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

By Shiri Gupta

Carmax Inc (NYSE:KMX) traded at a new 52-week high today of $95.61. So far today approximately 99,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

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.

Carmax Inc (NYSE:KMX) is currently priced 22.2% above its average consensus analyst price target of $72.62. The stock should find initial support at its 50-day moving average (MA) of $86.08 and further support at its 200-day MA of $76.63.

Over the past year, Carmax Inc has traded in a range of $55.24 to $95.61 and is now at $93.32, 69% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

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