The stock of CarMax, Inc (NYSE:KMX) is a huge mover today! About 3.36 million shares traded hands or 53.42% up from the average. CarMax, Inc (NYSE:KMX) has declined 3.34% since April 6, 2016 and is downtrending. It has underperformed by 5.30% the S&P500.
The move comes after 7 months negative chart setup for the $9.44B company. It was reported on Nov, 8 by Barchart.com. We have $44.27 PT which if reached, will make NYSE:KMX worth $849.60M less.
CarMax, Inc (NYSE:KMX) Ratings Coverage
Out of 12 analysts covering Carmax Inc (NYSE:KMX), 5 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 42% are positive. Carmax Inc has been the topic of 24 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, August 18 by Wedbush. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, March 29. On Friday, September 4 the stock rating was downgraded by Vetr to “Buy”. Oppenheimer maintained it with “Outperform” rating and $77 target price in Monday, September 21 report. The stock of CarMax, Inc (NYSE:KMX) has “Conviction Buy” rating given on Monday, August 3 by Goldman Sachs. The company was downgraded on Friday, March 11 by Northcoast. The company was maintained on Tuesday, August 18 by Wedbush. Wolfe Research downgraded the shares of KMX in a report on Thursday, March 17 to “Underperform” rating. As per Tuesday, October 25, the company rating was upgraded by Deutsche Bank. RBC Capital Markets maintained CarMax, Inc (NYSE:KMX) on Monday, December 21 with “Sector Perform” rating.
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 is positive, 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.
Veritable L P accumulated 0.01% or 5,804 shares. Arcadia Mi has 1.03% invested in the company for 64,333 shares. Bb&T Securities Ltd Company has invested 0.1% of its portfolio in CarMax, Inc (NYSE:KMX). Nomura Incorporated last reported 6,342 shares in the company. Wilbanks Smith & Thomas Asset Limited Liability Company holds 0.06% of its portfolio in CarMax, Inc (NYSE:KMX) for 12,022 shares. The United Kingdom-based Aberdeen Asset Mgmt Public Llc Uk has invested 0.01% in CarMax, Inc (NYSE:KMX). Texas Permanent School Fund holds 0.04% or 62,886 shares in its portfolio. Dekabank Deutsche Girozentrale holds 0% or 6,194 shares in its portfolio. Us Retail Bank De holds 43,509 shares or 0.01% of its portfolio. The Illinois-based Hightower Advsrs Ltd Limited Liability Company has invested 0.02% in CarMax, Inc (NYSE:KMX). Twin Tree Mgmt L P owns 3,935 shares or 0% of their US portfolio. Moreover, Voya Ltd Liability Company has 0.02% invested in CarMax, Inc (NYSE:KMX) for 132,923 shares. Manufacturers Life Ins The reported 4.43M shares or 0.33% of all its holdings. Jpmorgan Chase holds 220,609 shares or 0% of its portfolio. The Washington-based Parametric Portfolio Limited Liability Co has invested 0.03% in CarMax, Inc (NYSE:KMX).
Insider Transactions: Since July 7, 2016, the stock had 0 insider buys, and 11 insider sales for $28.60 million net activity. Another trade for 2,000 shares valued at $105,900 was sold by MARGOLIN ERIC M. On Monday, September 26 the insider GARTEN JEFFREY E sold $336,483. Daniels Jon G sold $510,000 worth of stock or 10,000 shares. Reedy Thomas W JR sold $3.20 million worth of stock. $2.99M worth of CarMax, Inc (NYSE:KMX) was sold by Hill Edwin J on Monday, July 25. On Monday, July 18 FOLLIARD THOMAS J sold $15.03 million worth of the stock or 271,435 shares. WYATT NATALIE L sold $81,917 worth of stock.
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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