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CarMax: A Market Melt-Up Waiting to Happen for this Stock 
CarMax (NYSE: KMX) is set up for a market melt-up because of improving market sentiment. The used car market is still struggling due to market normalization, but it is sufficient to drive solid cash flow for this business, and the trends are improving. The critical takeaway from the Q1 report is that costs are improving, vehicle value is stabilizing, demand is rebounding, and the business is set up to return to growth with leveraged earnings power. Among the drivers for the melt-up will be short interest. CarMax is among the most heavily shorted S&P 500 (NYSEARCA: SPY) stocks, with a short interest of 12.5% at the start of June. Since the price action in June leading up to the earnings release is not bullish, it points to an increase in short interest, not a decrease. CarMax may not be primed for a short squeeze, but short-covering will add momentum to the rally. Central Bank Gold Heist In Progress
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