Insider Selling in CarMax (KMX) Shares Continues

Wednesday, October 04, 2017 10:15 PM ET

Insider Selling in CarMax (KMX) Shares Continues

One insider — William R Tiefel, Director — today, disposed of 23,000 shares of CarMax having a market value of approximately $1,756,970, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 24,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 47,000 shares and have averaged 23,500 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at CarMax is less than the 4-company peer group average. New Car Dealers peer group saw 16 buy/sell trades during this period for an average of 4.0 transactions per company. However, the number of shares per buy/sell trade for CarMax is higher. Within the peer group there were 0 shares purchased and 274,780 shares sold with company insiders selling 17,174 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to compose and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

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