Frank T. Nickell, 10% Owner at KAR Auction Services, Inc. (KAR), sold 6,341,219 shares at $18.48 ($117.2M) on 2013-03-12, disclosed to the SEC on 2013-03-14.
Open-market sale of $117.2M KAR by 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.