Director Michael E. Maroone sells 30,928 shares of CVNA for $12,381,668.16 at blended avg $400.34
Michael E. Maroone, a director at Carvana, executed 2 separate sales totaling 30,928 shares for $12,381,668.16 on 2025-12-03, reducing his holdings by 17.7%. The transaction occurred at a blended average price of $400.34, substantially higher than the current price of $79.77—a 79.1% gap that reflects a dramatic recent deterioration in CVNA's valuation. Maroone's prior trades at this ticker show a 5-of-5 pattern of well-timed sales: all prior CVNA dispositions posted negative 90-day returns, with his 2025-05-09 sales averaging -74.1% and his 2024-05-09 sale reaching -78.1% over 90 days. The stock has risen 28.8% over the past 30 days and 8.1% over 90 days, yet remains 79.1% below his transaction price, underscoring the timing context. This sell occurred when the company posted $5.6B revenue with 26.9% annual growth and $151.0M net income (P/E 46.38), suggesting fundamentals alone do not explain the price collapse. The combination of a substantial reduction in holdings by a director with a flawless 5-of-5 record of prior sales preceding extended declines warrants close investor attention.