New York, January 5, 2026, 19:44 EST — After-hours
Carvana Co shares rose 7.5% to $430.06 on Monday. The stock traded between $400.06 and $434.38, keeping the $400 level in view as a near-term chart support area.
The online used-car retailer has been a closely watched momentum name since its late-2025 addition to the S&P 500, a shift that can increase the stock’s visibility and the impact of index-linked flows. Reuters
That spotlight matters now with investors resetting positions for 2026 and looking for the next data point that can confirm — or challenge — expectations baked into the stock’s valuation.
A Form 4 filed on Monday showed Chief Financial Officer Mark Jenkins exercised options and sold 12,750 Class A shares on Jan. 2 at prices listed between about $391 and $420. The sale totaled about $5.14 million at a weighted average near $403, based on the transaction prices in the filing, and the document said the trades were made under a Rule 10b5-1 plan adopted in August 2024. SEC
A separate Form 4 showed Chief Operating Officer Benjamin Huston exercised options and sold 10,000 shares on Jan. 2 for about $4.02 million at a weighted average near $402. The filing said those sales were executed under a Rule 10b5-1 plan adopted in December 2024 — a pre-set trading program that lets insiders sell shares on a schedule. SEC
Other Form 4s filed on Monday reflected tax-related share withholdings tied to vesting of restricted stock units, or stock awards that convert into shares over time. Chief Product Officer Daniel Gill and General Counsel Paul Breaux reported shares withheld to cover taxes on Jan. 1, the filings showed. SEC
Carvana outperformed larger rival CarMax, whose shares gained 2.6% on Monday, as the S&P 500 ended up 0.6% on the day. Marketwatch
But the rally keeps focus on a key uncertainty: demand for used vehicles and the financing environment that supports purchases. Insider sales, even when pre-scheduled, can also sharpen debate around valuation when the stock is moving in wide daily ranges.
The next clear catalyst is earnings, with Wall Street expecting Carvana to report around Feb. 18, according to Zacks’ earnings calendar. Investors will watch retail units sold and gross profit per unit — a gauge of how much the company makes on each vehicle — along with any outlook on 2026 demand and credit conditions.
