Carmax Inc (KMX US, +1, 7-Oct-25)

Mark O’Neil (Non-Executive since Oct 2019) bought $500,000 of stock on October 2nd at $ 46.21, increasing his holding by 78%. This is only his second purchase. His previous buy was for $252,000 at $93.40 in September 2020, which was very well-timed with the shares increasing 44% over the following six months. He was previously CEO of Dealertrack where he never made a purchase. 

Mitchell Steenrod (Lead Independent Director since 2019, joined 2011) bought $91,000 of stock on the same day; this was only his second purchase since 2012. In April 2025 he bought $85,000 at $65.49, which was poorly timed, but it’s encouraging that he’s averaging down with another rare purchase. These are notable purchases after share price weakness since the company reported earnings on the 25th of September. 

We are ranking the stock +1 (strongly positive signal).

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