Welcome to our dedicated page for Carvana SEC filings (Ticker: CVNA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Carvana Co. (NYSE: CVNA), an e-commerce platform for buying and selling used cars. As a public company, Carvana files a range of documents with the SEC that detail its financial condition, operating results, risk factors, and significant corporate events.
Among the most closely followed filings are Carvana’s quarterly reports on Form 10-Q and annual reports on Form 10-K, which present financial statements, management’s discussion and analysis, and information about its business model. These reports explain how Carvana generates revenue from used vehicle sales, wholesale vehicle sales, and other sales and revenues, including sales of loans to financing partners, commissions on vehicle service contracts, and sales of GAP waiver coverage.
Carvana also files current reports on Form 8-K to disclose material events. Recent Form 8-K filings have reported the announcement of quarterly financial results, referencing shareholder letters and press releases that provide additional detail on metrics such as net income, Adjusted EBITDA, and operating performance. These filings help investors track developments between periodic reports.
In addition, Carvana’s filings may include information on capital structure, risk factors, and relationships with subsidiaries such as ADESA, as well as discussions of macroeconomic and industry-related risks that could affect its operations. Disclosures about non-GAAP measures, including Adjusted EBITDA and Adjusted EBITDA margin, explain how management evaluates the business beyond traditional GAAP metrics.
On Stock Titan, Carvana’s SEC filings are updated as new documents are made available through the EDGAR system. AI-powered summaries and highlights can help readers quickly understand the key points of lengthy filings, including quarterly and annual reports and current reports on Form 8-K, while links to Form 4 and other ownership-related filings support research into insider transactions and equity holdings.
A holder of Carvana Co. (CVNA) common stock filed a notice of intent to sell 40,000 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE. The shares to be sold have an indicated aggregate market value of 18,909,200.00, compared with 141,423,193 shares outstanding of the same class. The seller acquired these 40,000 shares on 12/12/2025 by exercising stock options and paying the purchase price in cash on the same date. Over the prior three months, the filing also discloses a separate sale of 80,000 common shares on 12/08/2025 for gross proceeds of 35,160,000.00 in 10b5-1 sales for the Daniel J Gill & Lian B Gill Family Trust.
Carvana Co. insider plans additional stock sale under Rule 144. A holder has filed to sell 20,000 shares of Carvana common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $9,454,600.00. The filing notes 141,423,193 common shares outstanding.
The 20,000 shares were acquired on 12/12/2025 by exercising stock options granted by the issuer, paid in cash on the same date. The planned sale is part of a broader selling pattern under a 10b5-1 sales plan for the BHJC Trust, which sold 40,000 shares on 12/08/2025, 10,000 shares on 12/01/2025, 10,000 shares on 11/03/2025, and 10,000 shares on 10/01/2025, for disclosed gross proceeds on each date.
Carvana Co. shareholder Paul Breaux filed a notice of proposed stock sales under Rule 144. The filing covers the planned sale of 8,473 shares of Carvana common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $3,962,567.91. These shares were acquired on 12/11/2025 via an exercise of stock options paid in cash on the same date.
The notice also reports prior Rule 10b5-1 plan sales over the past three months. Breaux sold 20,000 common shares on 12/08/2025 for gross proceeds of $8,770,000.00 and 15,000 common shares on 10/01/2025 for gross proceeds of $5,970,000.00. The representation in the filing states that the seller does not know of any undisclosed material adverse information about Carvana’s operations.
Carvana Co. reported insider activity by an officer serving as President, Special Projects. On 12/08/2025, the insider exercised 20,000 stock options for Class A common stock at an exercise price of $10.07 per share and acquired the same number of shares. That day, the insider reported multiple sales of Class A common stock, including 20,000 shares at $429 per share, 952 shares at $434.77 per share, and 10,000 shares at $450 per share. After these transactions, the insider directly held 79,880 shares of Class A common stock and 161,282 stock options. The filing states that the option exercise and sales were carried out under a Rule 10b5-1 trading plan adopted on August 8, 2025.
