In the past few sessions, CarMax shares have suffered from a sharp fall and is now on significant level support.

On a technical point of view, CarMax is oversold and near to the USD 46.3 support. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 49.95 resistance.

Thanks to the technical pattern and CarMax's strong fundamentals, active investors can take a long position near the USD 46.3. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.

The goals will be fixed at USD 49.95 in a first time and then at USD 50.
However, a bearish trend would regain the upper hand if the security crosses USD 46.3.