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The Attractiveness of Investing In Carmax Inc (KMX) is Growing

In a filing, Carmax Inc revealed its Officer Daniels Jon G acquired Company’s shares for reported $1.92 million on Dec 23 ’24. In the deal valued at $84.00 per share,22,845 shares were bought.

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Then, Shamim Mohammad bought 22,845 shares, generating $1,980,360 in total proceeds.

Before that, Nash William D bought 120,513 shares. Carmax Inc shares valued at $9,882,066 were divested by the Officer at a price of $82.00 per share.

Stephens initiated its Carmax Inc [KMX] rating to an Equal-weight in a research note published on December 05, 2024; the price target was $86. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. Mizuho began covering KMX with “Neutral” recommendation on March 19, 2024. Wedbush revised its rating on September 25, 2023. It rated KMX as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of KMX

On Monday, Carmax Inc [NYSE:KMX] saw its stock fall -0.68% to $83.70. Over the last five days, the stock has lost -2.65%. Carmax Inc shares have risen nearly 9.07% since the year began. Nevertheless, the stocks have risen 6.56% over the past one year. While a 52-week high of $91.25 was reached on 12/19/24, a 52-week low of $65.83 was recorded on 05/02/24. SMA at 50 days reached $78.99, while 200 days put it at $76.90.

Levels Of Support And Resistance For KMX Stock

The 24-hour chart illustrates a support level at 82.75, which if violated will result in even more drops to 81.81. On the upside, there is a resistance level at 84.42. A further resistance level may holdings at 85.14. The Relative Strength Index (RSI) on the 14-day chart is 53.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.12%. Stochastics %K at 28.52% indicates the stock is a holding.

How much short interest is there in Carmax Inc?

A steep rise in short interest was recorded in Carmax Inc stocks on 2024-11-29, dropping by -0.44 million shares to a total of 15.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 15.49 million shares. There was a decline of -2.95%, which implies that there is a negative sentiment for the stock.

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