Director-level option exercise-and-sell patterns at this scale are not predictive. Monitor next earnings for any shift in fundamentals, but this cluster provides no edge. No trade recommendation.
Price Chart
Executive Summary
Two Carvana directors — Ira J. Platt and J. Danforth Quayle — sold a combined $2.22M of stock on August 14, 2026, after exercising options at nominal exercise prices ($0 and $3 per share). The sales represent a modest 0.003% of Carvana's $83.2B market cap and are consistent with routine option exercise-and-sell patterns for director diversification. No C-suite executives participated, and the amounts are trivial relative to market cap, making this a neutral cluster with no actionable directional signal.
Key Financial Metrics
Key Facts
- Two directors sold shares on August 14, 2026: Ira J. Platt sold 15,000 shares at $75.50 ($1.13M) and J. Danforth Quayle sold 14,525 shares at $75.00 ($1.09M).
- Both sales followed same-day derivative exercises at de minimis strike prices ($0 and $3), indicating tax-cover/compensation-related dispositions.
- Total open-market sale proceeds: $2.22M, which is roughly 0.003% of Carvana's $83.2B market cap.
- No C-suite officers (CEO, CFO, COO) sold; only directors traded.
- Platt also sold 15,000 shares at $73 on August 13, 2026, for $1.095M, bringing his two-day total to ~$2.23M.
Financial Impact
Total insider sales of $2.22M represent less than 0.1% of market cap — immaterial.
Risk Factors
- Additional insider selling from other directors or C-suite could emerge before the next blackout window.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVNA-1787005295744 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 28d ago | Insider Cluster | $74.59 $70.87 | ▼ −4.99% | ▼ −3.78% | $63.77 (−14.51%) |
Aug 17, 2026 6w ago | Insider Cluster | $65.00 $75.77 | ▲ +16.57% | ▲ +16.77% | $63.77 (−1.89%) |
Aug 4, 2026 8w ago | Insider Buy | $69.48 $72.48 | ▲ +4.32% | ▲ +3.97% | $63.77 (−8.22%) |
Aug 4, 2026 8w ago | Insider Cluster | $69.48 $72.48 | ▲ +4.32% | ▲ +3.97% | $63.77 (−8.22%) |
Jul 2, 2026 13w ago | Insider Cluster | $68.60 $67.12 | ▼ −2.16% | ▼ −3.09% | $63.77 (−7.04%) |
Jun 16, 2026 15w ago | Insider Cluster | $62.86 $67.91 | ▲ +8.03% | ▲ +9.08% | $63.77 (+1.45%) |
Jun 12, 2026 16w ago | Institutional Cluster | $64.10 $66.56 | ▲ +3.84% | ▲ +3.17% | $63.77 (−0.51%) |
Jun 11, 2026 16w ago | Insider Cluster | $64.10 $66.56 | ▲ +3.84% | ▲ +3.17% | $63.77 (−0.51%) |
Jun 9, 2026 16w ago | Insider Cluster | $67.25 $70.04 | ▲ +4.15% | ▲ +0.72% | $63.77 (−5.17%) |
Jun 8, 2026 16w ago | 144 | $69.61 $68.90 | ▼ −1.02% | ▼ −3.43% | $63.77 (−8.39%) |
US Market Status
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