Hawkins Capital adds CarMax Inc (KMX) to its portfolio

CarMax Inc (KMX) : Hawkins Capital added new position in CarMax Inc during the most recent quarter end. The investment management firm now holds 103,492 shares of CarMax Inc which is valued at $6,163,984 , the company said in a statement filed on Aug 15, 2016 with the SEC.CarMax Inc makes up approximately 1.91% of Hawkins Capital’s portfolio.

Other Hedge Funds, Including , Clough Capital Partners L P sold out all of its stake in KMX during the most recent quarter. The investment firm sold 252,100 shares of KMX which is valued $15,015,076.Greystone Managed Investments reduced its stake in KMX by selling 10,620 shares or 8.26% in the most recent quarter. The Hedge Fund company now holds 117,880 shares of KMX which is valued at $6,917,198. CarMax Inc makes up approx 0.27% of Greystone Managed Investments’s portfolio.Shell Asset Management Co boosted its stake in KMX in the latest quarter, The investment management firm added 3,064 additional shares and now holds a total of 14,342 shares of CarMax Inc which is valued at $838,146. CarMax Inc makes up approx 0.02% of Shell Asset Management Co’s portfolio.Louisiana State Employees Retirement System reduced its stake in KMX by selling 400 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 12,700 shares of KMX which is valued at $742,188. CarMax Inc makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.

CarMax Inc opened for trading at $59.03 and hit $59.48 on the upside on Thursday, eventually ending the session at $59.01, with a gain of 0.10% or 0.06 points. The heightened volatility saw the trading volume jump to 11,39,066 shares. Company has a market cap of $11,299 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.

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