Used-car stock CarMax Inc (NYSE:KMX) is up 3.2% at $66.41, after the company's better-than-expected first-quarter earnings and revenue results. The retailer reported its biggest jump in used vehicle sales since late 2021 with 230,000 sold this past quarter. 

The stock opened at $70.27 before paring gains, a level that rejected the shares in mid-May as well. Struggling to remove itself from a May 23, 52-week low of $61.34, KMX is down 18.6% in 2025. 

So far today, KMX has seen 7,414 calls and 3,713 puts exchanged, which is 3.1 times the volume it typically sees in an entire session. Expiring today, the June 62.50 put is the most popular contract. 

Calls were more popular than usual leading up to today, too. CarMax stock's 50-day call/put volume ratio of 2.14 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 92% of readings from the past year. 

An unwinding of short interest could help fuel gains. Of KMX's available float, 8.5% is sold short. It would take shorts nearly four days to cover. 

Homebuilding supply specialist GMS Inc (NYSE:GMS) is up 30% at $104.25, after receiving two buyout bids this week. Home Depot (HD) offered an undisclosed amount for the distributor, while Brad Jacobs' QXO (QXO) entered the ring with a $5 billion all-cash bid, saying if management did not agree, he would go directly to the shareholders. GMS' current market value is around $3.1 billion.

GMS enjoyed a 10.6% pop on Wednesday, its largest daily gain since December 2022. Today's surge puts the shares on pace for their highest close and best daily percentage jump on record. In 2025, the equity is up 21%.

Truist Securities and Barclays hiked their price targets to $105 and $95, respectively, in response to today's news. There remains plenty of room for more bull notes, however, with five of the eight brokerages in covering sporting a "hold" recommendation. Plus, the stock's average 12-month price target of $95.93 comes in at a 7.5% discount to current levels.

Shorts have been crowding the stock, with short interest up 7.3% in the past two reporting periods, now accounting for 4.4% of the total available float. At GMS' average pace of daily trading, it would take shorts over four days to buy back their bearish bets. 

The shares of USDC stablecoin parent Circle Internet Group Inc (NYSE:CRCL) were last seen up 22.4% to trade at $182.50. Today's pop came after the U.S. Senate passed the GENIUS Act, a bill that establishes federal guidelines for dollar-pegged stablecoins. The legislation also gives the Department of Treasury authority and clears the way for bank, retail, and fintech names to issue their own stablecoins.

A Wall Street newcomer, CRCL is pacing for its third gain in the last four sessions, and earlier hit a record high of $184.44. Shares made quite the splash earlier this month, opening at $69 after its initial public offering (IPO) price came in higher than expected at $31.

With Coinbase Global Inc (NASDAQ:COIN) and Riot Platforms Inc (NASDAQ:RIOT) shares enjoying tailwinds as well, now is also an opportune time to check in with these cryptocurrency-adjacent giants. 

COIN is up 16.3% to trade at $295.29 at last check, and earlier hit its highest level since February. The security is bouncing off a floor at the $240 as they pace for their best day since April, while sporting an impressive 80.9% year-over-year lead. So far in 2025, the stock added 18.6%

RIOT was last seen 3.7% higher to trade at $10.02, but shed 16.7% over the last six months. The equity's rally off its April 17, two-year low of $6.19 stalled out at the $11 region last week, which coincides with an area of resistance from early March.

As far as today's options activity is concerned, both CRCL and COIN are seeing four times the volume typically seen at this point. The most active contract for the former is the June 200 call, while for the latter it's the June 300 call, with new positions currently being opened at both.

Every week, Investors Intelligence (II) puts out a poll gauging the amount of newsletter optimism and pessimism surrounding the stock market. Here are the results for the week ending Friday, June 13, and some corresponding takeaways from Senior Quantitative Analyst Rocky White.

Per the top table, there was a slight increase in optimism last week. We typically consider readings below 0% or above 40% to be extreme pessimism or optimism, respectively. The bottom table above compares the current data to typical data since 2005. The bulls are below their long-term average and the bears are near their long-term average. The bulls minus bears line is below its long-term average.

Quantum computing stock Rigetti Computing Inc (NASDAQ:RGTI), like much of the upstart sector, has exploded onto the scene in the last year, racking up a 1,070% 12-month gain. The shares have lost steam somewhat in 2025, down 25% year-to-date and 5.3% in June alone. The silver lining is this pullback has RGTI testing a historically bullish signal. 

Per Schaeffer's Senior Quantitative Analyst Rocky White, RGTI has pulled back to its 50-day moving average, within 0.75 of the trendline's 20-day average true range (ATR) after spending at least 80% of the last 10 days and 80% of the last two months above it. Within these parameters, three other signals occurred in the past three years. RGTI was higher one month later after two of those instances, averaging a 4.4% gain. Plus, this trendline provided resistance prior to a couple months ago. 

An unwinding of short interest could provide tailwinds as well. Bearish bets have decreased by 16% in the two most recent reporting period, yet of the 55.28 million shares sold short still accounts for 19.3% of the stock's total available float. 

Keep an eye on RGTI's 14-Day Relative Strength Index (RSI) as well, last seen at 30, on the cusp of "oversold" territory. This indicates a short-term pop could be in the cards.