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Insider Sale Insider Sale March 1, 2024

Zarcone Dominick P sold ~$10M in LKQ Corporation stock

LKQ Corporation (LKQ)  ·  President and CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-18.3%

vs SPY +2.2%

LKQ price after insider trade by Zarcone Dominick P

Insider

Zarcone Dominick P

Role

President and CEO

Transaction

Open-Market Sale

Approx. Value

~$10M

Trade Date

Mar 1, 2024

Company

LKQ Corporation

Ticker

LKQ

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$10M sale

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

President and CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

-18.3% in 90 days (S&P 500: +2.2%)

This trade underperformed the S&P 500 by 20.6 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

ZD

How good is Zarcone Dominick P at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On March 1, 2024, Zarcone Dominick P — President and CEO of LKQ Corporation — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$10M in LKQ Corporation (LKQ) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, LKQ returned -18.3% versus +2.2% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$10M
Insider role President and CEO
90-day return -18.3%
vs S&P 500 -20.6%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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