CarMax, Inc. $KMX Shares Acquired by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC grew its position in CarMax, Inc. (NYSE:KMX) by 30.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,598 shares of the company’s stock after acquiring an additional 69,636 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in CarMax were worth $11,615,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. State of Wyoming acquired a new stake in shares of CarMax in the fourth quarter valued at approximately $210,000. Cibc World Market Inc. boosted its holdings in shares of CarMax by 113.9% in the fourth quarter. Cibc World Market Inc. now owns 26,403 shares of the company’s stock valued at $1,020,000 after acquiring an additional 14,059 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of CarMax in the fourth quarter valued at approximately $870,000. Elgethun Capital Management acquired a new stake in shares of CarMax in the fourth quarter valued at approximately $469,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of CarMax by 15.8% in the fourth quarter. Bank of New York Mellon Corp now owns 849,499 shares of the company’s stock valued at $32,825,000 after acquiring an additional 115,729 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMX. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a report on Sunday, May 31st. Bank of America began coverage on CarMax in a report on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 price objective for the company. Barclays decreased their price objective on CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Thursday, April 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Finally, UBS Group assumed coverage on CarMax in a report on Wednesday, May 27th. They set a “neutral” rating and a $42.00 price target for the company. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CarMax has a consensus rating of “Reduce” and a consensus price target of $41.27.

CarMax Price Performance

Shares of NYSE KMX opened at $46.96 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.20 and a quick ratio of 0.49. The stock has a fifty day moving average price of $40.89 and a 200 day moving average price of $41.56. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99. The company has a market cap of $6.66 billion, a PE ratio of 29.35, a P/E/G ratio of 1.74 and a beta of 1.21.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Sell-side analysts forecast that CarMax, Inc. will post 2.3 EPS for the current 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.