Ignore this cluster. The total dollar value is 0.0025% of market cap, two of the three sales are mechanically tied to derivative exercises (not cash buy/sell decisions), and a single President trade ($376K) lacks conviction weight. No actionable bearish signal here. Monitor the next earnings release (expected within 45 days) for fundamental read-through instead.
Price Chart
Executive Summary
Two directors (Platt, Quayle) executed derivative exercises followed by immediate open-market sales of the underlying shares, and President Taira sold on-market. Total insider sales of $1.90M over 8 days represent 0.0025% of the $75.6B market cap — economically trivial. The cluster is evenly weighted between C-suite and directors, but both director sales were same-day exercise-and-sell (cashless), suppressing any information content. At this micro-dollar level, the cluster is noise.
Key Financial Metrics
Key Facts
- Two directors exercised stock-settled derivatives (cost basis $3/sh / $0/sh) and sold the resulting shares on the same day — standard tax-motivated cashless exercises.
- Total open-market sales = $1.90M across 3 unique insiders (2 directors, 1 President).
- Sales represent 0.0025% of the company's $75.6B market cap — far below any materiality threshold.
- No clustering of independent bearish sales; two of three trades are mechanically linked to derivative exercises, not discretionary bearish conviction.
- Historical cluster calibration on this ticker shows good overall win rate (63% T+20), but prior high-score bearish calls (score 7) were spectacularly wrong (+81% T+20), suggesting the model has historically over-estimated bearish insider signals at CVNA.
Financial Impact
Total insider sales of $1.90M against a $75.6B market cap — 0.0025%. Immaterial on any proportional basis.
Risk Factors
- If CVNA approaches a secondary offering, even tiny insider sales can be read negatively by the market; no such offering is currently flagged.
- Carvana's high short interest and meme-stock volatility can amplify sentiment from any insider activity, but the dollar amounts here are too small to move institutional attention.
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-1781650316461 |
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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