Multiple CarMax Inc (KMX) Executives Divest Holdings in September Trading Activity

CarMax Inc saw significant insider activity during late September 2017, with several company executives liquidating equity positions. The most prominent transaction involved President & CEO William D. Nash, who disposed of 100,522 KMX shares on September 26, 2017, with an average execution price of $73.85 per share, generating approximately $7.4 million in proceeds.

Executive Trading Details

CEO Transaction

William D. Nash’s share disposition on 09/26/2017 at $73.85 per share marked the largest single executive sale during this period. Notably, KMX stock subsequently appreciated by 2.82% following this transaction.

CFO and Senior Leadership Activity

Executive Vice President and Chief Financial Officer Thomas W Jr Reedy liquidated 75,675 shares on the same date at an average price of $73.42, with the stock advancing 3.42% thereafter. Meanwhile, COO William C Jr. Wood executed the largest volume trade, selling 201,701 shares at $73.56, seeing the stock climb 3.22% post-transaction.

Additional Officer Transactions

• EVP, General Counsel & Secretary Eric M Margolin divested 57,757 shares on 09/27/2017 at $74.53, followed by a 1.88% price increase
• SVP & Chief Human Resources Officer Diane L Cafritz sold 5,671 shares on 09/27/2017 at $73.95, with subsequent 2.68% gains
• SVP and Chief Information Officer Mohammad Shamim disposed of 20,253 shares on 09/26/2017 at $73.36, followed by a 3.5% appreciation
• SVP of Corporate Affairs Jon G Daniels liquidated 50,488 shares on 09/26/2017 at $73.68, with the stock gaining 3.05%

Company Fundamentals

CarMax Inc, the nation’s leading used and new vehicle retailer, demonstrated strong financial metrics at the time. The company maintained a market capitalization of $13.81 billion with shares trading near $75.93. The enterprise exhibited a price-to-earnings ratio of 20.87 and price-to-sales ratio of 0.85. Over the preceding decade, CarMax maintained an impressive annual average EBITDA growth rate of 18.90%, underscoring consistent operational expansion and profitability improvements within the automotive retail sector.

Market Context

The collective executive share sales, occurring during late September 2017, reflected routine portfolio rebalancing activities typical of mature automotive retail operations. The subsequent positive price momentum across multiple post-transaction periods suggested investor confidence in the company’s underlying business fundamentals and market position. William D. Nash’s strategic position as President & CEO underscored management’s continued involvement in capital allocation decisions during this period.