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%

CVNA stock traded down $2.24 during midday trading on Wednesday, hitting $67.37. The company’s stock had a trading volume of 7,071,618 shares, compared to its average volume of 16,140,284. The firm has a 50-day simple moving average of $70.98 and a 200-day simple moving average of $75.18. The firm has a market capitalization of $73.89 billion, a P/E ratio of 40.98, a PEG ratio of 11.72 and a beta of 3.45. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38.

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

Wall Street Analysts Forecast Growth

CVNA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $107.40 price objective on shares of Carvana in a research report on Thursday, April 30th. Gordon Haskett upped their target price on shares of Carvana from $67.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Carvana in a research report on Friday, June 5th. Bank of America upped their target price on Carvana from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Wedbush cut their price target on Carvana from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and a consensus target price of $93.14.

Insiders Place Their Bets

In other news, VP Stephen R. Palmer sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $70.42, for a total transaction of $352,100.00. Following the completion of the transaction, the vice president owned 152,955 shares of the company’s stock, valued at $10,771,091.10. This represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $70.40, for a total transaction of $4,488,000.00. Following the completion of the sale, the chief financial officer directly owned 1,036,594 shares in the company, valued at $72,976,217.60. This represents a 5.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 386,287 shares of company stock worth $27,022,696 over the last 90 days. Corporate insiders own 15.19% of the company’s stock.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research upgraded Carvana to Strong-Buy from Hold, which can help bolster investor confidence and support the stock. Zacks upgrade report
• Positive Sentiment: Zacks also raised several earnings estimates for Carvana, including Q1 2027, FY2027, Q1 2028, and FY2028, suggesting analysts see stronger profit growth ahead. Zacks earnings estimate update
• Positive Sentiment: ADESA, Carvana’s wholesale auto auction subsidiary, launched ADESA Timed, expanding its digital auction platform and potentially strengthening Carvana’s used-vehicle ecosystem. ADESA Timed launch article
• Positive Sentiment: Articles highlighting Carvana after its 5-for-1 stock split may be keeping the name in focus and supporting trading interest by making shares more accessible to retail investors. Carvana stock split article
• Neutral Sentiment: One insider filing showed Thomas Taira sold 5,597 shares under a pre-arranged 10b5-1 plan. The sale is worth noting, but the automatic trading plan makes it less likely to signal a major shift in outlook. Insider sale article

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CVNA. Gavilan Investment Partners LLC acquired a new stake in shares of Carvana during the third quarter valued at $26,030,000. Intech Investment Management LLC grew its position in shares of Carvana by 301.4% in the third quarter. Intech Investment Management LLC now owns 7,230 shares of the company’s stock valued at $2,727,000 after purchasing an additional 5,429 shares during the period. TD Asset Management Inc increased its stake in Carvana by 5.2% in the third quarter. TD Asset Management Inc now owns 133,811 shares of the company’s stock valued at $50,479,000 after purchasing an additional 6,643 shares during the last quarter. Picton Mahoney Asset Management lifted its position in Carvana by 581.4% during the third quarter. Picton Mahoney Asset Management now owns 16,491 shares of the company’s stock worth $6,220,000 after buying an additional 14,071 shares during the period. Finally, Sands Capital Management LLC boosted its stake in Carvana by 87.7% in the 3rd quarter. Sands Capital Management LLC now owns 1,691,515 shares of the company’s stock worth $638,107,000 after buying an additional 790,288 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

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.

Carvana Company Profile

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.