CarMax Inc (KMX) : Riverpark Capital Management scooped up 60,439 additional shares in CarMax Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 169,685 shares of CarMax Inc which is valued at $8,553,821.CarMax Inc makes up approximately 5.05% of Riverpark Capital Management’s portfolio.
Other Hedge Funds, Including , Gagnon Securities boosted its stake in KMX in the latest quarter, The investment management firm added 5,476 additional shares and now holds a total of 24,777 shares of CarMax Inc which is valued at $1,249,009. CarMax Inc makes up approx 0.62% of Gagnon Securities’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in KMX in the latest quarter, The investment management firm added 1,287 additional shares and now holds a total of 6,590 shares of CarMax Inc which is valued at $348,941. CarMax Inc makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.Conning reduced its stake in KMX by selling 10 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 4,909 shares of KMX which is valued at $259,932. CarMax Inc makes up approx 0.01% of Conning’s portfolio.American Research Management reduced its stake in KMX by selling 200 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 600 shares of KMX which is valued at $31,770. CarMax Inc makes up approx 0.01% of American Research Management’s portfolio.First Manhattan Co boosted its stake in KMX in the latest quarter, The investment management firm added 10,583 additional shares and now holds a total of 145,811 shares of CarMax Inc which is valued at $7,760,061. CarMax Inc makes up approx 0.05% of First Manhattan Co’s portfolio.
CarMax Inc opened for trading at $51.44 and hit $52.8 on the upside on Tuesday, eventually ending the session at $52.5, with a gain of 2.48% or 1.27 points. The heightened volatility saw the trading volume jump to 16,86,508 shares. Company has a market cap of $10,176 M.
On the company’s financial health, CarMax Inc reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 7, 2016. Analyst had a consensus of $0.71. The company had revenue of $3705.00 million for the quarter, compared to analysts expectations of $3681.66 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on CarMax Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $53 .CarMax Inc was Downgraded by Sterne Agee CRT to ” Neutral” on Mar 28, 2016. CarMax Inc was Downgraded by Northcoast to ” Neutral” on Mar 11, 2016.
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.