Insider trade

Director sold ~$542K of CVNA shares in the open market

Traded Dec 3, 2025 · Filed Dec 5, 2025

CarvanaCVNA

~$542K
Reported value · 1,352 sh @ $401.18: 144K
Holds after · shares reported: -20.2%
stock since the trade · S&P 500 +11.7%, $79.00 → $63.04 on Oct 1

Why it stands out

A board member of Carvana sold $542K of Carvana shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 3, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 5, 2025

Director$500K–$1MPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$542,395

Shares × reported transaction price

Timing vs results

35 days after results of Oct 29, 2025, 77 days before results of Feb 18, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $79.00 on Dec 3, 2025, within 1% of its 52-week high, after an 11% rise over the previous 30 trading days

52-week range $32.514 (Apr 4, 2025) to $79.082 (Oct 1, 2025), 100% of the way up, from 250 adjusted closes. 30 trading days earlier: $71.174 on Oct 21, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+14.0%	-0.6%	+14.6%
30 days	+7.6%	+0.3%	+7.3%
90 days	-17.2%	-0.6%	-16.5%
180 days	-20.4%	+10.0%	-30.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001088011-25-000003
Filed / recorded: Dec 5, 2025, 4:46 AM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CARVANA CO.
Issuer CIK: 1690820
Ticker: CVNA
Reporting person: Michael E Maroone
Relationship: Director
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 3, 2025
Transaction code: S
Shares / units: 1,352
Price per share: $401.18
Acquired / disposed: Disposed (D)
Shares owned after: 143,573
Ownership form: Direct
Amendment: No

Footnotes from the filing

The reported sale and option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 30, 2025.
The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
This transaction was executed in multiple trades at prices ranging from $401.02 to $401.32, inclusive.