Is CarMax, Inc (KMX) Stock About to Get Hot Monday?

The market has been down on CarMax, Inc (KMX) stock recently. KMX gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

See Full KMX Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With KMX Stock Today?

CarMax, Inc (KMX) stock is trading at $107.48 as of 1:04 PM on Monday, Jan 24, a loss of -$0.62, or -0.57% from the previous closing price of $108.10. Volume today is below average. So far 1,066,034 shares have traded compared to average volume of 1,505,189 shares. The stock has traded between $103.48 and $108.18 so far today. To screen for more stocks like CarMax, Inc click here.

More About CarMax, Inc

CarMax sells, finances, and services used and new cars through a chain of over 220 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 account for about 83% of revenue and wholesale about 14%, with the remaining portion composed of extended service plans and repair. In fiscal 2021, the company retailed and wholesaled 751,862 and 426,268 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 3.5% U.S. market share of vehicles 0-10 years old. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia. Click Here to get the full Stock Report for CarMax, Inc stock.