Comgest Global Investors Sas Has Lifted Carmax (KMX) Stake; Lowes Cos (Put) (LOW) Holder Bank Of America Lowered Its Position by $138.64 Million as Share Price Declined

April 20, 2018 - By Nellie Frank

CarMax Inc. (NYSE:KMX) Logo

Comgest Global Investors Sas increased its stake in Carmax Inc (KMX) by 58.3% based on its latest 2017Q4 regulatory filing with the SEC. Comgest Global Investors Sas bought 30,900 shares as the company’s stock declined 8.40% with the market. The institutional investor held 83,900 shares of the automotive aftermarket company at the end of 2017Q4, valued at $5.38 million, up from 53,000 at the end of the previous reported quarter. Comgest Global Investors Sas who had been investing in Carmax Inc for a number of months, seems to be bullish on the $10.98 billion market cap company. The stock decreased 2.37% or $1.485 during the last trading session, reaching $61.085. About 1.15 million shares traded. CarMax Inc. (NYSE:KMX) has risen 1.49% since April 20, 2017 and is uptrending. It has underperformed by 10.06% the S&P500.

Bank Of America Corp decreased its stake in Lowes Cos Inc (Put) (LOW) by 88.1% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of America Corp sold 1.51 million shares as the company’s stock declined 5.74% with the market. The institutional investor held 203,500 shares of the consumer services company at the end of 2017Q4, valued at $18.91M, down from 1.71M at the end of the previous reported quarter. Bank Of America Corp who had been investing in Lowes Cos Inc (Put) for a number of months, seems to be less bullish one the $69.03B market cap company. The stock decreased 1.51% or $1.285 during the last trading session, reaching $83.595. About 5.55M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since April 20, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on May, 23. They expect $1.29 earnings per share, up 25.24% or $0.26 from last year’s $1.03 per share. LOW’s profit will be $1.07 billion for 16.20 P/E if the $1.29 EPS becomes a reality. After $0.74 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 74.32% EPS growth.

Bank Of America Corp, which manages about $597.43 billion US Long portfolio, upped its stake in Deutsche Bank Ag (Put) (NYSE:DB) by 2.25M shares to 5.06M shares, valued at $96.22 million in 2017Q4, according to the filing. It also increased its holding in Bank New York Mellon Corp (Put) (NYSE:BK) by 31,000 shares in the quarter, for a total of 79,200 shares, and has risen its stake in Legg Mason Etf Investment Tr.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.03, from 1.04 in 2017Q3. It is negative, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. 1.11 million were accumulated by Fiera Cap. Virtu Fin Ltd Company holds 19,322 shares or 0.1% of its portfolio. Tower Bridge, a Pennsylvania-based fund reported 37,423 shares. Sigma Inv Counselors Inc accumulated 46,454 shares. Nikko Asset Americas stated it has 1,900 shares or 0% of all its holdings. Pennsylvania Trust, a Pennsylvania-based fund reported 14,969 shares. Riverpoint Capital Lc holds 1.25% or 222,274 shares. Amer Century owns 2.31M shares. Amundi Pioneer Asset Mgmt stated it has 0.5% in Lowe's Companies, Inc. (NYSE:LOW). Family Firm accumulated 2,277 shares. Evermay Wealth Limited Com owns 2,924 shares for 0.1% of their portfolio. Putnam Investments Limited Liability holds 0.28% or 1.35M shares. Cibc Asset Mngmt has 80,766 shares for 0.05% of their portfolio. Virginia-based Management Corp Va has invested 2.57% in Lowe's Companies, Inc. (NYSE:LOW). North Star Asset reported 112,692 shares.

