Shares of CarMax Inc (KMX) Sees Large Inflow of Net Money Flow

CarMax Inc (KMX) traded with a cut of -0.71 points or -1.06% at $66 per share. As per the last available information, the stock aggregated $13.57 million in upticks and $11.36 million in downticks, keeping the net money flow capped at $2.22 million. The up/down ratio was found to be 1.2. For the week, the shares has seen a change of -2.16% in the share price.A block trade of $4.98 million in upticks and $3.18 million in downticks also took place during the day. The up/down ratio for the block stood at 1.57. The net money flow for this transaction was $1.81 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

CarMax Inc. has dropped 4.41% in the last five trading days, however, the shares have posted positive gains of 1.24% in the last 4 weeks. CarMax Inc. is up 30.54% in the last 3-month period. Year-to-Date the stock performance stands at 1.24%. CarMax Inc (NYSE:KMX) witnessed a decline in the market cap on Wednesday as its shares dropped 2.28% or 1.52 points. After the session commenced at $65, the stock reached the higher end at $66.55 while it hit a low of $64.7. With the volume soaring to 2,931,719 shares, the last trade was called at $65.19. The company has a 52-week high of $68.86. The company has a market cap of $12,198 million and there are 187,116,430 shares in outstanding. The 52-week low of the share price is $41.25.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, Jon G Daniels (SVP, CAF) sold 20,000 shares at 68.72 per share price.On Jan 19, 2017, W Robert Grafton (director) sold 9,408 shares at 66.72 per share price.On Jan 17, 2017, Thomas W Jr Reedy (EVP & CFO) sold 30,000 shares at 67.15 per share price.

CarMax Inc Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.71. The company had revenue of $3701.50 million for the quarter, compared to analysts expectations of $3748.90 million. The companys revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.CarMax Inc was Downgraded by Morgan Stanley to Underweight on Feb 1, 2017. CarMax Inc was Reiterated by Wedbush to Neutral on Jan 18, 2017.

CarMax, Inc. operates as a retailer of used cars. The Company also sells vehicles through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. It operates used car superstores, provides customers with a range of other related products and services, including the appraisal and purchase of vehicles directly from consumers, the sale of extended service plans, guaranteed asset protection and accessories and vehicle repair service. CarMax, Inc. is based in Richmond, Virginia.


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