NEW YORK, January 4, 2026, 18:03 ET — Market closed
- Carvana shares slid 5.16% on Friday, extending a five-session losing streak.
- SEC filings showed two Form 144 notices for proposed sales totaling 22,750 shares.
- Investors are watching U.S. jobs data on Jan. 9 and Carvana’s next earnings window in February.
Carvana Co. shares ended down 5.16% on Friday at $400.25 after U.S. securities filings showed proposed stock sales by the company’s finance chief and a related trust. Yahoo Finance
The disclosures landed as Carvana heads into Monday’s session after a sharp pullback in a stock that has been a momentum magnet since joining the S&P 500 late last month. Reuters
Friday’s decline extended a five-session slide that has shaved about 9% off the shares since Dec. 26, leaving investors primed to scrutinize any signal of insider selling. StockAnalysis
A Form 144 notice filed on Friday showed Chief Financial Officer Mark Jenkins proposed selling up to 12,750 shares, with an indicated aggregate market value of about $5.38 million. SEC
A separate Form 144 filing for BHJC Trust proposed selling up to 10,000 shares valued at about $4.22 million, according to the document. SEC
Form 144 is a required notice under SEC Rule 144 for the potential sale of restricted or controlled shares; it does not confirm that any stock has been sold. Both notices said the shares were acquired on Jan. 2 through stock-option exercises and referenced Rule 10b5-1 plans, which allow insiders to trade under pre-set instructions. SEC
The two notices cover less than 0.02% of Carvana’s 141.4 million shares outstanding, the filings showed. SEC
Carvana fell even as the broader market edged higher on Friday, with the S&P 500 closing up 0.19%. CarMax, a key listed peer in used-car retail, rose 1.68% in the same session. Marketwatch
The stock ranged between $390.87 and $421.71 on Friday, leaving traders focused on whether it holds above Friday’s low and can reclaim the $422 area where it ended 2025. Yahoo Finance
Carvana has pointed to improving fundamentals after a multi-year turnaround driven by cost controls and a rebound in demand. In October, it reported third-quarter revenue up 54.5% to $5.65 billion and net income of $263 million, Reuters reported. Reuters
But the stock’s rapid re-rating has left it exposed to any wobble in unit volumes or margins, and sentiment can swing quickly if financing conditions tighten or insider sales build. Stephanie Link, chief investment strategist at Hightower Advisors, told Reuters last month she would “use any pullbacks to add” for the long-term growth case. Reuters
Next catalysts include the U.S. employment report on Jan. 9 and December CPI on Jan. 13 — data points that can shift rate expectations and, in turn, auto-loan affordability. Carvana’s next quarterly results are expected around Feb. 18 based on Zacks’ earnings calendar estimate, though the company has not announced a date. Bureau of Labor Statistics
