KMX - Witnessing An Insider Decision Enrique MayorMora Exercises Options Valued At $206K At CarMax | Benzinga
Disclosed in a recent SEC filing on July 17, MayorMora, EVP & CFO at CarMax (NYSE:KMX), made a noteworthy transaction involving the exercise of company stock options.
What Happened: MayorMora, EVP & CFO at CarMax, made a strategic move by exercising stock options for 11,150 shares of KMX as detailed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $206,051.
The Thursday morning market activity shows CarMax shares down by 1.66%, trading at $81.52. This implies a total value of $206,051 for MayorMora's 11,150 shares.
Discovering CarMax: A Closer Look
CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (79% in fiscal 2024 due to the chip shortage) and wholesale about 13% (19% in fiscal 2024), with the remaining portion composed of extended service plans and repair. In fiscal 2024, the company retailed and wholesaled 765,572, and 546,331 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share ...