CVNA CLUSTER SEC Filing Analysis

Latest settled — T+20d

CVNA ▼ -81.35% at T+20d

NEUTRAL call ✗ call lost -81.35% · α vs SPY -86.63% · entry $380.68 → $71.00

Next anchor: T+60d in 7w

Currently $69.61 · -81.71% from $380.68 entry

Entry anchored
Apr 30, 03:59 PM ET
via Databento tick

T+1d

-1.10%

call -1.10% · α -0.76%

$376.50

settled 6w ago

T+5d

-78.98%

call -78.98% · α -81.33%

$80.00

settled 5w ago

T+20d

-81.35%

call -81.35% · α -86.63%

$71.00

settled 12d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Ernest C. Garcia II, a 10% owner, sold 2 million shares for $136.1M on May 1, 2026, representing 0.16% of Carvana's $86.7B market cap. COO Benjamin Huston also sold a small open-market position of $224K. The cluster is dominated by the Garcia sale, which is significant in absolute terms but modest relative to the company's massive market capitalization.

Key Financial Metrics

Direction

selling

Total Value

$136.3M

Insiders

2

Actionable Insight

The Garcia sale is large in absolute terms but only 0.16% of market cap — below the 0.5% threshold for material concern. The stock is up ~19% in the last week and ~26% in the last month, so this appears to be routine portfolio diversification at elevated prices. Monitor for any acceleration of insider selling above 0.5% of market cap in the next 30 days.

Key Facts

Ernest C. Garcia II (10% owner) sold 2,000,000 shares at $68.06 for $136.1M on May 1, 2026
COO Benjamin Huston sold 591 shares at $378.78 for $224K on May 1, 2026
Total open-market selling: $136.34M, representing 0.16% of $86.7B market cap
Multiple insiders also had non-cash transactions (grants, tax withholdings, derivative exercises) totaling $0 in economic value
Prior 30-day insider activity showed 3 sells totaling $136.7M, consistent with this pattern

Financial Impact

Open-market sales of $136.34M, or 0.16% of market cap

insider ownershipfloat

Risk Factors

Insider selling at elevated stock price could signal peak valuation sentiment
Garcia II as a 10% owner has disproportionate influence — continued selling could pressure stock

Market Snapshot

Exchange

NYSE

Sector

Retail-Auto Dealers & Gasoline Stations

Analyst Consensus

72% bullish (32 analysts)

Documents Analyzed

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

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-CVNA-1777676508274

17 reports for CVNA

T+1T+5T+20T+60

100% Hit rate 4 of 4 directional calls best @ T+20▲ +81.35%May 1, 2026

Filters

Reports for CVNA — sortable, filterable
	Type				Now
Jun 9, 2026 today	Insider Cluster NEUTRAL ★ 2/10	$69.66 awaiting T+1	awaiting T+1	—	$69.61 (−0.07%)
Jun 8, 2026 1d ago	144 NEUTRAL ★ 2/10	$69.45 awaiting T+1	awaiting T+1	—	$69.61 (+0.23%)
Jun 4, 2026 5d ago	Insider Cluster NEUTRAL ★ 4/10	$65.99 awaiting T+1	awaiting T+1	—	$69.61 (+5.49%)
Jun 3, 2026 6d ago	Insider Cluster NEUTRAL ★ 3/10	$66.19 $66.51	▲ +0.48%	▲ +3.08%	$69.61 (+5.17%)
May 6, 2026 4w ago	8-K NEUTRAL ★ 2/10	$80.00 $77.94	▼ −2.58%	▼ −3.41%	$69.61 (−12.99%)
May 1, 2026 5w ago	144 BEARISH ★ 7/10	$376.50 $388.07	▼ −3.07%	▼ −2.28%	$69.61 (+81.51%)
May 1, 2026 5w ago	Insider Cluster BEARISH ★ 6/10	$380.68 $376.50	▲ +1.10%	▲ +0.76%	$69.61 (+81.71%)
May 1, 2026 5w ago	Insider Cluster BEARISH ★ 5/10	$77.88 $80.00	▼ −2.73%	▼ −3.06%	$69.61 (+10.61%)
May 1, 2026 5w ago	Insider Cluster NEUTRAL ★ 4/10	$380.68 $376.50	▼ −1.10%	▼ −0.76%	$69.61 (−81.71%)
Apr 8, 2026 8w ago	144 NEUTRAL ★ 3/10	$326.79 $335.84	▲ +2.77%	▲ +2.83%	$69.61 (−78.70%)

US Market Status

Market Closed — Opens Thu (9h 48m)

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