On Friday, CarMax earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 77.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves. See if CarMax can continue to show renewed price strength and hit that benchmark.
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While it's not currently an ideal time to buy shares, see if the stock manages to offer and clear a proper buy point.
Regarding top and bottom line numbers, the company has posted rising EPS growth in each of the last three reports. Revenue gains have also increased during the same period.
CarMax earns the No. 8 rank among its peers in the Retail/Wholesale-Auto Parts industry group. ACV Auctions, Group 1 Automotive and Lithia Motors are among the top 5 highly rated stocks within the group.
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