Carmax Inc (KMX) Stake Increased by Oppenheimer & Co Inc

Marco Green
November 15, 2017

According to Zacks, "The Zacks Consensus Estimate for CarMax's quarterly earnings has been going up of late". The company is also following an aggressive store expansion initiative to strengthen its presence and cater to a larger customer group. Shares of DXCM have downtrended -29.15% in the past three months, while the S&P 500 has moved -31.08% in that time.

Several other hedge funds have also made changes to their positions in the stock.

September 26 investment analysts at Susquehanna Bancshares held the stock rating at "Neutral" projecting a price of $75.00. Finally, Wedbush reiterated an "outperform" rating and issued a $77.00 price target (up previously from $73.00) on shares of CarMax in a research report on Wednesday, September 13th. Vetr raised CarMax from a "sell" rating to a "strong-buy" rating and set a $69.00 price objective for the company in a research report on Tuesday.

Shares of Tahoe Resources Inc.

As of quarter end Blair William & Co/il had disposed of a total of 9,347 shares trimming its holdings by 1.2%. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". RBC Capital Markets has "Buy" rating and $83.0 target.

The company is so far trading down since yesterday's close of 72.35. 1,336,600 shares of the stock traded hands, compared to its average volume of 1,166,396. P/E is a valuation ratio of a given company's current stock price as compared to its earnings. The stock has a market cap of $13,251.74, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52. CarMax has a 1-year low of $52.50 and a 1-year high of $77.64. The Georgia-based Advisory Services Net Limited Liability has invested 0% in CarMax, Inc (NYSE:KMX). The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter previous year, the business posted $0.88 EPS. On average, analysts forecast that CarMax Inc. will post $3.27 earnings per share for the current fiscal year. The correct version of this piece of content can be accessed at

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In other CarMax news, COO William C. Jr. Following the completion of the sale, the chief operating officer now owns 146,717 shares in the company, valued at approximately $10,792,502.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas W. Reedy, Jr. sold 75,675 shares of CarMax stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $76.10, for a total transaction of $98,930.00. The disclosure for this sale can be found here.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.6 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

It is useful for investors to take a look at what percentage of a company's shares outstanding are owned by institutional investors, specifically. The institutional investor bought 11,925 shares of the company's stock, valued at approximately $904,000. The value of the total investment in Carmax Inc went from $12,054,000 to $13,742,000 a change of 14.0% for the reporting period. Ltd. now owns 3,086 shares of the company's stock worth $151,000 after buying an additional 1,472 shares during the period. As of the end of the quarter Cannell Peter B & Co Inc had sold 9,876 shares trimming its stake by 5.2%. UBS Oconnor LLC acquired a new stake in CarMax during the 2nd quarter valued at $44,142,000. QS Investors LLC grew its holdings in CarMax by 1.0% during the 2nd quarter. Td Asset Management Inc trimmed its position by shedding 23,028 shares a decrease of 10.9% as of 09/30/2017. Its position was worth $67,032,000 an increase of 21.6% as of the end of the quarter. CarMax makes up 2.3% of Decatur Capital Management Inc.'s investment portfolio, making the stock its 9th largest holding. The Company is a retailer of used vehicles. Nexus Investment Management Inc who had been investing in Carmax Inc for a number of months, seems to be less bullish one the $12.99 billion market cap company.

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