Notable Mover: Carmax Inc’s (NYSE:KMX) Sentiment is 0.86

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Notable Mover: Carmax Inc's (NYSE:KMX) Sentiment is 0.86

Sentiment for Carmax Inc (NYSE:KMX)

Carmax Inc (NYSE:KMX) institutional sentiment decreased to 0.86 in Q2 2016. Its down -0.05, from 0.91 in 2016Q1. The ratio dropped, as 166 institutional investors increased or opened new equity positions, while 182 trimmed and sold equity positions in Carmax Inc. The institutional investors in our partner’s database now own: 210.17 million shares, down from 220.47 million shares in 2016Q1. Also, the number of institutional investors holding Carmax Inc in their top 10 equity positions increased from 13 to 14 for an increase of 1. Sold All: 40 Reduced: 142 Increased: 128 New Position: 38.

CarMax, Inc. is a holding company. The company has a market cap of $10.93 billion. The Firm is a retailer of used vehicles. It has a 18.64 P/E ratio. The Firm operates through two divisions: CarMax Sales Operations and CarMax Auto Finance (CAF).

About 1.09 million shares traded hands. CarMax, Inc (NYSE:KMX) has risen 10.17% since April 25, 2016 and is uptrending. It has outperformed by 4.16% the S&P500.

Analysts await CarMax, Inc (NYSE:KMX) to report earnings on December, 16. They expect $0.71 EPS, up 12.70% or $0.08 from last year’s $0.63 per share. KMX’s profit will be $135.13M for 20.22 P/E if the $0.71 EPS becomes a reality. After $0.88 actual EPS reported by CarMax, Inc for the previous quarter, Wall Street now forecasts -19.32% negative EPS growth.

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.”

Abrams Bison Investments Llc holds 9.5% of its portfolio in CarMax, Inc for 2.09 million shares. Broad Run Investment Management Llc owns 3.07 million shares or 7.25% of their US portfolio. Moreover, Markel Corp has 6.35% invested in the company for 4.91 million shares. The Virginia-based Akre Capital Management Llc has invested 5.51% in the stock. Avenir Corp, a -based fund reported 1.27 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 11 sales for $28.60 million net activity.

CarMax, Inc (NYSE:KMX) Ratings Coverage

Ratings analysis reveals 42% of Carmax Inc’s analysts are positive. Out of 12 Wall Street analysts rating Carmax Inc, 5 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $44 while the high is $77. The stock’s average target of $64.10 is 11.61% above today’s ($57.43) share price. KMX was included in 24 notes of analysts from August 3, 2015. The company was upgraded on Tuesday, October 25 by Deutsche Bank. The stock of CarMax, Inc (NYSE:KMX) has “Perform” rating given on Wednesday, September 23 by Oppenheimer. The rating was downgraded by Wolfe Research to “Underperform” on Thursday, March 17. The stock of CarMax, Inc (NYSE:KMX) earned “Neutral” rating by Northcoast on Friday, March 11. The firm earned “Neutral” rating on Tuesday, January 19 by Wedbush. The rating was initiated by Buckingham Research on Friday, November 13 with “Buy”. The rating was initiated by Susquehanna with “Positive” on Friday, August 26. Oppenheimer maintained CarMax, Inc (NYSE:KMX) rating on Monday, September 21. Oppenheimer has “Outperform” rating and $77 price target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, December 15. The firm earned “Neutral” rating on Tuesday, August 18 by Wedbush.

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.

Another recent and important CarMax, Inc (NYSE:KMX) news was published by Barrons.com which published an article titled: “CarMax Inc.” on November 21, 2016.

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By Ruchi Gupta


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