As Carmax INC (KMX) Stock Value Declined, Holder Ruane Cunniff & Goldfarb INC Has Increased Position

November 14, 2017 - By Maria Brooks

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.18, from 0.73 in 2017Q1. It increased, as 44 investors sold KMX shares while 152 reduced holdings. 48 funds opened positions while 131 raised stakes. 196.91 million shares or 2.38% more from 192.33 million shares in 2017Q1 were reported. Prescott Gp Management Ltd Liability Co holds 0.26% of its portfolio in CarMax, Inc (NYSE:KMX) for 20,000 shares. Pitcairn stated it has 4,567 shares. Independent Port Consultants holds 0.28% of its portfolio in CarMax, Inc (NYSE:KMX) for 10,864 shares. Balyasny Asset Mgmt Ltd Com invested in 638,700 shares or 0.17% of the stock. Thompson Davis & Communication has 187 shares. Bank & Trust Of America De accumulated 1.01M shares. Howland Capital Management Lc has invested 1.65% in CarMax, Inc (NYSE:KMX). Salem Inv Counselors owns 0% invested in CarMax, Inc (NYSE:KMX) for 411 shares. Athena Capital Ltd Liability Corp invested in 7,900 shares or 0.13% of the stock. Gam Ag has 27,026 shares. D E Shaw Com reported 0.32% of its portfolio in CarMax, Inc (NYSE:KMX). Twin Tree Management Lp, Texas-based fund reported 100,416 shares. British Columbia Investment Mngmt Corporation invested 0.04% of its portfolio in CarMax, Inc (NYSE:KMX). Tarbox Family Office has 38 shares for 0% of their portfolio. Ruane Cunniff And Goldfarb Incorporated holds 10.15M shares.

Ruane Cunniff & Goldfarb Inc increased its stake in Carmax Inc (KMX) by 4.59% based on its latest 2017Q2 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc bought 445,826 shares as the company’s stock declined 3.39% while stock markets rallied. The institutional investor held 10.15 million shares of the automotive aftermarket company at the end of 2017Q2, valued at $640.02 million, up from 9.70 million at the end of the previous reported quarter. Ruane Cunniff & Goldfarb Inc who had been investing in Carmax Inc for a number of months, seems to be bullish on the $13.02 billion market cap company. The stock declined 1.29% or $0.93 reaching $71.42 on the news. About 327,002 shares traded. CarMax, Inc (NYSE:KMX) has risen 26.17% since November 14, 2016 and is uptrending. It has outperformed by 9.47% the S&P500.

Ruane Cunniff & Goldfarb Inc, which manages about $26.52 billion and $10.81B US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKA) by 422 shares to 3,680 shares, valued at $937.30 million in 2017Q2, according to the filing. It also reduced its holding in O Reilly Automotive Inc New (NASDAQ:ORLY) by 158,887 shares in the quarter, leaving it with 1.60 million shares, and cut its stake in Amazon Com Inc (NASDAQ:AMZN).

More recent CarMax, Inc (NYSE:KMX) news were published by: Marketwatch.com which released: “CarMax to add more than 2000 workers by the end of the year” on October 23, 2017. Also Benzinga.com published the news titled: “Najarian Brothers See Unusual Options Activity In Micron And CarMax” on November 10, 2017. Businesswire.com‘s news article titled: “CarMax Announces Upcoming Chief Operating Officer Retirement” with publication date: October 30, 2017 was also an interesting one.

CarMax, Inc (NYSE:KMX) Ratings Coverage

Among 16 analysts covering Carmax Inc (NYSE:KMX), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Carmax Inc has $83.0 highest and $44 lowest target. $74.06’s average target is 3.70% above currents $71.42 stock price. Carmax Inc had 49 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 3. The stock has “Underperform” rating by Wolfe Research on Thursday, March 17. RBC Capital Markets maintained the shares of KMX in report on Friday, September 22 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Friday, October 27. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, December 15. The firm earned “Hold” rating on Tuesday, August 25 by Zacks. The rating was maintained by RBC Capital Markets on Friday, April 7 with “Sector Perform”. Oppenheimer maintained the shares of KMX in report on Friday, August 25 with “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, December 21 report. The company was maintained on Friday, April 7 by Susquehanna.

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