CarMax ( 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 affordability challenges and inflationary pressures, CarMax (...
If 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.
If these options prove to be profitable prior to the earnings...
Analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 79usd strike price in the money Puts with
an expiration date of 2023-9-29,
for a premium of approximately $4.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Analyzing the options chain of KMX CarMax prior to the earnings report this week,
I would consider purchasing the 78usd strike price in the Puts with
an expiration date of 2023-6-30,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion...
Carmax is slamming head first into hidden support. Rainbow Theory is pointing out multiple items that should be noted.
RAINBOW PIVOT ORDERBLOCK SUPPORT
RSI X'S COLOR ROTATION
COLOR CANDLE ROTATION
RUNNER BOT BOTOM SIGNAL
Keep an eye on this setup and let us know what you think!
I spotted a potential Swing Idea on KMX. I'm eyeing 140-145 calls. I haven't determined an expiration date yet, but I'm aiming for next month, maybe even Dec. depending on the contract prices.
I also have a 1hr markup which is showing me a possible bounce coming off the 200MA. WIll this happen anytime soon, that I don't know.
However, I'm liking the pullback to...
According to the option market, KMX is looking to make a 6.5% move based off of $133. This meaning 6.5% to the upside or downside is expected.
Due to the current set-up, in my opinion CarMax could reach that 6.5% before earnings rolls out on Thursday.
Demand above $134 could trace a realistic move to test $138-$139 by earnings, and has room to even create a...
🚗 CarMax (KMX) slayed it last earnings season. While projections are grim this quarter due to the COVID slowdown, the longterm bull trend of CarMax and its general performance as a company ultimately has us looking for more upside.
Not only does CarMax have a strong presence in the in-person used car economy, but it also has a strong presence in online car sales...
