Clifford Swan Investment Counsel LLC Raises Stock Position in CarMax, Inc. $KMX

Clifford Swan Investment Counsel LLC grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,598 shares of the company’s stock after purchasing an additional 69,636 shares during the period. Clifford Swan Investment Counsel LLC owned about 0.21% of CarMax worth $11,615,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of CarMax during the second quarter worth approximately $28,000. MUFG Securities EMEA plc purchased a new stake in shares of CarMax during the second quarter worth approximately $30,000. Center for Financial Planning Inc. purchased a new stake in shares of CarMax during the third quarter worth approximately $31,000. Finally, Advisory Services Network LLC purchased a new stake in shares of CarMax during the third quarter worth approximately $32,000.

CarMax Stock Performance

Shares of KMX opened at $46.96 on Friday. The stock has a 50 day moving average price of $40.89 and a 200 day moving average price of $41.56. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 earnings per share. Research analysts predict that CarMax, Inc. will post 2.3 EPS for the current fiscal year.

Analysts Set New Price Targets

KMX has been the topic of a number of recent research reports. Robert W. Baird upped their target price on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Argus upgraded shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. Stephens upped their target price on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 2nd. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of CarMax from $28.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $41.27.

CarMax 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.