Insider trade

Director sold ~$806K of CVNA shares in the open market

Traded Nov 4, 2025 · Filed Nov 5, 2025

CarvanaCVNA

~$806K
Reported value · 2,500 sh @ $322.20: 42K
Holds after · shares reported: +2.8%
stock since the trade · S&P 500 +14.8%, $61.958 → $63.72 on Oct 5

Why it stands out

A board member of Carvana sold $806K of Carvana shares. Nobody planned it ahead of time.

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: Nov 4, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 5, 2025

Director$500K–$1M

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$805,500

Shares × reported transaction price

Timing vs results

6 days after results of Oct 29, 2025, 106 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 $61.958 on Nov 4, 2025, 91% above its 52-week low and 22% below its high, after an 18% drop over the previous 30 trading days

52-week range $32.514 (Apr 4, 2025) to $79.082 (Oct 1, 2025), 63% of the way up, from 250 adjusted closes. 30 trading days earlier: $75.62 on Sep 23, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+6.0%	+0.9%	+5.1%
30 days	+29.1%	+1.2%	+27.9%
90 days	+32.5%	+1.8%	+30.8%
180 days	+21.6%	+6.0%	+15.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0001027030-25-000003
Filed / recorded: Nov 5, 2025, 3:56 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: Gregory B Sullivan
Relationship: Director
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 4, 2025
Transaction code: S
Shares / units: 2,500
Price per share: $322.20
Acquired / disposed: Disposed (D)
Shares owned after: 41,928
Ownership form: Direct
Amendment: No

Footnotes from the filing

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 $321.83 to $322.26, inclusive.

Around the same time

10mo ago

31KShares · @ $15.00

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

Director sold ~$11.8M of Carvana

Scheduled in advance10mo ago

Director sold ~$542K of Carvana

Scheduled in advance10mo ago