Clifford Swan Investment Counsel LLC Sells 15,951 Shares of CarMax, Inc. $KMX

Clifford Swan Investment Counsel LLC trimmed its position in shares of CarMax, Inc. (NYSE:KMX) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 308,133 shares of the company’s stock after selling 15,951 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in CarMax were worth $16,297,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after acquiring an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares in the last quarter. Huntington National Bank lifted its holdings in shares of CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the last quarter. Ossiam lifted its holdings in shares of CarMax by 19.5% during the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of CarMax by 4.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 7,028 shares of the company’s stock worth $272,000 after purchasing an additional 298 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on KMX. Barclays raised CarMax from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $37.00 to $61.00 in a research report on Tuesday, July 21st. Truist Financial raised their price target on CarMax from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, June 18th. Royal Bank Of Canada boosted their price target on CarMax from $41.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Bank of America upped their price target on shares of CarMax from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Wednesday, June 17th. Finally, Zacks Research upgraded CarMax from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.00.

Insiders Place Their Bets

In other CarMax news, CEO Keith Barr purchased 9,400 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average cost of $53.01 per share, with a total value of $498,294.00. Following the completion of the purchase, the chief executive officer owned 33,375 shares in the company, valued at approximately $1,769,208.75. This represents a 39.21% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sona Chawla purchased 2,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the transaction, the director directly owned 21,702 shares of the company’s stock, valued at $1,158,669.78. The trade was a 10.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 13,900 shares of company stock valued at $735,574 in the last 90 days. 1.01% of the stock is owned by insiders.

CarMax Stock Performance

Shares of NYSE:KMX opened at $61.26 on Tuesday. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The business’s 50 day moving average price is $56.97 and its 200-day moving average price is $47.70. The firm has a market capitalization of $8.69 billion, a PE ratio of 40.04, a P/E/G ratio of 2.84 and a beta of 1.15. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $65.28.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.96 by $0.35. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The firm had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that CarMax, Inc. will post 2.73 earnings per share for the current fiscal year.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.