Carmax's $278 million trading volume lands it at 387th in market rankings despite 2.50% stock price drop

On May 14, 2025, Carmax's trading volume reached $278 million, marking a 54.14% increase from the previous day. This surge placed Carmax at the 387th position in the day's stock market rankings. However, the stock price of Carmax (KMX) fell by 2.50%.

Analysts have noted a significant shift in options trading for Carmax, with traders anticipating a substantial move in the stock. This speculation is driven by the company's current Zacks Rank of #3, indicating a hold position. The fundamental outlook for Carmax remains a key factor in this trading activity.

Needham & Company LLC recently adjusted their price target for Carmax, lowering it from $101.00 to $92.00 while maintaining a "buy" rating. This adjustment reflects the company's performance and market conditions, providing investors with updated insights into Carmax's potential.

Carmax has also released its 2025 Responsibility Report, highlighting a 33% reduction in greenhouse gas emissions in 2024 compared to its 2018 baseline. This environmental progress underscores the company's commitment to sustainability and its efforts to become a leader in responsible business practices.