SVP Daniels sold 37,845 shares (37.8K) for $3.2M over two days; 97.4% reduction in holdings, yet maintains pattern of well-timed exits at KMX
Daniels Jon G executed 2 separate sales totaling 37,845 shares for $3,189,263.30 ($3.2M) at a blended average price of $84.27, reducing his KMX holdings from 38,840 shares to 995 shares (a -97.4% reduction). The sales occurred just below the 52-week high of $87.20 and were priced slightly below the current price of $85.17. His historical timing at this ticker is notable: all 3 prior sales at KMX showed negative 90-day returns (-1.6%, -1.8%, -5.1%), indicating he has consistently sold before subsequent declines. The fundamental backdrop shows KMX facing headwinds with annual revenue contraction of -10.6%, a P/E of 31.66, and flat 30-day performance (+0.1%), despite a stronger 90-day run (+10.2%). This near-complete exit warrants attention given his proven ability to time exits before weakness at this particular ticker.