CarMax (KMX) has witnessed various ups and downs, with numerous factors influencing the movements of its stock. Analysts have given 16 ratings, with firms such as Victory Capital Management Inc. and Van ECK Associates Corp increasing their stock holdings, indicating some institutional interest. The shares of CarMax have occasionally crossed above the 200-day moving average, representing potential bullish momentum. However, the company's performance has been almost consistently underperforming in comparison to its competitors. There have been some large trades of CarMax's options hinting at potential stock market interest. It is noteworthy that the company had its Q4 2024 earnings call and subsequent results largely fell below Wall Street estimates leading to some share price concern. Several investment entities, such as Charles Schwab Investment Management Inc., Amalgamated Bank, and Kovitz Investment Group Partners LLC, have raised their stakes in KMX. However, the market has also seen selling from certain investors. CarMax's less than ideal capital allocation trends and weaker Return on Equity (ROE) than its industry are implied areas of concern. Despite these challenges, the company remains focused on recovery and has marked recent key trends in used EV shopping.
Carmax KMX News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 13:00:43 GMT -
Rating 2
- Innovation -3
- Information 4
- Rumor -5