Carvana Co.’s Chief Product Officer, Daniel J. Gill, reported multiple option exercises and stock sales on December 8, 2025. He exercised several tranches of stock options to acquire Class A common stock at exercise prices ranging from $10.07 to $296.05 per share. On the same date, he sold a total of 80,000 Class A shares in two transactions at prices of $429 and $450 per share. After these transactions, he directly beneficially owned 191,106 shares of Carvana Class A common stock. The filing notes that the option exercises and sales were carried out under a Rule 10b5-1 trading plan adopted on December 13, 2024.
Carvana Co. executive Benjamin E. Huston, the Chief Operating Officer, reported insider transactions in the company’s Class A common stock. On 12/08/2025, he exercised 40,000 stock options at an exercise price of $10.07 per share, acquiring the same number of Class A shares. That same day, he reported two sales of 20,000 shares each, at prices of $429 and $450 per share. Following these transactions, Huston reported owning 100,758 Class A shares directly and 368,513 stock options.
The filing notes that the option exercises and sales were carried out under a Rule 10b5-1 trading plan adopted on December 13, 2024, which is a pre-arranged plan intended to allow insiders to trade shares over time according to set instructions. The non-qualified stock options exercised were part of a grant that vested 25% on April 1, 2024 and then monthly over the following three years, conditioned on Huston’s continued service with Carvana.
Carvana Co. executive Paul Breaux reported option exercises and share sales. On 12/08/2025, he exercised 9,121 stock options for Class A common stock at an exercise price of $10.07 per share and acquired the same number of shares. That day he sold a total of 20,000 Class A shares in two transactions at prices of $429 and $448 per share, leaving him with 69,289 shares beneficially owned directly.
The transactions were carried out under a Rule 10b5-1 trading plan adopted on June 10, 2025. Following the exercise, Breaux retained 145,741 stock options with a $10.07 exercise price, exercisable through 02/22/2033. These non-qualified stock options vested 25% on April 1, 2024 and continue to vest monthly over the following three years, conditioned on his continued service with Carvana as Vice President, General Counsel, Secretary, and Chief Compliance Officer.
Carvana’s Form 144 filing reports a planned insider sale of common stock. The notice covers 80,000 common shares to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $31,981,600. The filing notes 141,423,193 shares of the same class outstanding.
The seller acquired the 80,000 shares on 12/08/2025 by exercising stock options and paid the purchase price in cash on the same date. The form also includes a standard representation that the seller does not know of undisclosed material adverse information about the issuer’s current or prospective operations.
An existing holder of CVNA common stock has filed a notice of proposed sale of 40,000 shares through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $15,990,800.00 and 141,423,193 shares of common stock outstanding. The shares to be sold were acquired on 12/08/2025 via an exercise of stock options paid in cash on the same date.
Over the past three months, a 10b5-1 sales plan for BHJC Trust reported additional sales of CVNA common stock: 10,000 shares on each of 10/01/2025, 11/03/2025, and 12/01/2025, with gross proceeds of $3,892,725.00, $3,245,730.00, and $3,771,101.00, respectively.
CVNA filed a Form 144 notice for a proposed sale of 20,000 shares of its common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $7,995,400. The filing notes that 141,423,193 shares of common stock were outstanding. The seller acquired 10,879 shares on 10/01/2024 via restricted and performance stock units from the issuer and 9,121 shares on 12/08/2025 through a cash exercise of stock options.
Over the past three months, the same person, identified in 10b5-1 sales as Paul Breaux, sold 15,000 common shares on 10/01/2025 for gross proceeds of $5,970,000 and another 15,000 common shares on 09/09/2025 for $5,625,000. By signing, the seller represents that they do not know of any undisclosed material adverse information about the issuer’s current or prospective operations.
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