What is the Market's View on CarMax, Inc (KMX) Stock's Price and Volume Trends Tuesday?

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

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

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With KMX Stock Today?

CarMax, Inc (KMX) stock is trading at $139.40 as of 2:25 PM on Tuesday, Aug 3, an increase of $2.90, or 2.12% from the previous closing price of $136.50. The stock has traded between $136.26 and $139.57 so far today. Volume today is below average. So far 782,566 shares have traded compared to average volume of 1,161,111 shares.

More About CarMax, Inc

CarMax sells, finances, and services used and new cars through a chain of 220 used retail stores at the end of fiscal 2021 plus one new vehicle store. 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, wholesale about 14%, and the remaining portion is 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 to 10 years old but seeks over 5% by the end of calendar 2025. CarMax is based in Richmond, Virginia. Click Here to get the full Stock Report for CarMax, Inc stock.