Carvana stock drops 5% after insider sale filings; what CVNA investors watch next week
Carvana shares closed down 5.2% at $400.25 on Friday, trailing broader U.S. market gains in the first session of 2026. SEC filings showed BHJC Trust and insider Mark Jenkins disclosed plans to sell a combined 22,750 shares, valued at about $9.6 million, through stock-option exercises. CarMax rose 1.7% while ACV Auctions gained 3.7%. Investors await key U.S. economic data and Carvana’s next earnings date.