Carvana insider makes monster suspicious CVNA stock trade

Carvana Director, Michael Maroone, sold a significant amount of Carvana (NYSE: CVNA) stock in the last week, per the latest insights from Finbold’s insider trading radar which picked up the SEC Form 4 filing.

In particular, the Director made four trades on May 9, selling a total of 9,000 CVNA shares on May 12. Maroone’s sales were executed at prices ranging from $270.12 to $276.89. In total, the transactions are valued at approximately $2,460,944.

So, what’s so suspicious about this Carvana stock sale? It wasn’t prearranged — on the same day, numerous other company insiders published their trades, but Maroone’s were the only ones not executed according to a 10b5-1 plan.

While an unscheduled sale might appear to be a bearish signal at first glance, this particular trade is, more likely than not, benign.

Carvana stock price analysis

At press time on May 13, Carvana stock was trading at $279, having surged by 7.25% in the past week after a strong double-beat in the company’s Q1 2025 earnings call, held on May 7.

The report marked Carvana’s fifth consecutive earnings per share (EPS) beat. Carvana’s winning streak started in Q1 2024 — and Q2 2024 was the last time the company’s EPS came in negative. Understandably, along the way, the company engendered the trust of Wall Street analysts.

As a used car business, Carvana actually benefited from Trump’s tariff policies — as consumers flocked to previously used vehicles as a more affordable option in view of high auto tariffs.

In fact, Carvana stock is up nearly 40% since the start of the year. Without a clear bearish catalyst in sight — and as none are currently apparent, the likeliest explanation is that Maroone simply took advantage of a favorable situation to lock in profits.

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