The stock of CarMax, Inc (NYSE:KMX) is a huge mover today! About 1.63M shares traded hands. CarMax, Inc (NYSE:KMX) has risen 8.24% since March 2, 2016 and is uptrending. It has underperformed by 0.02% the S&P500.
The move comes after 7 months positive chart setup for the $10.04B company. It was reported on Oct, 5 by Barchart.com. We have $64.63 PT which if reached, will make NYSE:KMX worth $2.11 billion more.
CarMax, Inc (NYSE:KMX) Ratings Coverage
Out of 12 analysts covering Carmax Inc (NYSE:KMX), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. Carmax Inc has been the topic of 23 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was upgraded by Vetr to “Strong-Buy” on Wednesday, September 2. As per Friday, March 11, the company rating was downgraded by Northcoast. The rating was maintained by Morgan Stanley on Tuesday, March 29 with “Equal-Weight”. The firm earned “Neutral” rating on Friday, September 9 by Buckingham Research. The firm has “Conviction Buy” rating by Goldman Sachs given on Monday, August 3. The firm earned “Underperform” rating on Thursday, March 17 by Wolfe Research. RBC Capital Markets maintained the shares of KMX in a report on Monday, December 21 with “Sector Perform” rating. The rating was maintained by Wedbush on Tuesday, August 18 with “Neutral”. Oppenheimer maintained CarMax, Inc (NYSE:KMX) rating on Monday, September 21. Oppenheimer has “Outperform” rating and $77 price target. The firm earned “Buy” rating on Friday, November 13 by Buckingham Research.
According to Zacks Investment Research, “CarMax, Inc. operates as a retailer of used cars. The Company also sells vehicles through on-site wholesale auctions, as well as sells new vehicles under franchise agreements. It operates used car superstores, provides customers with a range of other related products and services, including the appraisal and purchase of vehicles directly from consumers, the sale of extended service plans, guaranteed asset protection and accessories and vehicle repair service. CarMax, Inc. is based in Richmond, Virginia.”
Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.05, from 0.86 in 2016Q1. The ratio increased, as 40 funds sold all CarMax, Inc shares owned while 142 reduced positions. 38 funds bought stakes while 128 increased positions. They now own 210.17 million shares or 4.67% less from 220.47 million shares in 2016Q1.
Rockefeller Inc accumulated 0.03% or 28,020 shares. Tiaa Cref Management Lc last reported 0.08% of its portfolio in the stock. Victory Capital Incorporated has invested 0% of its portfolio in CarMax, Inc (NYSE:KMX). Geneva Advisors Limited has 4,500 shares for 0% of their US portfolio. London Com Of Virginia has 3.58M shares for 1.35% of their US portfolio. Kcg Holdings, a New Jersey-based fund reported 4,487 shares. Chevy Chase Trust Holding, a Maryland-based fund reported 165,580 shares. Avenir owns 1.27M shares or 5.11% of their US portfolio. Moreover, Janney Montgomery Scott Ltd Llc has 0% invested in CarMax, Inc (NYSE:KMX) for 6,344 shares. Oppenheimer, a New York-based fund reported 932,262 shares. Connable Office holds 0.08% or 5,753 shares in its portfolio. M&T Bank & Trust Corporation accumulated 71,121 shares or 0.02% of the stock. Texas Permanent School Fund accumulated 0.04% or 62,886 shares. Laurion Capital Mngmt Ltd Partnership accumulated 0.08% or 104,100 shares. Delta Lloyd Nv has invested 0.03% of its portfolio in CarMax, Inc (NYSE:KMX).
Insider Transactions: Since April 12, 2016, the stock had 1 insider purchase, and 16 sales for $30.24 million net activity. 2,000 CarMax, Inc (NYSE:KMX) shares with value of $101,500 were sold by MARGOLIN ERIC M. $2.99 million worth of shares were sold by Hill Edwin J on Monday, July 25. $510,000 worth of CarMax, Inc (NYSE:KMX) was sold by Daniels Jon G on Friday, July 8. Reedy Thomas W JR sold $3.20M worth of CarMax, Inc (NYSE:KMX) on Thursday, July 14. 2,000 shares were sold by Grubb Edgar H, worth $110,980. Wood William C Jr. sold $2.26M worth of stock or 37,948 shares. Shares for $51,780 were bought by Colberg Alan B. on Tuesday, April 12.
More recent CarMax, Inc (NYSE:KMX) news were published by: Fool.com which released: “Is It Time for Investors to Bail on CarMax, Inc.?” on September 27, 2016. Also Fool.com published the news titled: “Here’s the Problem With CarMax, Inc’s Second-Quarter Results” on September 26, 2016. Crainsdetroit.com‘s news article titled: “CarMax plans used car dealership in Sterling Heights” with publication date: October 04, 2016 was also an interesting one.
KMX Company Profile
CarMax, Inc. (CarMax), incorporated on October 4, 1996, is a holding company. The Firm is a retailer of used vehicles. The Firm operates through two divisions: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. The Company’s CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The Firm operates approximately 160 used car stores in over 70 metropolitan markets. The Company’s services and products include retail merchandising, wholesale auctions, extended protection plans (EPPs), reconditioning and service, and customer credit. It offers clients a range of makes and models of used vehicles, including both domestic and imported vehicles. It provides condition disclosures on each vehicle, including those for vehicles with major mechanical issues, possible frame or flood damage, branded titles, salvage history and unknown true mileage. It performs routine mechanical and minor body repairs in-house; however, for some reconditioning services, including but not limited to services related to manufacturer’s warranties, it engages third parties specializing in those services. The Firm offers financing alternatives for retail clients across a range of the credit spectrum through CAF and arrangements with several financial institutions.
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