Is CarMax (NYSE:KMX) Now a Sell? Find Out What Wolfe Research Thinks

October 2, 2018 - By whatsonthorold

CarMax, Inc. (NYSE:KMX) Logo

Investors sentiment increased to 1.03 in Q2 2018. Its up 0.14, from 0.89 in 2018Q1. It increased, as 31 investors sold CarMax, Inc. shares while 159 reduced holdings. 79 funds opened positions while 117 raised stakes. 165.02 million shares or 1.04% less from 166.76 million shares in 2018Q1 were reported.

Teacher Retirement Sys Of Texas stated it has 0.02% in CarMax, Inc. (NYSE:KMX). 571,841 were reported by Sumitomo Mitsui Trust Holdings. Akre Management Ltd Liability Co owns 4.84% invested in CarMax, Inc. (NYSE:KMX) for 5.25M shares. Thornburg Management invested in 0.2% or 352,245 shares. Commonwealth Of Pennsylvania School Empls Retrmt System holds 18,641 shares. Nomura Incorporated owns 3,691 shares. Budros Ruhlin Roe holds 0.44% or 21,689 shares in its portfolio. The New York-based Bnp Paribas Arbitrage has invested 0% in CarMax, Inc. (NYSE:KMX). Magnetar Limited Liability holds 12,225 shares. Serv Automobile Association invested in 0.14% or 877,107 shares. First Interstate Bank & Trust holds 0.02% or 1,398 shares. State Of Alaska Department Of Revenue holds 0.04% of its portfolio in CarMax, Inc. (NYSE:KMX) for 30,373 shares. Walleye Trading Limited Company reported 60,308 shares stake. Jane Street Gp Ltd Company invested 0.01% of its portfolio in CarMax, Inc. (NYSE:KMX). The Arizona-based Tci Wealth Advisors has invested 0.01% in CarMax, Inc. (NYSE:KMX).

Since April 6, 2018, it had 1 insider buy, and 18 sales for $61.34 million activity. Shares for $1.92M were sold by MARGOLIN ERIC M. 98,858 CarMax, Inc. (NYSE:KMX) shares with value of $7.32 million were sold by Reedy Thomas W JR. Shares for $645,477 were sold by Shamim Mohammad on Wednesday, June 27. 18,484 shares valued at $1.40M were sold by Daniels Jon G on Tuesday, June 26. On Friday, July 6 the insider Wilson Charles Joseph sold $451,763. 50,583 shares were sold by FOLLIARD THOMAS J, worth $3.07M.

How Wolfe Research Currently Rates CarMax (NYSE:KMX)

Analysts at Wolfe Research has initiated coverage for shares of CarMax (NYSE:KMX) in an analyst note issued to clients and investors on Tuesday morning. The financial company set a Peer Perform rating on the $12.87 billion market cap firm.

CarMax, Inc. (NYSE:KMX) Ratings Coverage

Among 8 analysts covering CarMax (NYSE:KMX), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. CarMax has $90 highest and $63 lowest target. $79.29’s average target is 7.99% above currents $73.425 stock price. CarMax had 13 analyst reports since April 5, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, June 25 by Guggenheim. Deutsche Bank maintained CarMax, Inc. (NYSE:KMX) rating on Thursday, April 5. Deutsche Bank has “Hold” rating and $63 target. The stock has “Outperform” rating by Robert W. Baird on Thursday, September 27. Credit Suisse maintained CarMax, Inc. (NYSE:KMX) on Friday, April 6 with “Outperform” rating. The stock has “Neutral” rating by Robert W. Baird on Monday, June 25. The rating was maintained by RBC Capital Markets on Wednesday, April 4 with “Buy”. The firm earned “Buy” rating on Thursday, April 5 by Buckingham Research. The stock of CarMax, Inc. (NYSE:KMX) earned “Buy” rating by Credit Suisse on Monday, June 25. Morgan Stanley upgraded CarMax, Inc. (NYSE:KMX) on Tuesday, July 10 to “Overweight” rating. Wedbush maintained CarMax, Inc. (NYSE:KMX) on Monday, June 25 with “Buy” rating.

The stock decreased 0.36% or $0.265 during the last trading session, reaching $73.425. About 325,340 shares traded. CarMax, Inc. (NYSE:KMX) has risen 18.04% since October 2, 2017 and is uptrending. It has outperformed by 2.42% 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 $12.87 billion. The firm operates in two divisions, CarMax Sales Operations and CarMax Auto Finance. It has a 19.39 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 news for CarMax, Inc. (NYSE:KMX) were recently published by: Seekingalpha.com, which released: “Car Max beat Q2 estimates” on September 26, 2018. Fool.com‘s article titled: “3 Must-See Quotes From CarMax’s Earnings Call” and published on September 30, 2018 is yet another important article.

CarMax, Inc. (NYSE:KMX) Institutional Positions Chart

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