Clifford Swan Investment Counsel LLC Decreases Stake in CarMax, Inc. (NYSE:KMX)

Clifford Swan Investment Counsel LLC reduced its stake in CarMax, Inc. (NYSE:KMX) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 207,891 shares of the company’s stock after selling 3,266 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in CarMax were worth $15,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Czech National Bank lifted its position in shares of CarMax by 0.5% during the 4th quarter. Czech National Bank now owns 27,789 shares of the company’s stock valued at $2,133,000 after buying an additional 138 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CarMax by 0.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company’s stock valued at $1,782,000 after buying an additional 157 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of CarMax by 1.9% during the 4th quarter. Fifth Third Bancorp now owns 8,749 shares of the company’s stock valued at $671,000 after buying an additional 164 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in shares of CarMax by 3.8% during the 4th quarter. Equitable Trust Co. now owns 5,461 shares of the company’s stock valued at $419,000 after buying an additional 199 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KMX shares. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of CarMax in a research report on Tuesday, April 16th. Mizuho decreased their price objective on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. StockNews.com upgraded CarMax to a “sell” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. reduced their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Finally, Bank of America lifted their price target on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average target price of $77.42.

CarMax Trading Up 1.0 %

Shares of NYSE:KMX traded up $0.67 during midday trading on Friday, reaching $68.71. 1,860,154 shares of the company’s stock were exchanged, compared to its average volume of 3,032,100. The firm’s 50 day simple moving average is $77.62 and its two-hundred day simple moving average is $72.11. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.15 and a beta of 1.64. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company’s stock.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.