Breaking: CarMax, Inc. (NYSE: KMX) Shares Down Nearly 15% TodayShares of CarMax, Inc. (NYSE: KMX) tanked nearly 15% today amidst missing Fourth Quarter Profit expectation.
CarMax (KMX) shares dropped in premarket trading Thursday after the used-car retailer's fiscal fourth-quarter profit and used-vehicle sales came in below analysts' expectations.1
The Virgi
24,436.36
0.01 BRL
2.78 B BRL
146.21 B BRL
About CarMax Inc
Sector
Industry
CEO
William D. Nash
Website
Headquarters
Richmond
Founded
1993
ISIN
BRK1MXBDR008
FIGI
BBG00RD76940
CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment pertains to its finance operation, which offers vehicle financing services to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in 1993 and is headquartered in Richmond, VA.
KMX - 18 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
-
Buy $KMX cause that's the way it should it beKey Stats:
P/E Ratio: 18.5 (better than most used cars' depreciation rates)
Free Cash Flow (FCF): $1.4B
Revenue Growth: +3.2% YoY (despite a tough macro environment)
Next Earnings Date: December 19, 2024
Market Cap: $13.01B
Top 3 Technical Reasons:
1️⃣ Ascending Triangle Formation:
KMX CarMax Options Ahead of EarningsIf you haven`t sold KMX before the previous earnings:
Now analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 70usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $4.15.
If
No-Haggle Pricing | Stay FlyWhat's up, Fresh - it's our turn, baby...
Circling back to our discussion on the BLS choosing to withhold the release Total Vehicle Sales for August 2024 ( in an effort to hide the disaster that is the current state of the global economy ), this baddie is setting up for a scrumptious buy opportun
CarMax Hits Speed Bump: Shares Drop 13% Amid Delayed TargetsCarMax ( NYSE:KMX ), the pre-owned vehicle giant, faces a bumpy road ahead as it misses analyst expectations for its fourth-quarter results and pushes back its long-term financial targets. The company's shares took a nosedive, plunging as much as 13% in premarket trading.
Blaming ongoing vehicle af
Breakout Imminent? $KMX Triple Bottom Tested, Now at ResistanceNYSE:KMX stuck at a crossroads! After a triple bottom tease and a failed retest of support, is CarMax finally ready to break free? We're hovering right at resistance now, but the 50 and 200 SMA are offering some serious bullish encouragement. Buckle up for a potential breakout towards $120 if bulls
KMX CarMax Options Ahead of EarningsIf you haven`t sold KMX before the previous earnings:
Then analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 80usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $13.40.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.