CarMax (NYSE:KMX) Has Been Upgraded Today by Oppenheimer to a Outperform

January 19, 2018 - By Hazel Jackson

  CarMax (NYSE:KMX) Has Been Upgraded Today by Oppenheimer to a Outperform

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.01, from 0.91 in 2017Q2. It dived, as 25 investors sold CarMax Inc. shares while 163 reduced holdings. 57 funds opened positions while 112 raised stakes. 188.17 million shares or 4.44% less from 196.91 million shares in 2017Q2 were reported.

Ubs Asset Management Americas Inc has 0.04% invested in CarMax Inc. (NYSE:KMX) for 535,709 shares. Victory Cap reported 24,947 shares. Gm Advisory Gru Inc accumulated 0.06% or 2,733 shares. State Of Wisconsin Inv Board reported 0.04% in CarMax Inc. (NYSE:KMX). Ckw Financial invested in 12 shares. Utah Retirement Systems has invested 0.06% in CarMax Inc. (NYSE:KMX). Canada Pension Plan Invest Board invested in 0% or 1,990 shares. Dekabank Deutsche Girozentrale invested in 0.02% or 28,662 shares. Wells Fargo Company Mn holds 0.02% in CarMax Inc. (NYSE:KMX) or 973,213 shares. Illinois-based Magnetar Fin Limited Liability Company has invested 0.03% in CarMax Inc. (NYSE:KMX). 4,432 were reported by Pitcairn. Renaissance Techs Limited Liability Company holds 0.1% or 1.15M shares. Parametric Port Associate Limited Liability Company, Washington-based fund reported 412,554 shares. Cannell Peter B And Com holds 0.48% of its portfolio in CarMax Inc. (NYSE:KMX) for 181,274 shares. Manufacturers Life Communications The invested 0.2% of its portfolio in CarMax Inc. (NYSE:KMX).

Since September 1, 2017, it had 1 insider purchase, and 17 sales for $46.26 million activity. On Wednesday, September 27 the insider Cafritz Diane L sold $419,370. Reedy Thomas W JR had sold 75,675 shares worth $5.56 million. Another trade for 50,488 shares valued at $3.72M was made by Daniels Jon G on Tuesday, September 26. Wood William C Jr. sold 201,701 shares worth $14.84M. MARGOLIN ERIC M sold $4.30 million worth of stock. Shares for $869,588 were sold by Grubb Edgar H on Thursday, October 5.

CarMax (NYSE:KMX) Stock Upgrade

In a report revealed to investors and clients on 18 January, stock analysts at the Oppenheimer equity research division upped shares of CarMax (NYSE:KMX) stock from a Perform to a respectable Outperform rating.

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.01, from 0.91 in 2017Q2. It dived, as 25 investors sold CarMax Inc. shares while 163 reduced holdings. 57 funds opened positions while 112 raised stakes. 188.17 million shares or 4.44% less from 196.91 million shares in 2017Q2 were reported.

Ubs Asset Management Americas Inc has 0.04% invested in CarMax Inc. (NYSE:KMX) for 535,709 shares. Victory Cap reported 24,947 shares. Gm Advisory Gru Inc accumulated 0.06% or 2,733 shares. State Of Wisconsin Inv Board reported 0.04% in CarMax Inc. (NYSE:KMX). Ckw Financial invested in 12 shares. Utah Retirement Systems has invested 0.06% in CarMax Inc. (NYSE:KMX). Canada Pension Plan Invest Board invested in 0% or 1,990 shares. Dekabank Deutsche Girozentrale invested in 0.02% or 28,662 shares. Wells Fargo Company Mn holds 0.02% in CarMax Inc. (NYSE:KMX) or 973,213 shares. Illinois-based Magnetar Fin Limited Liability Company has invested 0.03% in CarMax Inc. (NYSE:KMX). 4,432 were reported by Pitcairn. Renaissance Techs Limited Liability Company holds 0.1% or 1.15M shares. Parametric Port Associate Limited Liability Company, Washington-based fund reported 412,554 shares. Cannell Peter B And Com holds 0.48% of its portfolio in CarMax Inc. (NYSE:KMX) for 181,274 shares. Manufacturers Life Communications The invested 0.2% of its portfolio in CarMax Inc. (NYSE:KMX).

Since September 1, 2017, it had 1 insider purchase, and 17 sales for $46.26 million activity. On Wednesday, September 27 the insider Cafritz Diane L sold $419,370. Reedy Thomas W JR had sold 75,675 shares worth $5.56 million. Another trade for 50,488 shares valued at $3.72M was made by Daniels Jon G on Tuesday, September 26. Wood William C Jr. sold 201,701 shares worth $14.84M. MARGOLIN ERIC M sold $4.30 million worth of stock. Shares for $869,588 were sold by Grubb Edgar H on Thursday, October 5.

CarMax Inc. (NYSE:KMX) Ratings Coverage

Among 17 analysts covering Carmax Inc (NYSE:KMX), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Carmax Inc has $88.0 highest and $44 lowest target. $75.06’s average target is 6.41% above currents $70.54 stock price. Carmax Inc had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of CarMax Inc. (NYSE:KMX) earned “Buy” rating by RBC Capital Markets on Thursday, December 21. As per Tuesday, March 29, the company rating was maintained by Morgan Stanley. The company was upgraded on Monday, January 8 by Berenberg. Deutsche Bank upgraded the shares of KMX in report on Tuesday, October 25 to “Buy” rating. The firm earned “Neutral” rating on Thursday, August 18 by Wedbush. The stock has “Buy” rating by RBC Capital Markets on Thursday, August 3. The rating was maintained by Oppenheimer on Monday, June 19 with “Buy”. The stock has “Neutral” rating by Wedbush on Wednesday, January 18. The firm earned “Buy” rating on Friday, July 21 by Oppenheimer. The firm has “Perform” rating by Oppenheimer given on Wednesday, September 23.

The stock increased 1.00% or $0.7 during the last trading session, reaching $70.54. About 1.16 million shares traded. CarMax Inc. (NYSE:KMX) has risen 26.17% since January 19, 2017 and is uptrending. It has outperformed by 9.47% the S&P500.

CarMax Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company has market cap of $12.86 billion. The firm operates in two divisions, CarMax Sales Operations and CarMax Auto Finance. It has a 18.88 P/E ratio. It offers clients a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to clients at the time of sale.

More notable recent CarMax Inc. (NYSE:KMX) news were published by: Fool.com which released: “CarMax Earnings: Growth Slows as Customer Traffic Drops” on December 21, 2017, also Benzinga.com with their article: “Oppenheimer Upgrades CarMax, Says Used Car Sales, Tax Savings Support Bullish Move” published on January 18, 2018, Seekingalpha.com published: “CarMax’s (KMX) CEO Bill Nash on Q3 2018 Results – Earnings Call Transcript” on December 21, 2017. More interesting news about CarMax Inc. (NYSE:KMX) were released by: Nasdaq.com and their article: “CarMax Inc. Reports 9% Increase In Q3 Bottom Line” published on December 21, 2017 as well as Benzinga.com‘s news article titled: “CarMax Shares May Be Idling At An Attractive Entry Point” with publication date: January 08, 2018.

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