CarMax Inc. (KMX) met our $77.00 per share upside target this morning, first mentioned in our August 30th Asbury Alert entitled Carmax Inc. (KMX) Resuming Its Late 2016 Advance (access requires subscription), to capture a $11.90 per share, 18.3% advance in just over one month.

XLI outperformed the S&P 500 (SPX) by 12.8% during the same period.

Note that price targets being met do not necessarily mean that the directional move is over — only that our initial expectations have been met.

Here is the chart that appeared in our August 30th report.

KMX: October 2016 to August 30th

Here is the updated version of that chart through this morning.

KMX: October 2016 to October 3rd


We publish these notifications for 3 reasons:

  1. to let Asbury Research subscribers know when to consider taking profits on existing positions,
  2. to let non-subscribers track what we are doing in the market, in real time, and
  3. to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.


Asbury Research subscribers can view our latest research on the US stock market, market sectors, US interest rates, ETFs and commodities, as well as a table with our current picks in US stocks, ETFs, and global indexes, by logging into the Research Center via the big gold button in the upper right corner of the screen.

Subscribers and interested investors can view our most recent closed out trade ideas by Clicking Here.

To non-subscribers:  Request more information about us, including service and pricing options, by visiting our Contact Us page or by calling 888-960-0005.

Invest like a Professional. Get Started Today

Don’t miss any more opportunities. Sign up today and see how Asbury Research can give your investments the edge they need in a turbulent market.
Start Today!