Nash William D

CEO Nash sells 120,513 shares for $10.0M; reduces stake 39.9%. Track record: 75% well-timed on 90-day basis.

Nash William D, President & CEO of CarMax, executed 2 separate sales on 2024-12-23, disposing of 120,513 shares (120.5K shares) at a blended average price of $83.24 for $10,030,952.51 total, reducing his holdings from 302,196 to 181,683 shares. The magnitude is substantial: a 39.9% reduction in post-transaction holdings. His cross-ticker track record shows a 90-day well-timed rate of 75.00%, and at CarMax specifically, 3 of 4 prior sells exhibited negative 90-day returns, indicating a pattern of selling before subsequent declines. CarMax's annual revenue growth is -10.6%, the P/E is 31.66, and the stock is currently -2.3% from its 52-week high of $87.20, trading at $85.17. The timing and scale of this divestiture warrant investor attention alongside the company's revenue contraction.

CarMax CEO Nash sells 120,000 KMX shares ($9.6M) at $79.62; retains 181,683 shares post-sale.

Nash William D, President & CEO of CarMax, sold 120,000 shares at $79.62 on 2024-07-11, representing a 39.8% reduction in his holdings from 301,683 to 181,683 shares. The sale occurred as KMX was trading 7.1% below its 52-week high of $87.11 and roughly 31% above its 52-week low, amid a company experiencing -10.6% annual revenue contraction and trading at a 31.37 P/E. His prior three sales at KMX showed mixed timing: two of three were well-timed at the 90-day mark, though his cross-ticker track record of 3 prior sells averaged -4.8% returns over 90 days with a 66.67% well-timed rate. This substantial reduction in CEO holdings warrants review of the underlying business drivers and near-term guidance, given the concurrent revenue decline and elevated valuation multiple.