CarMax Sharply Higher After Q2 Beat

CarMax, Inc KMX shares are trading higher by $4.56 (6.5 percent) at $73.40 in Friday's session.

The catalyst for the rally is a Q2 EPS beat of 4 cents along with revenue beat of $137 million.

After a much higher open, CarMax had a little over $1.00 retreat to $70.33 before continuing its move higher. So far, the ensuing rally has taken the stock to $73.99 as of 11:30 a.m. EST. That high coincides with its June 2015 high ($73.76). Its all-time high was made in April 2015 at $75.40.