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

Posted by Don Miller on Jun 10th, 2026

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 Trading Down 3.2%

CVNA stock traded down $2.24 during midday trading on Wednesday, hitting $67.37. 7,071,618 shares of the company’s stock were exchanged, compared to its average volume of 9,771,662. The stock’s fifty day moving average price is $70.98 and its 200-day moving average price is $75.18. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The company has a market cap of $73.89 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 11.75 and a beta of 3.45. Carvana Co. has a one year low of $54.46 and a one year high of $97.38.

Carvana (NYSE:CVNA – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.12 billion. Research analysts predict that Carvana Co. will post 1.58 earnings per share for the current fiscal year.

Carvana News Summary

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

Analyst Ratings Changes

Several analysts have issued reports on CVNA shares. Robert W. Baird set a $88.00 price target on Carvana in a research note on Friday, May 15th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Carvana in a research note on Friday, June 5th. Citizens Jmp lifted their price target on Carvana from $92.00 to $103.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Wedbush dropped their price target on Carvana from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Finally, UBS Group reissued a “buy” rating and issued a $104.00 price target (up from $97.00) on shares of Carvana in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and an average price target of $93.14.

Read Our Latest Research Report on CVNA

Insiders Place Their Bets

In other Carvana news, insider Thomas Taira sold 18,850 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $68.20, for a total transaction of $1,285,570.00. Following the transaction, the insider owned 292,820 shares of the company’s stock, valued at $19,970,324. The trade was a 6.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stephen R. Palmer sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $70.42, for a total value of $352,100.00. Following the transaction, the vice president directly owned 152,955 shares in the company, valued at approximately $10,771,091.10. This trade represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 386,287 shares of company stock worth $27,022,696 in the last three months. 15.19% of the stock is owned by corporate insiders.

Institutional Trading of Carvana

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Carvana by 8.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock valued at $7,481,081,000 after acquiring an additional 1,407,762 shares during the last quarter. Vanguard Group Inc. increased its position in Carvana by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock worth $7,082,804,000 after buying an additional 3,328,115 shares during the last quarter. State Street Corp increased its position in Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock worth $2,411,751,000 after buying an additional 2,764,759 shares during the last quarter. Capital Research Global Investors increased its position in Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock worth $2,405,959,000 after buying an additional 1,711,144 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Carvana by 55.4% during the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock worth $1,632,763,000 after buying an additional 1,382,852 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

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

(Get Free Report)

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.