Auto

Richard

Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>KMX stock surpassed the 20 day EMA barrier aggressively.</a></li>
 <li><span>2</span> <a>KMX stock is heading toward $70 due to follow-on buying.</a></li>
</ul>
<p>CarMax, Inc (NYSE: KMX) KMX is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment pertains to its finance operation, which offers vehicle financing services to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in 1993 and is headquartered in Richmond, VA.</p>
<h2 class="wp-block-heading" id="strong-will-kmx-stock-reach-100-strong"><strong>Will KMX Stock Reach $100?&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/KdLy1oTTKOqazKMjhwxhHxS3-77qg_mzb1Z8358AwQWUM-ZZ2yf5H06yo9x0_ycMZdadrpeyUvPQX8m1YezfQg4ZSbEkrN-1mXIQ0etbJ6ZTU7K1WHsxkvol0xEHchWuIEiNmG9ot2pmd_Zmd4ekiLI" alt="KMX Stock Price Prediction 2023-25: Will KMX Stock Surge to $75?" style="aspect-ratio:2.1592442645074224;width: 100%;height:auto">
  <figcaption class="wp-element-caption"><strong><a href="https://www.tradingview.com/chart/vVtQEsVt/?symbol=NYSE%3AKMX" rel="noopener noreferrer nofollow">Source: KMX Stock/NYSE By TradingView</a></strong>
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<p>KMX stock price surged sharply and due to the follow-on buying, it broke out of the 20 day EMA trendline. Furthermore, the price action witnessed the short covering move. Notably, KMX stock is heading toward the gap near $74, which was yet to be filled.</p>
<p>KMX stock is trading at $66.67 with an intraday gain of 4.76% showing bullishness on the charts. Furthermore, the trading volume increased by 2.67% to 1.23 Million while the market cap is $10.553 Billion. However, analysts maintained a buy-rating with a yearly target price of $75.31.</p>
<h2 class="wp-block-heading" id="strong-kmx-stock-price-prediction-2023-strong"><strong>KMX Stock Price Prediction 2023</strong></h2>
<p>On the daily charts, KMX stock is showing a reversal. Furthermore, the correction has ended after the stock surpassed the 20 day EMA. It is now heading toward the 50 day EMA.&nbsp;</p>
<p>If buying action continues probably the bulls will try to fill the remaining gap near $75. Furthermore, the stock has gained strength and buyers are looking aggressive now and will surely continue to surge in the next sessions. KMX stock has a potential to reach the maximum of $75 followed by $90.</p>
<p>Conversely, if bears healed their muscles, KMX stock will retest the round mark of $50.</p>
<p>The RSI curve stayed in the overbought zone and formed a positive crossover indicating the buyers accumulation on the charts. The MACD shows a bullish crossover suggesting a positive outlook.</p>
<h2 class="wp-block-heading" id="strong-kmx-stock-price-prediction-2024-strong"><strong>KMX Stock Price Prediction 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/v7SM903HCORSm0lyGoGEWK_1ZrzBWS68tgRVBN3B7hZCeTRp0GWKasRcguFhJ1vqmh3OBDwtkZlKTrjWL7Xbo8m62-IglsoFnJ5TUB0Blcc1CUKigTd2lxpsv2Nwtat5EsEXwh88KAnOiy4chaXPvvM" alt="KMX Stock Price Prediction 2023-25: Will KMX Stock Surge to $75?">
  <figcaption class="wp-element-caption"><strong><a href="https://www.tradingview.com/chart/vVtQEsVt/?symbol=NYSE%3AKMX" rel="noopener noreferrer nofollow">Source: KMX Stock/NYSE By TradingView</a></strong>
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 </figure>
</div>
<p>On the monthly charts, KMX stock price took support on the 200 day EMA near the lower trendline and pulled back decisively. Furthermore, the chart shows that buyers have attained strength and are accumulating the stock. KMX stock has surpassed the channel trendline, breaking out.&nbsp;</p>
<p>KMX stock could fill the gap near $75 and surpass the 50 day EMA near $85 in case of follow-on buying. Moreover, the ongoing trend shows a reversal and indicates that KMX <a href="https://www.thecoinrepublic.com/2023/08/31/shopify-stock-shows-8-gains-amid-collaboration-with-amazon/" rel="noopener noreferrer nofollow">stock </a>has the potential to reach the maximum of $90 followed by $100.</p>
<p>On the contrary, in case of bearishness, KMX stock will go toward the $35 mark in 2024.</p>
<h2 class="wp-block-heading" id="strong-kmx-stock-price-prediction-2025-strong"><strong>KMX Stock Price Prediction 2025</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/CdFbI49ZDrZcqhHlp7e5w_1GFks5d3430vz_6k4NNTDxfKCO-2wWqxoGdBsonl8rpoetwVoSCzqzPz_hZMBLIe9CW4axDQdGryQuguRe7plcx1E7lx47xN4TpBiUAh_5QX2O9gMMozF-KRQNu7zHvhQ" alt="KMX Stock Price Prediction 2023-25: Will KMX Stock Surge to $75?">
  <figcaption class="wp-element-caption"><strong><a href="https://www.tradingview.com/chart/vVtQEsVt/?symbol=NYSE%3AKMX" rel="noopener noreferrer nofollow">Source: KMX Stock/NYSE By TradingView</a></strong>
  </figcaption>
 </figure>
</div>
<p>On the 6 months chart, KMX stock has made a inside candle and is close to the swing hurdle of $80. Furthermore, the trend shows a reversal and has taken support on the neckline near $60. Moreover, the chart shows a retracement and showed a reversal in the last sessions. As per the Fibonacci retracement zone, KMX stock <a href="https://www.thecoinrepublic.com/2023/08/31/shopify-stock-shows-8-gains-amid-collaboration-with-amazon/" rel="noopener noreferrer nofollow">price </a>is close to the 50% zone and rebounded decisively.</p>
<p>If bulls continue to gain momentum, KMX stock will reach the maximum of $120 by 2025, while the downside risk of KMX stock is capped to $30 by 2025.</p>
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4>
<p>KMX stock surpassed the 20 day EMA aggressively. Furthermore, the chart shows a reversal, highlighting bulls’ dominance. Moreover, the short positions were trapped and the stock may fill the gap near $75 soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $60 and $50</p>
<p>Resistance Levels: $70 and $75</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

KMX Stock Price Prediction 2023-25: Will KMX Stock Surge to $75?

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