Carvana VP Stephen Palmer Sells Shares Under Pre-Adopted Plan
Stephen R. Palmer, Vice President of Accounting at Carvana (NYSE:CVNA), sold 8,023 shares on Sept. 1, 2026, under a Rule 10b5-1 trading plan adopted in May 2025 to avoid insider trading concerns. The transaction included the sale of 5,000 shares and the withholding of 3,023 shares for tax obligations related to restricted stock units. After this disposition, Palmer still holds approximately 128,886 Class A Common Stock shares valued at $9.3 million as of Sept. 1, 2026. The sale occurred amid a one-year total return of -3% for Carvana's stock and comes during a period of strong financial performance by the company. With trailing twelve-month (TTM) revenue exceeding $25 billion and net income at over $2.1 billion, Carvana continues to expand rapidly with an operating margin near 9%. Analysts suggest that continued margin expansion could support further upside for investors despite current elevated share prices.
Tickers: $CVNA
Topics: Rule 10b5-1 plan SEC filing share sale