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CarMax, Inc. (KMX - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $58.38 to $63.84 in the past one-month time frame.
The upmove came after the company's fiscal fourth-quarter 2019 (ended Feb 28, 2019) earnings surpassed analyst estimates.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for CarMax. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
CarMax currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Is KMX going up? Or down? Predict to see what others think:Up or Down
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
Image: Bigstock
CarMax (KMX) Soars: Stock Adds 9.6% in Session
CarMax, Inc. (KMX - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $58.38 to $63.84 in the past one-month time frame.
The upmove came after the company's fiscal fourth-quarter 2019 (ended Feb 28, 2019) earnings surpassed analyst estimates.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for CarMax. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
CarMax currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
CarMax, Inc. Price
CarMax, Inc. Price | CarMax, Inc. Quote
Investors interested in the Automotive – Retail and Wholesale - Parts industry may consider AutoZone, Inc. (AZO - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is KMX going up? Or down? Predict to see what others think:Up or Down
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
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