CarMax, Inc. (NYSE:KMX) Shares Acquired by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC grew its stake in CarMax, Inc. (NYSE:KMX) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 219,602 shares of the company’s stock after purchasing an additional 6,038 shares during the quarter. Clifford Swan Investment Counsel LLC owned approximately 0.14% of CarMax worth $17,955,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Lakewood Asset Management LLC lifted its stake in shares of CarMax by 0.6% in the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after acquiring an additional 135 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of CarMax by 4.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after acquiring an additional 141 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of CarMax by 3.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after acquiring an additional 141 shares during the period. Timber Creek Capital Management LLC lifted its stake in shares of CarMax by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock worth $4,709,000 after acquiring an additional 145 shares during the period. Finally, Chemistry Wealth Management LLC lifted its stake in shares of CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after acquiring an additional 164 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KMX. JPMorgan Chase & Co. upped their price target on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Royal Bank of Canada increased their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Truist Financial increased their target price on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC increased their target price on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $90.91.

CarMax Stock Up 1.2 %

Shares of NYSE:KMX opened at $82.95 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. The company has a market cap of $12.76 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.67 and a beta of 1.72. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The firm has a 50 day simple moving average of $83.27 and a 200 day simple moving average of $80.37.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, research analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

Insider Activity at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $983,292.26. This represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is owned by corporate insiders.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.