Carvana Co. insider Ira J. Platt sells $2.25M in CVNA shares
29,640 shares sold on the open market on Nov 4, at about $75.75 each.
Insider selling at Carvana Co.: Ira J. Platt, a director, sold 29,640 shares on Nov 4 for $2.25 million, at an average of $75.75 a share, a Form 4 filed on Nov 5 shows.
The Form 4 does not tick the Rule 10b5-1 box: the sale is not reported as part of a pre-arranged trading plan. The trade was reported within two business days, as Section 16 requires.
After the trade, the filing lists 186,470 shares held. Three Carvana Co. insiders sold on the open market within 14 days, a pattern known as a cluster sell.
Details from the SEC filing:
| Company | Carvana Co. (CVNA) |
|---|---|
| Insider | Ira J. Platt |
| Role | Director |
| Transaction | Open-market sale (code S) |
| Shares | 29,640 |
| Average price | $75.75 |
| Value | $2,245,154 |
| Trade date | Nov 4, 2026 |
| Filed with the SEC | Nov 5, 2026, 6:24 PM ET |
| Shares held after | 186,470 |
| Ownership | Direct |
| Rule 10b5-1 plan | Not marked in the filing |
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Source: SEC Form 4. Information only, not investment advice. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission.
