CarMax Higher Amid Chanos Chatter

CarMax, In KMX shares are trading higher by $0.60 at $65.14 in Wednesday's session. That is nearly $3.00 above its low for the day of $62.64.

It was trading at $66.00 around 11:15 a.m. ET, when it was interpreted from an article in ValueWalk that Jim Chanos' unnamed short in the auto sector was indeed CarMax.

The spike lower marked the lowest level for this issue since December 20, when it bottomed on that day at $61.73. So far, the rebound off the lows has found intra-day resistance at $65.57.