The support of USD 47.2 is giving argument for a technical rebound.

From a fundamental viewpoint, the security has many qualities. According to Thomson Reuters, the revenue will continue to increase sharply this year.

Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline has lead the share to the USD 47.2 support on which a rebound is forming. Therefore, the objective will be fixed first on the pivot point of USD 49.75 and the USD 52 short-term resistance.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy CarMax. The main objective will be set at USD 52. The stop loss will be triggered below the USD 47.2 support.