75.86, while a 200-day SMA reached $73.28. Nevertheless, trading volume fell to 1.53 million shares from 1.41 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 78.79, which, if violated, would cause prices to drop to 77.75. In the upper region, resistance lies at 80.70. The next price resistance is at 81.57. RSI (Relative Strength Index) is 55.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 49.27%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
