Carmax Inc (NYSE:KMX) Moves On Moffett Nathanson Initiating Coverage of Shares

Angelo Anderson
December 8, 2017

Municipal Employees Retirement System of MI now owns 10,710 shares of the company's stock worth $676,000 after purchasing an additional 4,580 shares during the last quarter. Kanawha Capital Management Ltd Liability stated it has 15,872 shares. Carmax Inc now has $12.89B valuation. The company had a trading volume of 3,143,649 shares, compared to its average volume of 2,226,023. Its share price has risen 2.45% in three months and is up 4.18% for the last five trades. (NYSE:KMX) for 672,115 shares. It has outperformed by 9.47% the S&P500. Geode Capital Ltd Liability Company invested in 1.76 million shares. Following the completion of the transaction, the director now owns 447,572 shares in the company, valued at approximately $30,757,147.84. Conocophillips (NYSE:COP) was reduced too. BlackRock Inc. increased its holdings in CarMax by 0.5% during the 2nd quarter. Its up 0.18, from 0.73 in 2017Q1.

Schwab Charles Investment Management Inc. boosted its stake in shares of CarMax Inc (NYSE:KMX) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. (NYSE:KMX) for 39,771 shares.

More notable recent CarMax Inc. (NYSE:KMX). Credit Agricole S A reported 31,694 shares. Dnb Asset As holds 0% of its portfolio in CarMax Inc. Fdx holds 0.07% of its portfolio in CarMax Inc. (NYSE:KMX) for 51,200 shares.

Receive News & Ratings for CarMax Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax Inc and related companies with's FREE daily email newsletter. CarMax has more than 24,000 associates nationwide and for 13 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work ForĀ®. (NYSE:KMX). Chicago Equity Ptnrs Ltd invested 0.01% in CarMax Inc. Raymond James Financial Services Advisors Inc. boosted its position in CarMax by 1.5% in the third quarter. (NYSE:KMX). London Of Virginia stated it has 3.24M shares. Andra Ap has 4,300 shares for 0.01% of their portfolio. Pathstone Family Office Lc holds 543 shares or 0.01% of its portfolio. Therefore 29% are positive. The firm's quarterly revenue was up 9.7% on a year-over-year basis. equities research analysts forecast that CarMax Inc will post 3.84 earnings per share for the current fiscal year.

CarMax income to assets deteriorated significantly from 2016 to 2017in this situation CarMax unable to generate returns with respect to its deployed capital. Buckingham Research lifted their target price on CarMax from $66.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, September 25th. The rating was maintained by Oppenheimer on Monday, September 21 with "Outperform". Morgan Stanley downgraded CarMax from an "equal weight" rating to an "underweight" rating and set a $48.00 target price for the a research report on Wednesday, February 1st. Deutsche Bank upgraded CarMax Inc.

In related news, SVP Diane L. Cafritz sold 5,671 shares of the stock in a transaction on Wednesday, September 27th. As per Friday, March 11, the company rating was downgraded by Northcoast. The firm has "Neutral" rating given on Thursday, June 22 by Susquehanna. Robert W. Baird maintained CarMax Inc. Investors who are keeping close eye on the stock of DTE Energy Company (NYSE:DTE) established that the company was able to keep return on investment at 3.33 in the trailing twelve month while Reuters data showed that industry's average stands at 5.17 and sector's optimum level is 4.27. As per Friday, August 26, the company rating was initiated by Susquehanna. UBS cut CarMax from an "outperform" rating to a "market perform" rating in a report on Thursday, October 5th. The company was maintained on Thursday, August 3 by RBC Capital Markets.

Philadelphia Trust Co holds 0.73% of its portfolio in Donegal Group Inc. for 541,423 shares. Dorsey Whitney Tru Lc owns 0.07% invested in CarMax Inc. State Street Corp now owns 7,987,810 shares of the company's stock worth $514,329,000 after buying an additional 270,592 shares in the last quarter. The Illinois-based Ativo Capital Management Llc has invested 0.23% in the stock. The fund owned 15,212 shares of the company's stock after buying an additional 1,484 shares during the period.

The stock increased 0.28% or $0.05 during the last trading session, reaching $17.62.

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