Long Position on KMX @ $72.50 on 4/15/2015 (Momentum)

CarMax, Inc. (KMX) operates as a retailer of used vehicles in the United States.

It operates in two segments, CarMax Sales Operations and CarMax Auto Finance.

It 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 also provides customers financing alternatives through its finance operation, CarMax Auto Finance, as well as through its third-party financing providers. In addition, it offers a range of other related products and services, including the appraisal and purchase of vehicles directly from consumers; sale of extended service plans and guaranteed asset protection services; and vehicle repair services.

The company provides vehicle financing services through its CarMax superstores. As of April 6, 2015, it operated 146 superstores in 74 markets.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $42.79 - $75.40

Entry Point: $72.50

Stop Loss: $68.90

Target Price: $79.75

Updates

5/15/2015 11:25:40 AM

Closing KMX at $74.20 after its 30-days expired!

Position closed on 5/15/2015 at price of $72.20 with a -0.41% loss in 30 days.

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