Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Carvana Co. (NYSE:CVNA)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Carvana Co. (NYSE:CVNA). In a filing disclosed on June 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Carvana stock on May 15th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Carvana Stock Down 3.2%

Shares of Carvana stock opened at $67.37 on Thursday. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The business has a 50-day moving average of $70.98 and a two-hundred day moving average of $75.18. The company has a market capitalization of $73.89 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 11.75 and a beta of 3.45. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.37. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.12 billion. As a group, equities analysts predict that Carvana Co. will post 1.58 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carvana during the fourth quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. acquired a new position in Carvana during the fourth quarter valued at approximately $29,000. Motiv8 Investments LLC acquired a new position in Carvana during the fourth quarter valued at approximately $33,000. Ascentis Independent Advisors acquired a new position in Carvana during the first quarter valued at approximately $26,000. Finally, Salomon & Ludwin LLC boosted its position in Carvana by 112.5% during the fourth quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CVNA has been the subject of several recent analyst reports. Bank of America increased their price target on Carvana from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Gordon Haskett increased their price target on Carvana from $67.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on Carvana from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Argus lowered their price target on Carvana from $500.00 to $100.00 in a report on Monday, May 11th. Finally, Barclays set a $93.00 price target on Carvana and gave the stock an “overweight” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.14.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research upgraded Carvana (CVNA) from Hold to Strong-Buy, which can support investor confidence. The firm also raised multiple forward EPS estimates, including FY2027 and FY2028, suggesting expectations for continued earnings growth. Carvana suffers a larger drop than the general market: key insights
• Positive Sentiment: ADESA, Carvana’s wholesale auto auctions subsidiary, launched ADESA Timed, expanding its digital auction platform. This reinforces Carvana’s push into digital wholesale infrastructure and could be viewed as a long-term operational positive. ADESA Expands Digital Auction Platform with ADESA Timed
• Positive Sentiment: Analyst coverage remains broadly favorable, with Wall Street articles highlighting CVNA as a buy candidate, which may help offset near-term selling pressure. Wall Street Analysts See Carvana as a Buy: Should You Invest?
• Neutral Sentiment: Carvana remains in the spotlight following its recent 5-for-1 stock split, which improved accessibility for retail investors, but the split itself is more of a trading/attention catalyst than a direct business driver. Is Now the Time to Buy Carvana Stock After Its 5-for-1 Split?
• Neutral Sentiment: Insider selling by Thomas Taira was disclosed, but it was made under a pre-arranged 10b5-1 plan and does not necessarily signal a change in the company’s outlook. Insider Selling: Carvana insider sells 5,597 shares of stock
• Negative Sentiment: Despite the supportive analyst news, CVNA still traded lower as investors appeared focused on short-term weakness and profit-taking after a strong run, with recent commentary also noting profitability concerns in prior coverage. Carvana slid as profitability fell short of expectations

Insider Buying and Selling

In related news, CFO Mark W. Jenkins sold 63,750 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $62.07, for a total transaction of $3,956,962.50. Following the completion of the transaction, the chief financial officer directly owned 985,445 shares of the company’s stock, valued at approximately $61,166,571.15. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas Taira sold 18,850 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $68.20, for a total value of $1,285,570.00. Following the transaction, the insider directly owned 292,820 shares of the company’s stock, valued at $19,970,324. This trade represents a 6.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 386,287 shares of company stock valued at $27,022,696. 15.19% of the stock is currently owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.