Carmax INC (KMX) Position Has Increased by Ruane Cunniff & Goldfarb Inc

July 17, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.07, from 0.86 in 2016Q3. It dived, as 53 investors sold KMX shares while 169 reduced holdings. 65 funds opened positions while 110 raised stakes. 198.07 million shares or 0.32% less from 198.70 million shares in 2016Q3 were reported. Employees Retirement Systems Of Texas has invested 0.01% in CarMax, Inc (NYSE:KMX). 40,000 are held by Diker Limited Liability Corporation. Eaton Vance Management reported 5,464 shares or 0% of all its holdings. 19,097 were reported by Kbc Grp Nv. Redmond Asset Mgmt Ltd Liability Com holds 1.93% in CarMax, Inc (NYSE:KMX) or 64,952 shares. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.08% in CarMax, Inc (NYSE:KMX). Trust Of Virginia Va reported 12,037 shares. State Of Tennessee Treasury Department accumulated 118,959 shares. Gemmer Asset Mngmt Limited Liability holds 90 shares or 0% of its portfolio. United Cap Advisers Limited Co accumulated 90,264 shares. Allianz Asset Management Ag owns 0% invested in CarMax, Inc (NYSE:KMX) for 37,464 shares. 57,300 were accumulated by Laurion Capital Mgmt Limited Partnership. Moreover, Pension Service has 0.08% invested in CarMax, Inc (NYSE:KMX) for 189,554 shares. Nj State Employees Deferred Compensation Plan invested in 0.19% or 15,000 shares. Brown Advisory stated it has 0.78% in CarMax, Inc (NYSE:KMX).

Since January 26, 2017, it had 0 insider purchases, and 2 selling transactions for $1.79 million activity. Wood William C Jr. also sold $410,887 worth of CarMax, Inc (NYSE:KMX) shares. Daniels Jon G had sold 20,000 shares worth $1.37 million on Thursday, January 26.

Ruane Cunniff & Goldfarb Inc increased its stake in Carmax Inc (KMX) by 66.62% based on its latest 2016Q4 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc bought 4.02M shares as the company’s stock declined 3.39% while stock markets rallied. The institutional investor held 10.05 million shares of the automotive aftermarket company at the end of 2016Q4, valued at $647.27 million, up from 6.03M 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 $11.81 billion market cap company. The stock rose 0.99% or $0.64 reaching $65.06 per share. About 792,913 shares traded. CarMax, Inc (NYSE:KMX) has risen 26.17% since July 17, 2016 and is uptrending. It has outperformed by 9.47% the S&P500.

Ruane Cunniff & Goldfarb Inc, which manages about $26.52B and $10.64B US Long portfolio, decreased its stake in Tiffany & Co New (NYSE:TIF) by 100,884 shares to 2.06M shares, valued at $159.60 million in 2016Q4, according to the filing. It also reduced its holding in Schwab Charles Corp New (NYSE:SCHW) by 411,230 shares in the quarter, leaving it with 8.43M shares, and cut its stake in Alphabet Inc.

More notable recent CarMax, Inc (NYSE:KMX) news were published by: Nasdaq.com which released: “CarMax (KMX) Beats on Q1 Earnings & Revenue Estimates” on June 21, 2017, also Fool.com with their article: “What Investors Should Know About CarMax Inc” published on June 28, 2017, Fool.com published: “3 Big Takeaways From CarMax Inc.’s First-Quarter Results” on June 23, 2017. More interesting news about CarMax, Inc (NYSE:KMX) were released by: Nasdaq.com and their article: “CarMax Inc. Q1 Earnings Advance 21%” published on June 21, 2017 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Wednesday: Carmax, Inc (KMX), Adobe Systems Incorporated …” with publication date: June 21, 2017.

CarMax, Inc (NYSE:KMX) Ratings Coverage

Among 13 analysts covering Carmax Inc (NYSE:KMX), 7 have Buy rating, 2 Sell and 4 Hold. Therefore 54% are positive. Carmax Inc had 37 analyst reports since August 3, 2015 according to SRatingsIntel. IBC maintained the stock with “Buy” rating in Friday, April 7 report. RBC Capital Markets maintained the shares of KMX in report on Friday, April 7 with “Sector Perform” rating. On Tuesday, March 29 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Deutsche Bank maintained CarMax, Inc (NYSE:KMX) rating on Friday, April 8. Deutsche Bank has “Hold” rating and $67 target. The stock has “Hold” rating by Zacks on Tuesday, August 25. The rating was downgraded by Northcoast on Friday, March 11 to “Neutral”. The firm earned “Outperform” rating on Monday, September 21 by Oppenheimer. The firm has “Outperform” rating by Oppenheimer given on Tuesday, January 12. On Friday, April 7 the stock rating was maintained by Susquehanna with “Positive”. As per Thursday, June 22, the company rating was downgraded by Susquehanna.

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