Carvana Insider Daniel Gill Sells $18 Million in CVNA Without a Trading Plan
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Gill cut roughly a quarter of his Carvana stake in one day, about $18 million worth at $71.46, right after the company's record quarter was overshadowed by soft full-year guidance. No 10b5-1 plan was flagged, which makes the timing discretionary.
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Daniel J. Gill sold about $18 million of Carvana stock on November 3, 2026, trimming roughly a quarter of his position in a single session.
No 10b5-1 plan was flagged alongside the filing, meaning this sale was discretionary and Gill chose the moment himself. A 10b5-1 plan is a pre-scheduled trading arrangement insiders set up in advance to remove the appearance of acting on inside information.
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That moment came immediately after Carvana reported a record quarter that was nonetheless overshadowed by soft full-year guidance. When a blockbuster quarter fails to lift investor sentiment because of forward guidance, an insider selling a substantial chunk of his stake the same day adds a pointed data point for anyone watching the stock closely.
A single executive reducing personal exposure is routine, yet the size of this transaction, the absence of a pre-arranged plan, and the timing relative to the guidance disappointment elevate this sale above routine housekeeping.
Sources
Mentioned: CVNA