Carvana (CVNA) President Taira Thomas Sells $364K of Stock
President of Special Projects Taira Thomas sold shares of Carvana Co. as the stock trades below its recent averages.
Reviewed by automated data checks against the source filing. How we make and check alerts
Taira Thomas, President, Special Projects at Carvana Co. ($CVNA), sold 5,597 shares at an average price of $65, worth about $363,805, on October 12, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $CVNA is down 1.1% to date (from the $59.51 close on Oct 12, 2026).
CVNA
Carvana Co.
Key Points
- On October 12, Taira Thomas sold 5,597 shares of Carvana Co. at $65 each, bringing in $363,805.
- As of October 16, Carvana's stock recently traded around $59.07, below its 50-day and 200-day moving averages.
- Analysts maintain a positive outlook, with a consensus price target of $82.19 and a recommendation of 'buy'.
Get $CVNA trade alerts by text
We text you when insiders, Congress or big funds trade $CVNA. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Carvana Co. alert may contain errors. Disclosures
Taira Thomas, President of Special Projects at Carvana Co. (NYSE: CVNA), sold 5,597 shares on October 12, 2026, for a total of $363,805. The shares were sold at a price of $65 each and were part of a planned transaction.
Other Institutional Activity in Carvana Co.
Several other institutional investors have made changes to their holdings in Carvana recently. Price (T. Rowe) Associates Inc reduced its position by 4.7%, selling 4,214,327 shares to hold a total of 84,695,539 shares worth about $4.98 billion. Meanwhile, Capital Research Global Investors increased its stake by 16.9%, adding 9,168,993 shares for a total of 63,423,386 shares valued at approximately $3.73 billion. Blackrock Inc. trimmed its holdings by 15.9%, selling 9,168,479 shares, leaving it with 48,494,910 shares worth about $2.85 billion.
Carvana Co. Stock Up 1.9%
As of October 16, Carvana's stock was recently trading around $59.07, which is below its 50-day moving average of $68.35 and its 200-day average of $70.86. The shares are also 39.3% below their 52-week high of $97.38, but 8.5% above their 52-week low of $54.46. The stock's current position could reflect investors' cautious sentiment ahead of its next earnings report on October 28.
Recent Earnings
For the trailing twelve months, Carvana reported revenues of approximately $25.06 billion and an earnings per share (EPS) of $1.90. The company has shown strong growth, with a year-over-year revenue growth of 52.4%. The next earnings date is set for October 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
7 target raises vs 3 cuts.
-
EPS & revenue
EPS beat estimates by 12.0%. Revenue beat estimates by 3.8%.
-
Profit surprise
EBITDA met by 2 percent. Operating income beat by 2 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
7 target raises, 3 target cuts.
-
Earnings quality
Gross margin down 1.2 points. Negative free cash flow.
Earnings Call Summary
Carvana sold a record 187,000 cars in the quarter, up 40 percent year over year, and generated $6.43 billion in revenue, up 52 percent. The recon team fixed labor efficiency issues by building new tools and centralizing planning. The company sees the wholesale-to-retail price spread as temporary and expects it to normalize over the next few months.
Guidance Management expects all-time record retail units sold and adjusted EBITDA in the second quarter. The company still targets 13.5 percent adjusted EBITDA margin by 2030 to 2035 while selling 3 million cars per year. Full year 2026 growth expected to be significant on both metrics.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Carvana Co.
In addition to Taira Thomas's recent sale, other insiders have also traded shares of Carvana. On September 14, Thomas sold 16,789 shares, totaling about $1.18 million. Chief Financial Officer Mark W Jenkins sold 63,750 shares on October 1, valued at approximately $3.93 million. Stephen R Palmer, another officer, sold 5,000 shares on the same date for about $308,203.
Analysts Set New Price Targets
Analysts continue to have a favorable view of Carvana, with BTIG reiterating a 'Buy' rating and a price target of $87 on October 9. Oppenheimer maintained an 'Outperform' rating with a target of $90 on September 30. The consensus among analysts is a 'Buy' recommendation with a mean price target of $82.19 based on 21 opinions.
About Carvana Co.
Carvana Co. operates an online platform for buying and selling used cars. The company offers services such as vehicle acquisition, inspection, online shopping, and financing. Founded in 2012 and headquartered in Tempe, Arizona, Carvana has grown significantly in the e-commerce automotive space.
Bottom Line
Investors should watch for Carvana's next earnings report on October 28. The recent insider selling, combined with the stock's current position below key moving averages, could signal caution among investors. Analysts remain optimistic, with a consensus price target significantly above the current trading price.
Related Filing Alerts
Source: Taira Thomas's Form 4 filing on $CVNA (Oct 12, 2026). Find the original filing: CVNA Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts