Ruane Cunniff Goldfarb Inc adds CarMax Inc (KMX) to its portfolio

CarMax Inc (KMX) : Ruane Cunniff Goldfarb Inc added new position in CarMax Inc during the most recent quarter end. The investment management firm now holds 6,215,800 shares of CarMax Inc which is valued at $344,790,426 , the company said in a statement filed on Jul 15, 2016 with the SEC.CarMax Inc makes up approximately 3.18% of Ruane Cunniff Goldfarb Inc’s portfolio.

Other Hedge Funds, Including , Arcadia Investment Management Corpmi reduced its stake in KMX by selling 2,000 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 64,333 shares of KMX which is valued at $3,568,552. CarMax Inc makes up approx 1.13% of Arcadia Investment Management Corpmi’s portfolio.Kelman-lazarov reduced its stake in KMX by selling 400 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 14,450 shares of KMX which is valued at $801,542. CarMax Inc makes up approx 0.45% of Kelman-lazarov’s portfolio.Marathon Asset Management Llp boosted its stake in KMX in the latest quarter, The investment management firm added 8,978 additional shares and now holds a total of 492,312 shares of CarMax Inc which is valued at $27,308,547. CarMax Inc makes up approx 0.56% of Marathon Asset Management Llp’s portfolio.Cutler Group Lp reduced its stake in KMX by selling 12,083 shares or 61.39% in the most recent quarter. The Hedge Fund company now holds 7,600 shares of KMX which is valued at $414,960. CarMax Inc makes up approx 0.03% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in KMX in the latest quarter, The investment management firm added 5,538 additional shares and now holds a total of 37,824 shares of CarMax Inc which is valued at $1,992,190. CarMax Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

CarMax Inc opened for trading at $55.11 and hit $55.81 on the upside on Monday, eventually ending the session at $55.47, with a gain of 0.43% or 0.24 points. The heightened volatility saw the trading volume jump to 19,87,471 shares. Company has a market cap of $10,621 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.

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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