CVNA CARVANA CO.

NEUTRAL Impact: 3/10 Insider Cluster (7 insiders)
Horizon immediate Filed Apr 1, 2026 Processed 2mo ago
Insider cluster: 2 insiders, $353K total
Latest settled — T+20d
CVNA ▲ +27.21% at T+20d
NEUTRAL call ✓ call won +27.21% · α vs SPY +17.49% · entry $311.76 → $396.59
Next anchor: T+60d in 16d
Last close $69.45 (close Jun 8) · -77.72% from $311.76 entry
Entry anchored
Mar 31, 04:49 PM ET
via Databento tick
T+1d
+0.70%
call +0.70% · α +0.62%
$313.95
settled 2mo ago
T+5d
+4.87%
call +4.87% · α +1.10%
$326.93
settled 2mo ago
T+20d
+27.21%
call +27.21% · α +17.49%
$396.59
settled 6w ago
T+60d
call — · α —
in 16d

Price Chart

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Executive Summary

Carvana Co. insiders executed a cluster of 15 transactions over 7 days, primarily involving tax-related share withholdings and derivative exercises. Only two open-market sales occurred, totaling $377K, while the majority of activity was non-cash. The scale is small relative to Carvana's $68.8B market cap.

Key Financial Metrics

Direction
selling
Total Value
$376.7K
Insiders
7

Actionable Insight

The activity is largely administrative (RSU vesting/tax settlement) with minimal open-market selling. No signal of distress or confidence. Traders should ignore this cluster absent larger trends or fundamental changes.

Key Facts

  • CFO Mark Jenkins sold 200 shares for $59,168 and exercised derivatives for 20,000 shares (net $100,700).
  • COO Benjamin Huston and CEO Ernest Garcia III each surrendered over 4,500 shares for tax withholding, valued at ~$1.4M each.
  • VP of Accounting Stephen Palmer sold 1,000 shares for $317,500 — the largest open-market sale in the cluster.
  • Total open-market sales: $377K (Palmer and Huston); all other transactions were non-cash (A, F, M).
  • Cluster value represents just 0.0005% of Carvana's $68.8B market cap — well below materiality threshold.

Financial Impact

$377K in open-market selling, $5.5M in tax withholding (non-cash). No dilution or direct financial impact.

insider ownershipshare count (minor)

Risk Factors

  • Misinterpretation of tax withholding events as insider selling, creating false bearish narrative.
  • Potential for short-term sentiment pressure if media misreports scale of insider activity.

Market Snapshot

Exchange
NYSE
Sector
Retail-Auto Dealers & Gasoline Stations

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-CVNA-1775248155065
17 reports for CVNA
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+20▲ +81.35%May 1, 2026
Filters
Rows
Reports for CVNA — sortable, filterable
Type Now
Jun 9, 2026
today
Insider Cluster
NEUTRAL ★ 2/10
$69.66 awaiting T+1awaiting T+1$69.45 (−0.30%)
Jun 8, 2026
1d ago
144
NEUTRAL ★ 2/10
$69.45 awaiting T+1awaiting T+1$69.45 (−0.00%)
Jun 4, 2026
5d ago
Insider Cluster
NEUTRAL ★ 4/10
$65.99 awaiting T+1awaiting T+1$69.45 (+5.24%)
Jun 3, 2026
6d ago
Insider Cluster
NEUTRAL ★ 3/10
$66.19 $66.51▲ +0.48%▲ +3.08%$69.45 (+4.93%)
May 6, 2026
4w ago
8-K
NEUTRAL ★ 2/10
$80.00 $77.94▼ −2.58%▼ −3.41%$69.45 (−13.19%)
May 1, 2026
5w ago
144
BEARISH ★ 7/10
$376.50 $388.07▼ −3.07%▼ −2.28%$69.45 (+81.55%)
May 1, 2026
5w ago
Insider Cluster
BEARISH ★ 6/10
$380.68 $376.50▲ +1.10%▲ +0.76%$69.45 (+81.76%)
May 1, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$77.88 $80.00▼ −2.73%▼ −3.06%$69.45 (+10.82%)
May 1, 2026
5w ago
Insider Cluster
NEUTRAL ★ 4/10
$380.68 $376.50▼ −1.10%▼ −0.76%$69.45 (−81.76%)
Apr 8, 2026
8w ago
144
NEUTRAL ★ 3/10
$326.79 $335.84▲ +2.77%▲ +2.83%$69.45 (−78.75%)
Showing 10 of 17

US Market Status

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