CarMax Inc (KMX) : Avenir Corp scooped up 26,153 additional shares in CarMax Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,272,510 shares of CarMax Inc which is valued at $75,790,696.CarMax Inc makes up approximately 5.94% of Avenir Corp’s portfolio.
Other Hedge Funds, Including , Akre Capital Management boosted its stake in KMX in the latest quarter, The investment management firm added 639,945 additional shares and now holds a total of 4,958,266 shares of CarMax Inc which is valued at $295,314,323. CarMax Inc makes up approx 5.58% of Akre Capital Management’s portfolio.Logan Capital Management Inc reduced its stake in KMX by selling 4,526 shares or 27.17% in the most recent quarter. The Hedge Fund company now holds 12,132 shares of KMX which is valued at $722,582. CarMax Inc makes up approx 0.06% of Logan Capital Management Inc’s portfolio.Public Sector Pension Investment Board boosted its stake in KMX in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 36,723 shares of CarMax Inc which is valued at $2,187,222. CarMax Inc makes up approx 0.03% of Public Sector Pension Investment Board’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in KMX by selling 65,003 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 4,933,256 shares of KMX which is valued at $293,824,727. CarMax Inc makes up approx 0.05% of Blackrock Institutional Trust Company N.a.’s portfolio.First Manhattan Co boosted its stake in KMX in the latest quarter, The investment management firm added 458 additional shares and now holds a total of 146,269 shares of CarMax Inc which is valued at $8,113,541. CarMax Inc makes up approx 0.05% of First Manhattan Co’s portfolio.
CarMax Inc opened for trading at $58.7 and hit $59.69 on the upside on Monday, eventually ending the session at $59.48, with a gain of 1.33% or 0.78 points. The heightened volatility saw the trading volume jump to 10,39,443 shares. Company has a market cap of $11,389 M.
On the company’s financial health, CarMax Inc reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jun 21, 2016. Analyst had a consensus of $0.92. The company had revenue of $4126.40 million for the quarter, compared to analysts expectations of $4203.38 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Many Wall Street Analysts have commented on CarMax Inc. Susquehanna Initiated CarMax Inc on Aug 26, 2016 to “Positive”, Price Target of the shares are set at $70.Company shares were Reiterated by Wedbush on Aug 18, 2016 to “Neutral”, Firm has raised the Price Target to $ 55 from a previous price target of $44 .
CarMax Inc. (CarMax) is a holding company engaged in providing used vehicles and related products and services. The Company operates through two business segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations excluding financing provided by CAF. The CarMax Sales Operations segment sells used vehicles purchases used vehicles from customers and other sources sells related products and services and arranges financing options for customers. The Company’s CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. The CAF products and services include retail merchandising wholesale auctions extended protection plans (EPPs) reconditioning and service and customer credit.