Overall market sentiment has been neutral on CarMax, Inc (KMX) stock lately. KMX receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With KMX Stock Today?
CarMax, Inc (KMX) stock is trading at $116.00 as of 2:40 PM on Tuesday, Jan 19, a gain of $9.63, or 9.05% from the previous closing price of $106.37. The stock has traded between $107.30 and $116.67 so far today. Volume today is 1,900,582 compared to average volume of 1,720,054.
To see the top 5 stocks in the Auto & Truck Dealerships industry click here.
More About CarMax, Inc
CarMax sells, finances, and services used and new cars through a chain of 220 used retail stores plus two new vehicle 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 85% of revenue, wholesale about 12%, and the remaining portion is composed of extended service plans and repair. In fiscal 2020, the company retailed and wholesaled 832,640 and 466,177 used vehicles, respectively.
Click Here to get the full Stock Score Report on CarMax, Inc (KMX) Stock.
