NEW YORK, January 4, 2026, 11:15 ET — Market closed
- Carvana shares ended Friday down 5.2% at $400.25, underperforming a modestly higher broader market. MarketWatch
- Two company officers filed notices to sell a combined 22,750 shares after the close, SEC filings showed. SEC
- Investors are watching Monday’s ISM manufacturing data and Friday’s U.S. jobs report for clues on rates and consumer demand. Institute for Supply Management
Carvana Co. shares fell 5.2% on Friday to $400.25, and investors will start the new week with two late-day filings showing planned insider sales. SEC
The notices matter now because Carvana has been one of the market’s most volatile consumer names, and early-year trading can amplify reactions to insider activity. Rate-sensitive stocks tied to consumer financing have also been quick to swing with shifts in the interest-rate outlook.
A Form 144 is a required SEC notice under Rule 144 that signals a bona fide intention to sell restricted or “control” securities within a reasonable time; it does not, by itself, confirm that a sale has occurred. Investor
In a filing accepted after the close on Friday, Mark Jenkins, listed as an officer, disclosed plans to sell up to 12,750 shares with an aggregate market value of about $5.38 million. The filing said the shares were acquired on Jan. 2 through an exercise of stock options, and listed Morgan Stanley Smith Barney as broker. SEC
A separate Form 144 accepted minutes later from Benjamin E. Huston, also listed as an officer, covered up to 10,000 shares valued at about $4.22 million. The filing listed the seller as “BHJC Trust” and said the shares were also acquired via an option exercise paid in cash. SEC
The two filings together cited 141.4 million shares outstanding and cover about 0.02% of that figure. SEC
Both filings referenced Rule 10b5-1 sales plans, a mechanism that lets insiders set up preset trading instructions in advance. The forms also listed earlier sales in November and December under those plans. SEC
Carvana lagged other used-vehicle retail names on Friday. CarMax gained 1.7% and ACV Auctions rose 3.4%, while Carvana slid, market data showed. MarketWatch
The stock’s intraday range on Friday was wide, with a high of $426.90 and a low of $390.87, before it closed near the lower end of that band. Trading volume was about 4.7 million shares, pricing data showed.
Carvana joined the S&P 500 effective Dec. 22 as part of the index’s quarterly rebalance, which can pull in demand from index-tracking funds. News Release Archive
But volatility cuts both ways. Any follow-through selling, weaker consumer demand for used vehicles, or a renewed rise in borrowing costs could pressure sentiment in a stock that has been priced for strong growth.
Macro catalysts arrive quickly. The Institute for Supply Management is scheduled to release its manufacturing PMI for December at 10 a.m. ET on Monday, with the services PMI due Wednesday, while the U.S. employment report is due Friday, according to ISM and government schedules. Institute for Supply Management
BMO Capital Markets economists Michael Gregory and Shelly Kaushik expect “sluggish results” in the December payrolls report, including about 50,000 new jobs and an unemployment rate steady at 4.6%, Kiplinger reported. Kiplinger
Company-specific focus shifts to the next results update. Nasdaq’s earnings calendar lists Carvana’s next report as estimated for Feb. 18, and investors will watch for updates on retail unit volumes, per-vehicle profitability and cash generation. Nasdaq
For Monday, traders will watch whether the stock holds the $390 area marked by Friday’s low and whether the ISM manufacturing report shifts rate expectations as the market digests the new insider sale notices. Institute for Supply Management
