CARMAX INC

Insider Buying Week 07-03-26

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Last week’s insider buying activity featured several notable purchases across a diverse mix of industries, with the strongest conviction shown by executives and directors committing meaningful personal capital. Adobe (ADBE) led this week’s insider buying, as director David Ricks purchased nearly $2 million of stock, reflecting confidence in the software leader’s dominant subscription-based business and AI-driven growth strategy. A purchase of this size from a sitting board member is exactly the kind of conviction-driven insider buying we look for each week. Nexstar Media (NXST) CEO Perry Sook invested almost $2 million, reinforcing management’s belief in the company’s strong cash generation … Read more

Insider Buying Week 07-3-26 Bubble and Blackout

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Last week delivered two important messages for investors. First, the market continues to show remarkable resilience despite persistent concerns, suggesting buyers remain firmly in control. Second, cracks are beginning to appear in the AI infrastructure trade, with semiconductor stocks displaying increasing volatility as the SOXX Index swings sharply from optimism to uncertainty. While the AI story remains compelling over the long term, leadership may be broadening beyond the market’s biggest winners. This is often where disciplined investors find new opportunities. One area worth watching is insider buying. Recent purchases by directors and executives at companies including Cencora (COR), CarMax (KMX), … Read more

Bank Execs Picking over the Carcasses Insider Buying Picks Up-Week 3-17-23

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Insiders are the ultimate value buyer.  It’s rare they buy at the top of the price chart but instead prefer to plumb the depths for the prize.  They are buying the banks you never heard of while depositors are fleeing to the banks Barrons is touting this weekend.  Spend some time just looking at these neat charts generously supplied by Finviz   Last week we saw a marked pick-up in insider buying. The Insiders Fund Not So Daily Digest will attempt to chronicle all of the notable ones although we might not have time to provide as in-depth research and … Read more

Federal Reserve Chairman Powell is a Dangerous man

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I wrote to clients in the February update that  Federal Reserve Chairman Powell is a dangerous fellow.  Last week he proved that causing a run on the banking system.  Ironically if the creation of a new Bank Term Funding Program (BTFP)had been in place the week before, Silicon Valley Bank might have avoided failure and bankruptcy. Powell’s rapid hike in interest rates as a cure for the supply-side inflation shock is likely to be as successful as the ancient but now discredited medical practice of bleeding the patient. If Powell was the CEO of a public company, activist shareholders would … Read more

Insider Buying Week 1-6-23 When does the Bear Market End?

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All bear markets end with a crescendo of insider buying. There are a few ways to predict this pivotal event. The most reliable I have found, the ratio of insider buying to selling, can be found at popular subscription services such as secform4.com.  I’ve included a few charts from the site to help illustrate this phenomenon of insider buying foretelling the end of the bear market. I wouldn’t expect too much buying at the moment, though, as we’re deep in the throes of the 4th quarter earnings blackout when insiders are restricted from taking advantage of these reduced prices.   But … Read more

"The insomniac hedge fund guy" is a moniker Harvey Sax, the portfolio manager for The Insiders Fund has used from time to time on email, blog , and social media posts. While Mr. Sax is the portfolio manager of The Insiders Fund, these posts are not communications from, nor endorsed by, Alpha Wealth Funds, LLC or any of its managed funds. References to Alpha Wealth Funds or its affiliates are for identification only and do not imply sponsorship or approval. All registered trademarks herein are the property of their respective owners.

© 2026 Insomniac Hedge Fund Guy

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