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Carmax Receives Composite Rating Upgrade

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On Tuesday, Carmax ( KMX ) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.

[ibd-display-video id=2102289 width=50 float=left autostart=true] The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run.

Carmax has now climbed above a proper buy zone after breaking out from a 65.90 buy point in a cup with handle.

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The stock earns a 93 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 93% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q2, the company reported 17% EPS growth. Top line growth was flat, matching the prior quarter's 10%.

Carmax earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors ( LAD ) and ( CARG ) are also among the group's highest-rated stocks.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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