Carmax Inc’s recent filing unveils that its VP, Controller & PAO Livesay Jill A unloaded Company’s shares for reported $1.0 million on Jul 29 ’24. In the deal valued at $83.52 per share,12,000 shares were sold. As a result of this transaction, Livesay Jill A now holds 9,448 shares worth roughly $0.8 million.
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Then, Shamim Mohammad sold 25,000 shares, generating $2,056,500 in total proceeds. Upon selling the shares at $82.26, the EVP and CITO now owns 11,738 shares.
Before that, Shamim Mohammad bought 25,000 shares. Carmax Inc shares valued at $2,056,450 were divested by the Officer at a price of $82.26 per share.
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 fall -0.89% to $85.02. Over the last five days, the stock has gained 5.86%. Carmax Inc shares have risen nearly 10.79% since the year began. Nevertheless, the stocks have risen 8.54% 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 $77.58, while 200 days put it at $73.94.
Levels Of Support And Resistance For KMX Stock
The 24-hour chart illustrates a support level at 84.40, which if violated will result in even more drops to 83.77. On the upside, there is a resistance level at 86.23. A further resistance level may holdings at 87.44. The Relative Strength Index (RSI) on the 14-day chart is 64.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.51%. Stochastics %K at 93.39% indicates the stock is a selling.
How much short interest is there in Carmax Inc?
A steep rise in short interest was recorded in Carmax Inc stocks on 2024-07-31, dropping by 11452.0 shares to a total of 18.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 18.07 million shares. There was a decline of -0.06%, which implies that there is a negative sentiment for the stock.
