Greenbrier Partners Capital Management Exits Position in CarMax Inc (KMX)

CarMax Inc (KMX) : Greenbrier Partners Capital Management has sold out all of its stake in CarMax Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 150,000 shares of CarMax Inc which is valued at $8,430,000.

Other Hedge Funds, Including , Royal London Asset Management Ltd reduced its stake in KMX by selling 8,071 shares or 11.03% in the most recent quarter. The Hedge Fund company now holds 65,129 shares of KMX which is valued at $3,660,250. CarMax Inc makes up approx 0.06% of Royal London Asset Management Ltd’s portfolio. Herndon Capital Management added KMX to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $1,049.Verus Financial Partners boosted its stake in KMX in the latest quarter, The investment management firm added 396 additional shares and now holds a total of 47,826 shares of CarMax Inc which is valued at $2,652,908. CarMax Inc makes up approx 1.17% of Verus Financial Partners’s portfolio.

CarMax Inc closed down -0.17 points or -0.29% at $58.68 with 13,23,159 shares getting traded on Monday. Post opening the session at $58.79, the shares hit an intraday low of $58.3401 and an intraday high of $58.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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.

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