AN Stock: Insider Activity, Filings & Research
Drillr aggregates AI research, SEC filings, earnings signals and alt-data for AN. 4 published articles.
Insider Activity
Over the past 90 days, AN experienced one open-market insider sale and no purchases, generating net insider selling of $512.3K. SVP & CAO Kimberly Dees sold $512.3K on 2026-05-07. The insider sentiment score stands at 0/100, with no cluster buying activity observed. The stock declined 2% over the three-month period, while institutional investors have been distributing shares according to 13F filings.
Updated Jun 4, 2026 · based on SEC Form 4 filings · not investment advice
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 7, 2026 | DEES KIMBERLYofficer: SVP & CAO | Sell | 2,500 | $204.91 |
| Jan 30, 2026 | CAMPLONE GIANLUCAofficer: COO, AN Parts & EVP, Bus Dev | Grant | 16,742 | — |
| Jan 30, 2026 | Szlosek Thomas Aofficer: EVP & CFO | Tax | 4,841 | $215.93 |
| Jan 30, 2026 | PARENT JEFFofficer: COO | Tax | 1,006 | $215.93 |
| Jan 30, 2026 | Szlosek Thomas Aofficer: EVP & CFO | Grant | 12,234 | — |
| Jan 30, 2026 | DEES KIMBERLYofficer: SVP & CAO | Grant | 3,346 | — |
| Jan 30, 2026 | PARENT JEFFofficer: COO | Grant | 2,485 | — |
| Jan 30, 2026 | CAMPLONE GIANLUCAofficer: COO, AN Parts & EVP, Bus Dev | Tax | 6,617 | $215.93 |
| Jan 30, 2026 | DEES KIMBERLYofficer: SVP & CAO | Tax | 1,354 | $215.93 |
| Jan 30, 2026 | EDMUNDS C COLEMANofficer: EVP, Gen Counsel & Corp Sec | Tax | 4,642 | $215.93 |
| Jan 30, 2026 | Manley Michael Markdirector, officer: CEO and Director | Grant | 60,277 | — |
| Jan 30, 2026 | Manley Michael Markdirector, officer: CEO and Director | Tax | 23,734 | $215.93 |
| Jan 30, 2026 | EDMUNDS C COLEMANofficer: EVP, Gen Counsel & Corp Sec | Grant | 11,719 | — |
| Jan 6, 2026 | Bennett Claire M.director | Grant | 1,210 | — |
| Jan 6, 2026 | Mikan George Lawrence IIIdirector | Grant | 1,210 | — |
Source: AN SEC Form 4 filings, latest May 7, 2026. For informational purposes only — not investment advice.
Research
Is CarMax's $150M SG&A target enough to close the margin gap with AutoNation and Lithia?
CarMax's $150M SG&A savings target would close the overhead efficiency gap with franchised peers like AutoNation and Lithia on a gross-profit-absorption basis, but would only narrow the operating margin gap by about one-third. The remaining shortfall stems from CarMax's structurally lower gross margins inherent to its pure used-car model.
KMXLADGPIWill CarMax's new CEO accelerate share buybacks given the stock is down 41% in 12 months?
CarMax has aggressively accelerated share buybacks from $94M in FY2024 to $589M through three quarters of FY2026, while the stock trades near book value at $42.50 after a 41% decline. With $1.74 billion in remaining authorization and strong free cash flow, the incoming permanent CEO will face a compelling valuation case for further acceleration, though elevated debt levels and operational turnaround needs may temper the pace.
KMXLADCan Starboard squeeze meaningful margin from CarMax's 2.5% EBIT margin without disrupting the omnichannel pivot?
Starboard Value has nominated two directors to CarMax's board, targeting the company's 2.5% EBIT margin that trails peers AutoNation (4.5%) and Lithia (4.1%) by 160-200 basis points. The activist's cost-cutting playbook faces a core tension: CarMax's $150M SG&A savings initiative may not close the margin gap, but deeper cuts risk undermining the omnichannel platform that differentiates the company from both franchise dealers and Carvana.
KMXCVNALADIf Starboard Wins Board Seats at CarMax, Which Operational Levers Gets Pulled First?
Starboard Value's proxy contest at CarMax targets a business where operating margins have compressed from 4.7% to 2.8%, ROIC sits at just 3.1% versus peers at 7-10%, and SG&A has ballooned to 8.6% of revenue. If Starboard wins board seats, the most immediate operational levers are SG&A reduction (estimated $300M+ opportunity), inventory velocity improvement, CarMax Auto Finance balance-sheet optimization, and potential store footprint rationalization. The peer comparison to AutoNation and Lithia Motors provides a clear benchmark for what disciplined capital allocation and cost control can achieve.
KMXLAD
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