Carmax Incorporated (NYSE:KMX) Reports Decline in Sellers; Strong Momentum for Longs

January 23, 2018 - By Winifred Garcia

 Carmax Incorporated (NYSE:KMX) Reports Decline in Sellers; Strong Momentum for Longs

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.01, from 0.91 in 2017Q2. It dropped, 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.
Conning Inc has invested 0.01% of its portfolio in CarMax Inc. (NYSE:KMX). Moreover, Group One Trading Limited Partnership has 0.03% invested in CarMax Inc. (NYSE:KMX) for 42,029 shares. Suntrust Banks Inc holds 0.01% in CarMax Inc. (NYSE:KMX) or 16,712 shares. Sun Life Fincl Incorporated has invested 0.01% of its portfolio in CarMax Inc. (NYSE:KMX). Kanawha Management Lc accumulated 16,022 shares or 0.19% of the stock. 4,025 are held by Pineno Levin & Ford Asset. Brandywine Glob Investment Lc holds 0.08% of its portfolio in CarMax Inc. (NYSE:KMX) for 162,434 shares. Wells Fargo Mn holds 973,213 shares or 0.02% of its portfolio. Liberty Mutual Group Asset Inc has 8,274 shares. Employees Retirement Of Texas reported 0.01% of its portfolio in CarMax Inc. (NYSE:KMX). Moore Capital Management Lp reported 0.29% of its portfolio in CarMax Inc. (NYSE:KMX). First Tru Advsrs Limited Partnership owns 0.04% invested in CarMax Inc. (NYSE:KMX) for 202,413 shares. Moreover, Prudential Finance has 0.03% invested in CarMax Inc. (NYSE:KMX). Ws Mgmt Lllp stated it has 2% in CarMax Inc. (NYSE:KMX). Salem Investment Counselors Inc reported 400 shares.

Since September 1, 2017, it had 1 buy, and 17 insider sales for $46.26 million activity. Nash William D sold $7.42 million worth of CarMax Inc. (NYSE:KMX) on Tuesday, September 26. $1.89 million worth of CarMax Inc. (NYSE:KMX) was sold by Hill Edwin J on Thursday, October 12. Shares for $608,240 were sold by FOLLIARD THOMAS J. 1,300 shares valued at $98,930 were sold by Shamim Mohammad on Wednesday, October 4. On Friday, December 29 the insider GRAFTON W ROBERT bought $2,280. Shares for $3.72 million were sold by Daniels Jon G.

The stock of Carmax Incorporated (NYSE:KMX) registered a decrease of 8.29% in short interest. KMX’s total short interest was 11.25M shares in January as published by FINRA. Its down 8.29% from 12.26 million shares, reported previously. With 2.58 million shares average volume, it will take short sellers 4 days to cover their KMX’s short positions. The short interest to Carmax Incorporated’s float is 6.41%.

The stock increased 1.29% or $0.91 during the last trading session, reaching $71.49. About 1.77M shares traded. CarMax Inc. (NYSE:KMX) has risen 26.17% since January 23, 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 $13.04 billion. The firm operates in two divisions, CarMax Sales Operations and CarMax Auto Finance. It has a 19.13 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.

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 had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Wedbush on Thursday, August 18. The firm earned “Buy” rating on Friday, December 22 by Wedbush. The stock of CarMax Inc. (NYSE:KMX) has “Neutral” rating given on Friday, March 11 by Northcoast. Wedbush maintained it with “Buy” rating and $81.0 target in Monday, September 25 report. The rating was maintained by Oppenheimer on Monday, June 19 with “Buy”. Oppenheimer maintained CarMax Inc. (NYSE:KMX) on Friday, August 25 with “Buy” rating. The company was maintained on Tuesday, March 29 by Morgan Stanley. Credit Suisse upgraded the shares of KMX in report on Thursday, December 21 to “Buy” rating. Wolfe Research downgraded the shares of KMX in report on Thursday, March 17 to “Underperform” rating. The firm earned “Neutral” rating on Tuesday, January 19 by Wedbush.

More news for CarMax Inc. (NYSE:KMX) were recently published by: Benzinga.com, which released: “CarMax Shares May Be Idling At An Attractive Entry Point” on January 08, 2018. Benzinga.com‘s article titled: “Oppenheimer Upgrades CarMax, Says Used Car Sales, Tax Savings Support Bullish Move” and published on January 18, 2018 is yet another important article.

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