Clifford Swan Investment Counsel LLC Acquires 6,038 Shares of CarMax, Inc. (NYSE:KMX)

Clifford Swan Investment Counsel LLC raised its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 2.8% during the 4th 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 acquiring an additional 6,038 shares during the quarter. Clifford Swan Investment Counsel LLC owned approximately 0.14% of CarMax worth $17,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the 3rd quarter worth about $32,000. True Wealth Design LLC increased its stake in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock valued at $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP boosted its position in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company's stock worth $57,000 after buying an additional 353 shares during the last quarter.

Analyst Ratings Changes

KMX has been the subject of a number of recent research reports. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They set an "equal weight" rating and a $86.00 price objective for the company. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on shares of CarMax from $70.00 to $72.00 and gave the company an "underweight" rating in a research report on Friday, December 20th. Evercore ISI raised shares of CarMax from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. Finally, Royal Bank of Canada increased their price target on shares of CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $90.91.

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CarMax Stock Performance

NYSE:KMX traded down $2.10 during trading hours on Wednesday, reaching $79.05. The company had a trading volume of 3,063,030 shares, compared to its average volume of 1,859,877. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.67 and a beta of 1.72. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm's 50 day moving average price is $83.15 and its 200-day moving average price is $80.41. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. CarMax's revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Buying and Selling at CarMax

In related news, CEO William D. Nash sold 120,513 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the transaction, the chief executive officer now owns 181,683 shares of the company's stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tyler Tuite sold 4,869 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company's stock, valued at approximately $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 in the last three months. 1.66% of the stock is currently owned by company insiders.

CarMax Company Profile

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.