Simplex Trading adds CarMax Inc (KMX) to its portfolio

CarMax Inc (KMX) : Simplex Trading added new position in CarMax Inc during the most recent quarter end. The investment management firm now holds 16,713 shares of CarMax Inc which is valued at $874,591 , the company said in a statement filed on Oct 7, 2016 with the SEC.CarMax Inc makes up approximately 0.11% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in KMX by selling 5,720 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 159,860 shares of KMX which is valued at $8,488,566. CarMax Inc makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants reduced its stake in KMX by selling 1,240 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 21,158 shares of KMX which is valued at $1,123,490. CarMax Inc makes up approx 0.35% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added KMX to its portfolio by purchasing 15 company shares during the most recent quarter which is valued at $797.Beacon Financial Group reduced its stake in KMX by selling 351 shares or 6.23% in the most recent quarter. The Hedge Fund company now holds 5,280 shares of KMX which is valued at $280,368. CarMax Inc makes up approx 0.06% of Beacon Financial Group’s portfolio.

CarMax Inc closed down -0.45 points or -0.85% at $52.33 with 18,00,514 shares getting traded on Friday. Post opening the session at $53.13, the shares hit an intraday low of $51.97 and an intraday high of $53.17 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 $0.88 EPS for the quarter, based on the information available during the earnings call on Sep 21, 2016. Analyst had a consensus estimate of $0.88. The company had revenue of $3997.20 million for the quarter, compared to analysts expectations of $4106.03 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on CarMax Inc. CarMax Inc was Downgraded by Buckingham Research to ” Neutral” on Sep 9, 2016. 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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