$CVNA · CARVANA CO.
Carvana director Michael E. Maroone reported two open-market purchases totaling 25,000 shares at prices of $61.69 and $62.40, for a combined outlay of $1,544,981. The transactions were discretionary (no 10b5-1 plan), bringing his total holdings to 749,045 shares.
- Director Michael Maroone acquired 25,000 shares at $61.69–$62.40, totaling $1,544,981.
- No 10b5-1 plan was used — both purchases were discretionary open-market buys.
- Post-transaction, Maroone holds 749,045 shares, signaling sustained personal conviction.
- The purchase represents a meaningful cash outlay for a non-executive director.
Extended-hours trading shows CVNA at $64.05, up 0.57% from the regular close of $63.69, suggesting a modestly positive initial reception to the insider buy signal.
A non-executive director committing $1.54M in discretionary open-market buys signals strong personal conviction at current price levels.
_Not applicable._
Insider purchases are not guarantees of future performance; Carvana's high leverage and volatile trading history remain relevant context.
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.