CarMax Shares Surge in Volume but Stock Price Drops as Trading Ranks 387th

On May 5, 2025, CarMax Inc. (KMX) experienced a significant increase in trading volume, with a total of 2.16 billion shares traded, marking a 55.39% rise compared to the previous day. This surge in trading activity placed CarMax among the top 387 most actively traded stocks for the day. However, despite the high trading volume, the stock price of CarMax declined by 0.63%.

Pomerantz LLP has initiated an investigation into claims on behalf of CarMax investors. The law firm is examining potential securities violations that may have affected the company's stock performance. This investigation could have implications for CarMax's future stock price movements, as investors closely monitor the legal developments surrounding the company.

Jim Cramer, the host of Mad Money, drew parallels between the current market conditions and the 2011 crisis. He suggested that the recent market downturn could be resolved with policy changes, similar to how the 2011 crisis was addressed. Cramer emphasized that the market's decline is not driven by corporate fundamentals but by external factors, which could impact CarMax's stock performance in the coming days.