Darden Restaurants Inc. (DRI) Registers Insider Buying, Cluster of Selling at Costco and 3 Other Companies with Insider Selling

Manufacturer of Agricultural and Industrial Machinery Has More Insiders Unload Shares

Alamo Group Inc. (NYSE:ALG) has seen three different executives offload shares so far in July, so let’s have a look at the most recent insider selling. Geoffrey Davies, Vice President and Managing Director of Alamo Group Europe Ltd, sold 5,000 shares on Friday at a price tag of $65.87 each, cutting his ownership to 17,500 shares.

The market leader in agricultural and industrial machinery has seen its market capitalization jump by 24% since the start of 2016. The company’s net sales for the first quarter of 2016 increased by 1.5% year-on-year to $210.97 million, mainly due to improved sales of its industrial products. Meanwhile, Alamo Group Inc. (NYSE:ALG)’s bottom line spiked by 17.7% year-over-year to $8.66 million, reflecting improved sales in the company’s industrial division, as well as continued improvement in efficiencies and lower material costs. James A. Star’s Longview Asset Management reported owning 1.70 million shares of Alamo Group Inc. (NYSE:ALG) in its 13F for the March quarter.

Used-Car Dealer Registers Insider Selling Amid Slowing Top-Line Growth

CarMax Inc. (NYSE:KMX) has seen two insiders jettison shares in the past several trading sessions, one of whom sold freshly-exercised stock options. Eric M. Margolin, Executive Vice President, General Counsel and Corporate Secretary, sold 2,000 shares on Monday for $52.95 each, cutting his stake to 32,303 shares. Mr. Margolin sold an additional 2,000 shares on Thursday at $50.75 apiece.

The shares of the well-known used-car dealer are up 1% so far in 2016. CarMax Inc. (NYSE:KMX) has been facing slowing growth in sales due to temporary weakness in used-car pricing, as lower gas prices and a constantly tightening jobs markets led to higher sales of new cars. In late June, the company reported net sales and operating revenues of $4.13 billion for its first quarter that ended March 31, up 2.8% year-on-year. CarMax’s comparable unit sales at is used-car stores increased a mere 0.2% year-over-year. Charles Akre’s Akre Capital Management was the owner of 4.32 million shares of CarMax Inc. (NYSE:KMX) at the end of the first quarter.

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