Clifford Swan Investment Counsel LLC Boosts Holdings in CarMax, Inc. $KMX

Clifford Swan Investment Counsel LLC lifted its holdings in CarMax, Inc. (NYSE:KMX) by 5.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,962 shares of the company’s stock after purchasing an additional 12,267 shares during the period. Clifford Swan Investment Counsel LLC owned approximately 0.16% of CarMax worth $10,363,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of CarMax in the second quarter worth $28,000. MUFG Securities EMEA plc purchased a new position in CarMax in the second quarter valued at $30,000. Center for Financial Planning Inc. purchased a new position in CarMax in the third quarter valued at $31,000. Strengthening Families & Communities LLC grew its stake in CarMax by 220.0% during the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in CarMax by 121.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 984 shares of the company’s stock worth $45,000 after purchasing an additional 539 shares during the period.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of analyst reports. William Blair downgraded CarMax from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Friday, January 9th. Truist Financial raised their price objective on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, December 18th. Robert W. Baird lifted their price objective on shares of CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of CarMax in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, CarMax presently has a consensus rating of “Reduce” and a consensus target price of $39.21.

CarMax Trading Up 2.0%

Shares of KMX stock opened at $42.89 on Friday. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $84.49. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. The business’s 50 day moving average is $43.68 and its two-hundred day moving average is $45.93. The company has a market capitalization of $6.08 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The firm had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. CarMax’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Equities analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

About CarMax

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.