Kalmar Investments Inc De Lowers stake in CarMax Inc (KMX)

CarMax Inc (KMX) : Kalmar Investments Inc De reduced its stake in CarMax Inc by 32.67% during the most recent quarter end. The investment management company now holds a total of 554,055 shares of CarMax Inc which is valued at $29.7 Million after selling 268,880 shares in CarMax Inc , the firm said in a disclosure report filed with the SEC on May 27, 2016.CarMax Inc makes up approximately 1.19% of Kalmar Investments Inc De’s portfolio.

Other Hedge Funds, Including , Babson Capital Management sold out all of its stake in KMX during the most recent quarter. The investment firm sold 9,700 shares of KMX which is valued $511,481. Point72 Asia (hong Kong) Ltd added KMX to its portfolio by purchasing 1,574 company shares during the most recent quarter which is valued at $82,997. CarMax Inc makes up approx 0.16% of Point72 Asia (hong Kong) Ltd’s portfolio. Hitchwood Capital Management Lp sold out all of its stake in KMX during the most recent quarter. The investment firm sold 300,000 shares of KMX which is valued $15.8 Million.Northwestern Mutual Investment Management Company reduced its stake in KMX by selling 24,924 shares or 76.93% in the most recent quarter. The Hedge Fund company now holds 7,474 shares of KMX which is valued at $394,104. CarMax Inc makes up approx 0.01% of Northwestern Mutual Investment Management Company’s portfolio.Public Sector Pension Investment Board reduced its stake in KMX by selling 20,000 shares or 38.67% in the most recent quarter. The Hedge Fund company now holds 31,723 shares of KMX which is valued at $1.6 Million. CarMax Inc makes up approx 0.02% of Public Sector Pension Investment Board’s portfolio.

CarMax Inc opened for trading at $51.92 and hit $53.5 on the upside on Tuesday, eventually ending the session at $52.96, with a gain of 2.00% or 1.04 points. The heightened volatility saw the trading volume jump to 30,61,606 shares. Company has a market cap of $10,265 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.

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