CarMax Stock Pops After Strong Q1 Results

Group 1 - CarMax Inc (NYSE:KMX) reported better-than-expected first-quarter earnings and revenue, leading to a 3.2% increase in stock price to $66.41 [1] - The company experienced its largest increase in used vehicle sales since late 2021, with 230,000 vehicles sold in the past quarter [1] - Despite the positive earnings report, KMX is down 18.6% in 2025 and is struggling to recover from a 52-week low of $61.34 [1] Group 2 - The trading volume for KMX options has significantly increased, with 7,414 calls and 3,713 puts exchanged, which is 3.1 times the typical volume [2] - The June 62.50 put is the most popular contract expiring today, indicating heightened interest in options trading [2] - The 50-day call/put volume ratio for CarMax stock is 2.14, ranking higher than 92% of readings from the past year, suggesting bullish sentiment [2] Group 3 - Approximately 8.5% of KMX's available float is sold short, indicating potential for gains if short interest unwinds [3] - It would take shorts nearly four days to cover their positions, which could further support stock price increases [3]