Among 35 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 22 have Buy rating, 0 Sell and 13 Hold. Therefore 63% are positive. Lowe’s Companies Inc. had 97 analyst reports since August 19, 2015 according to SRatingsIntel. As per Friday, March 2, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Friday, December 22 by Stifel Nicolaus. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by RBC Capital Markets on Wednesday, August 23. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, January 2. The rating was maintained by Wedbush on Thursday, March 1 with “Hold”. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Overweight” rating given on Thursday, August 24 by Morgan Stanley. RBC Capital Markets maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $81.0 target. The firm has “Buy” rating given on Thursday, November 23 by UBS. RBC Capital Markets maintained it with “Buy” rating and $84.0 target in Tuesday, November 7 report. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, January 24 report.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.14, from 0.9 in 2017Q3. It improved, as 39 investors sold KMX shares while 152 reduced holdings. 64 funds opened positions while 134 raised stakes. 174.62 million shares or 7.20% less from 188.17 million shares in 2017Q3 were reported. Twin Tree Mgmt LP holds 0% or 127 shares. Pecaut accumulated 5,000 shares or 0.24% of the stock. Wellington Mngmt Grp Llp owns 4.31M shares or 0.06% of their US portfolio. New Mexico Educational Retirement Board invested in 17,630 shares or 0.04% of the stock. Cornerstone Advisors Inc accumulated 2,490 shares. First Allied Advisory Ser owns 14,635 shares. Greenleaf Trust accumulated 263 shares. Pnc Serv Group Inc Inc reported 211,418 shares or 0.01% of all its holdings. Commerzbank Aktiengesellschaft Fi invested 0% in CarMax Inc. (NYSE:KMX). Advisor Prns stated it has 0.05% of its portfolio in CarMax Inc. (NYSE:KMX). Grandfield Dodd Ltd Company invested in 6,051 shares. Long Road Investment Counsel Limited Liability Corporation invested in 3.91% or 88,100 shares. Federated Incorporated Pa, a Pennsylvania-based fund reported 3,636 shares. Assetmark holds 0% or 128 shares. Tradition Cap Management Ltd stated it has 0.4% in CarMax Inc. (NYSE:KMX).

Among 18 analysts covering Carmax Inc (NYSE:KMX), 9 have Buy rating, 2 Sell and 7 Hold. Therefore 50% are positive. Carmax Inc had 65 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Wolfe Research given on Thursday, March 17. On Tuesday, December 15 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained it with “Buy” rating and $83.0 target in Friday, September 22 report. The rating was downgraded by Oppenheimer on Wednesday, September 23 to “Perform”. Wedbush maintained CarMax Inc. (NYSE:KMX) on Monday, September 25 with “Buy” rating. Wedbush maintained the stock with “Neutral” rating in Wednesday, January 18 report. The firm has “Buy” rating by Buckingham Research given on Friday, November 13. The rating was maintained by Oppenheimer with “Buy” on Monday, June 19. The stock of CarMax Inc. (NYSE:KMX) earned “Perform” rating by Oppenheimer on Thursday, October 5. Goldman Sachs downgraded CarMax Inc. (NYSE:KMX) on Monday, September 25 to “Hold” rating.

Comgest Global Investors Sas, which manages about $4.60B US Long portfolio, decreased its stake in Vipshop Hldgs Ltd (NYSE:VIPS) by 11.56 million shares to 13.39 million shares, valued at $156.89 million in 2017Q4, according to the filing. It also reduced its holding in Omnicom Group Inc (NYSE:OMC) by 5,300 shares in the quarter, leaving it with 120,600 shares, and cut its stake in Alphabet Inc.

Since December 15, 2017, it had 2 buys, and 8 sales for $7.07 million activity. 5,000 CarMax Inc. (NYSE:KMX) shares with value of $310,600 were bought by Bensen Peter J. Newberry Darren C sold $478,064 worth of CarMax Inc. (NYSE:KMX) on Tuesday, January 16. MARGOLIN ERIC M sold $1.44M worth of stock. GOODMAN SHIRA sold $217,767 worth of stock. Another trade for 35 shares valued at $2,280 was made by GRAFTON W ROBERT on Friday, December 29.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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