CVNA CARVANA CO. Insider Trading

COO Benjamin E. Huston sells 50,000 shares at $70.39 avg for $3.5M under 10b5-1 plan; stock down 34.6% from 52-week high.

Benjamin E. Huston, Chief Operating Officer of Carvana, executed 3 separate sales totaling 50,000 shares for $3,519,605.98 on 2026-06-01, reducing non-derivative holdings to 515,769 shares. This sale is scheduled under a 10b5-1 trading plan adopted 2024-12-13, meaning it was pre-arranged and not discretionary. The stock has declined 34.6% from its 52-week high of $97.38 and is trading 15.5% lower over the past 30 days. Huston's cross-ticker track record shows avg 90-day returns of -82.9% following his prior 20 sells across all tickers; his prior 5 sales at Carvana similarly delivered avg 90-day returns of -81.0% to -83.5%. However, derivative holdings of 1,442,565 stock options remain, and the scheduled nature of this trade precludes attribution to discretionary conviction signals. The combination of a substantial sale by the COO, deep underwater valuation (P/E 6.23, revenue growth +48.6%), and the insider's consistent pattern of selling ahead of subsequent weakness warrants investor attention to the company's medium-term trajectory.

CVNA CFO sells 63.8K shares ($4.5M) via scheduled 10b5-1 plan; stock down 34.6% from 52-week high, 15.5% in 30 days

Mark W. Jenkins, CFO of Carvana Co., executed 3 separate sales totaling 63,750 shares for $4,487,762.96 on 2026-06-01 under a pre-arranged 10b5-1 trading plan adopted 2024-08-05. The stock traded at blended average price $70.40 against current price $63.65 (-34.6% from 52-week high $97.38) and has declined 15.5% in the past 30 days and 3.9% over 90 days. Jenkins retains 1,036,594 non-derivative shares post-transaction while holding 901,560 shares through derivative securities (stock options), indicating a material but partial reduction of direct ownership. His prior trades at Carvana show consistently negative 30- and 90-day returns (ranging -81.0% to -81.7% and -83.0% to -83.5%), establishing a pattern of unfavorable exit timing across all 5 same-ticker transactions. The scheduled nature of this 10b5-1 trade removes discretion from timing, but the cumulative context—significant recent price deterioration, sustained negative outcomes from prior same-ticker sales, and substantial remaining derivative holdings—suggests underlying operational or market headwinds warrant investor scrutiny.