CarMax Rises On Unusually High Volume (KMX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- CarMax (NYSE: KMX) is trading at unusually high volume Friday with 3.3 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.58 (+3.8%) at $42.75 as of 4 p.m. ET.

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CarMax has a market cap of $9.48 billion and is part of the services sector and specialty retail industry. Shares are up 9.7% year to date as of the close of trading on Thursday.

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. It also sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CarMax as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full CarMax Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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