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Why Carvana (CVNA) Stock Is Down Today

Investivoq PriceTracker

Carvana Co. (CVNA) is down 7.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied to investors digesting a mixed third-quarter setup even after strong top-line growth. Carvana posted record revenue and retail unit sales, but profitability metrics such as gross profit per unit and adjusted EBITDA margin declined from a year earlier, while higher fuel costs and rising benchmark rates also weighed on unit economics. This could be because traders are taking profits after the recent post-earnings rally and reacting to a less favorable margin picture.

Details:

  • Carvana’s third-quarter shareholder letter showed retail units sold rose to a company record 217,385 and revenue climbed to a new high, signaling demand remained strong.
  • The same update also showed non-GAAP total gross profit per unit fell year over year, and adjusted EBITDA margin slipped to 10.0% from 11.3%.
  • Management said higher fuel prices and rapidly rising benchmark interest rates reduced overall unit economics by about $200 per unit in the quarter.
  • Recent post-earnings analyst notes highlighted the tougher macro backdrop, and SEC filings also showed scheduled insider selling in early November, which may have added pressure around the stock.

    • Sources:

    Carvana Investor Relations, SEC, Investing.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $CVNA Insider Trading Activity

    CVNA Insider Trades

    $CVNA insiders have traded $CVNA stock on the open market 80 times in the past 6 months. Of those trades, 2 have been purchases and 78 have been sales.

    Here’s a breakdown of recent trading of $CVNA stock by insiders over the last 6 months:

    • MARK W. JENKINS (Chief Financial Officer) has made 0 purchases and 24 sales selling 382,500 shares for an estimated $26,023,550.
    • DANIEL J. GILL (Chief Product Officer) sold 253,639 shares for an estimated $18,125,042
    • BENJAMIN E. HUSTON (Chief Operating Officer) has made 0 purchases and 15 sales selling 200,000 shares for an estimated $13,749,496.
    • IRA J. PLATT has made 0 purchases and 8 sales selling 104,640 shares for an estimated $7,642,229.
    • J DANFORTH QUAYLE has made 0 purchases and 3 sales selling 43,570 shares for an estimated $3,106,262.
    • STEPHEN R PALMER (Vice President of Accounting) has made 0 purchases and 23 sales selling 30,000 shares for an estimated $2,041,749.
    • THOMAS TAIRA (President, Special Projects) has made 0 purchases and 4 sales selling 27,983 shares for an estimated $1,924,601.
    • MICHAEL E MAROONE has made 2 purchases buying 25,000 shares for an estimated $1,544,981 and 0 sales.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $CVNA Hedge Fund Activity

    We have seen 454 institutional investors add shares of $CVNA stock to their portfolio, and 409 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • CAPITAL RESEARCH GLOBAL INVESTORS added 9,170,861 shares (+16.9%) to their portfolio in Q2 2026, for an estimated $603,626,071
    • BLACKROCK, INC. removed 9,165,875 shares (-15.9%) from their portfolio in Q2 2026, for an estimated $603,297,892
    • JPMORGAN CHASE & CO added 8,617,436 shares (+inf%) to their portfolio in Q2 2026, for an estimated $567,199,637
    • CAPITAL INTERNATIONAL INVESTORS added 6,617,827 shares (+39.8%) to their portfolio in Q2 2026, for an estimated $435,585,373
    • DRAGONEER INVESTMENT GROUP, LLC removed 6,264,800 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $412,349,135
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 5,538,645 shares (+inf%) to their portfolio in Q2 2026, for an estimated $364,553,613
    • PRICE T ROWE ASSOCIATES INC /MD/ removed 4,212,996 shares (-4.7%) from their portfolio in Q2 2026, for an estimated $277,299,396

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $CVNA Congressional Stock Trading

    Members of Congress have traded $CVNA stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $CVNA stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 05/15.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $CVNA Price Targets

    Multiple analysts have issued price targets for $CVNA recently. We have seen 3 analysts offer price targets for $CVNA in the last 6 months, with a median target of $86.0.

    Here are some recent targets:

    • Brad Erickson from RBC Capital set a target price of $85.0 on 06/11/2026
    • Marvin Fong from BTIG set a target price of $97.0 on 06/05/2026
    • Michael Montani from Evercore ISI Group set a target price of $86.0 on 06/02/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.