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Shares of Carmax Inc Has Risen Above Previous 52-Week High

By Nick Russo

Shares of Carmax Inc (NYSE:KMX) traded at a new 52-week high today of $93.56. Approximately 165,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

Carmax Inc (NYSE:KMX) defies analysts with a current price ($93.03) 21.9% above its average consensus price target of $72.62. Carmax Inc shares have support at the 50-day moving average (MA) of $85.68 and additional support at the 200-day MA of $76.32.

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance.

In the past 52 weeks, shares of Carmax Inc have traded between a low of $55.24 and a high of $93.56 and are now at $93.03, which is 68% above that low price. The 200-day and 50-day moving averages have moved 0.77% higher and 0.67% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Carmax Inc and will alert subscribers who have KMX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows carmax inc

Ticker(s): KMX