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Is CarMax, Inc (KMX) a Stock to Watch After Losing -2.11% This Week?

Tuesday, November 28, 2023 03:50 PM | InvestorsObserver Analysts

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Is CarMax, Inc (KMX) a Stock to Watch After Losing -2.11% This Week?

Overall market sentiment has been down on CarMax, Inc (KMX) stock lately. KMX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
CarMax, Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on KMX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With KMX Stock Today?

CarMax, Inc (KMX) stock has fallen -0.42% while the S&P 500 has risen 0.04% as of 3:43 PM on Tuesday, Nov 28. KMX is lower by -$0.27 from the previous closing price of $63.94 on volume of 887,080 shares. Over the past year the S&P 500 has gained 14.84% while KMX is lower by -2.88%. KMX earned $2.86 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.3.

More About CarMax, Inc

CarMax sells, finances, and services used and new cars through a chain of over 230 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue and wholesale about 13%, with the remaining portion composed of extended service plans and repair. In fiscal 2022, the company retailed and wholesaled 924,338 and 706,212 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2021. It seeks over 5% share by the end of calendar 2025 and revenue between $33 billion to $45 billion by fiscal 2026. CarMax is based in Richmond, Virginia. Click Here to get the full Stock Report for CarMax, Inc stock.

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