Monday, September 18, 2017 10:15 PM ET
CarMax (KMX) Insider Makes Significant Share Sale
An insider sold 16,000 shares of CarMax having a market value of approximately $1,094,160 today, as indicated in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
Over the last 90 days, the number of insider buy/sell trades at CarMax is lower than its 4-company peer group average. However, shares per average transaction for CarMax insider buy-sell trading in near that of the New Car Dealers peer group of companies. Within this peer group there were 0 shares purchased and 140,069 shares sold resulting in an average of 15,563 shares traded and netting out with company insiders disposing of 15,563 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in composing and writing this story.
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