Seven Bridges Advisors buys $2,372,196 stake in CarMax Inc (KMX)

CarMax Inc (KMX) : Seven Bridges Advisors scooped up 6,478 additional shares in CarMax Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 40,592 shares of CarMax Inc which is valued at $2,372,196.CarMax Inc makes up approximately 1.96% of Seven Bridges Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in KMX by selling 621 shares or 17.44% in the most recent quarter. The Hedge Fund company now holds 2,939 shares of KMX which is valued at $171,755. CarMax Inc makes up approx 0.01% of Msi Financial Services Inc’s portfolio. Simplex Trading sold out all of its stake in KMX during the most recent quarter. The investment firm sold 7,560 shares of KMX which is valued $423,662.Patten Patten Inctn boosted its stake in KMX in the latest quarter, The investment management firm added 8,125 additional shares and now holds a total of 64,744 shares of CarMax Inc which is valued at $3,410,066. CarMax Inc makes up approx 0.47% of Patten Patten Inctn’s portfolio.

CarMax Inc closed down -0.09 points or -0.15% at $58.26 with 19,04,036 shares getting traded on Friday. Post opening the session at $58.33, the shares hit an intraday low of $57.72 and an intraday high of $58.48 and the price fluctuated in this range throughout the day.Shares ended Friday 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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