Clifford Swan Investment Counsel LLC Sells 5,216 Shares of CarMax, Inc. (NYSE:KMX)

Clifford Swan Investment Counsel LLC trimmed its position in shares of CarMax, Inc. (NYSE:KMX) by 2.5% in the second quarter, Holdings Channel reports. The fund owned 202,682 shares of the company’s stock after selling 5,216 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in CarMax were worth $14,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Baker Tilly Wealth Management LLC increased its position in CarMax by 4.6% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after buying an additional 130 shares during the period. GAMMA Investing LLC increased its position in CarMax by 6.5% during the first quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock worth $188,000 after acquiring an additional 131 shares during the period. Peoples Bank KS increased its position in CarMax by 10.0% during the second quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock worth $108,000 after acquiring an additional 135 shares during the period. Allegheny Financial Group LTD raised its stake in CarMax by 4.1% during the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after purchasing an additional 143 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in CarMax by 8.3% in the 4th quarter. Spire Wealth Management now owns 1,908 shares of the company’s stock valued at $146,000 after purchasing an additional 147 shares during the period.

CarMax Trading Down 1.9 %

KMX opened at $79.38 on Monday. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The stock has a market capitalization of $12.39 billion, a PE ratio of 31.01, a PEG ratio of 1.62 and a beta of 1.69. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The firm has a 50-day moving average price of $79.60 and a two-hundred day moving average price of $76.42.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter last year, the business posted $1.16 earnings per share. CarMax’s revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Needham & Company LLC cut their price objective on shares of CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Royal Bank of Canada upped their target price on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 24th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price target on shares of CarMax in a research note on Friday, June 21st. Finally, Argus raised shares of CarMax to a “hold” rating in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.25.

Insider Activity

In related news, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Mohammad Shamim sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,243 shares of company stock valued at $14,893,042. Company insiders own 1.66% of the company’s stock.

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.