Carmax Inc. | KMX

Daily Technical Analysis of Carmax Inc.

Carmax is up a bit on the day, funds flowing in kept the price up 1.20% since yesterday.

It looks like Carmax isn't currently at a very decisive point in regards to support/resistance levels. Carmax hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. KMX may hit some resistance around the 78.89 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-11-13

Analyst Ratings for Carmax By Price Target And Rating

The analysts feel fairly neutral on the prospects for CarMax but a little more positive than negative. The current Analysts Sentiment Score is 13.52. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-16 there was confirmation of the previous rating by Wedbush which was Outperform and provided a price target of $90.00. JPMorgan Chase & Co. provided a price target decease of -8.33% to $55.00 from $60.00 on 2024-04-15. Needham & Company LLC dropped their price target by -8.08% to $91.00 on 2024-04-12. Evercore ISI provided a price target decease of -12.94% to $74.00 from $85.00 on 2024-04-12. Truist Financial decided to move down their price target on 2024-04-12 to $72.00 which is a -4% decrease. Robert W. Baird provided a price target decease of -4.55% to $84.00 from $88.00 on 2024-04-12. Mizuho announced a lowering of their price target to $75.00 from $80.00 on 2024-04-12. Oppenheimer reiterated a rating of Outperform on 2024-04-09 and added a price target of $105.00. Royal Bank of Canada announced that they are reiterating a rating of Outperform on 2024-04-08 and added a price target of $83.00. Bank of America gave a boost to their price target and moved to $50.00 from $44.00 on 2024-02-29.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
KMX	13.52	24.3	-0.45	10.79	-7.6

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-19)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
KMX	0.00	0.00

Short interest for CarMax

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
KMX	9.38	%10.5	9	-6.402	16650000

How CarMax compares to the broader Consumer Cyclical sector and the more specific Autos industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Autos Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	52	2.34	3.29	5.24	0.28	4.18	13.05	63.54	-9.14	-8.02	-6.77	-15152.70	-11292.18	12.50	0.00	5.57	1.36
Consumer Cyclical Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	279	1.77	3.04	4.69	6.40	11.14	23.94	59.31	23.32	10.37	11.93	-9125.63	-14498.22	15.86	1.97	5.92	3.52

Social Sentiment for CarMax

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
KMX

Companies with the highest correlation to CarMax

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
CPRT \| Copart Inc	0.9	10.19	10.72	20.93	18.39	18.91	23.40	97	4.62	5.22	10.88	161.85	-23067.60	0	1.66905
SWK \| Stanley Black & Decker, I	0.89	1.80	3.08	-13.28	-12.81	5.10	-2.36	15	0.21	3.86	10.58	-10018.70	-511.31	0	3.33326
FIVE \| Five Below, Inc. Common S	0.88	4.11	0.31	-4.59	15.23	-34.52	-54.49	32	-19.47	-30.76	-47.22	-2242.00	-846.17	0	6.02406
GOLF \| Acushnet Holdings Corp.	0.83	0.80	5.17	19.42	7.42	13.25	25.50	76	0.81	-0.19	-2.15	-767.34	-18383.28	125	18.5343
FELE \| Franklin Electric Co Inc	0.82	2.27	2.77	6.35	5.01	11.25	21.52	73	11.18	10.42	17.54	0.00	-18894.48	0	2.90561
BLD \| TopBuild Corp. Common Sto	0.78	3.27	6.33	0.67	-5.08	-7.44	25.82	40	-7.29	-4.61	-4.30	-7911.28	-181.68	0	3.61868
YETI \| YETI Holdings, Inc. Commo	0.78	2.88	4.90	10.52	-1.76	0.66	-5.80	82	-10.51	-12.45	-18.78	-3728.15	-7201.62	0	12.2245

Top 3 correlating companies

See full charts for all peers

Research

Estimates

Ratings

Short Interest

Smart Money

Options

Financials

Social

Misc