Oppenheimer Says Use Any Weakness In CarMax As Buying Opportunity - CarMax (NYSE:KMX)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Oppenheimer's Brian Nagel reiterated CarMax's (NYSE: KMX) Outperform rating with a $60.00. Nagel's constructed inventory tracker indicator hinted at a rebound in sales recently. "Our proprietary KMX inventory tracker has improved on a YoY basis over the past three weeks following 18 weeks of declines, signaling to us a recent potential uptick in sales" stated the analyst.The analyst still was concerned of declining used car sales, however, and "market sentiment remains subdued." Additionally, declining new car sales do not help CarMax's situation.At the time of writing, CarMax traded at $52.97, down 0.02% in the after-market session.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!