Carvana (CVNA) Director Michael Maroone Buys 25,000 Shares

What Happened
Michael E. Maroone, a director of Carvana Co. (CVNA), made two open-market purchases on July 31, 2026, acquiring a total of 25,000 Class A shares. He bought 21,153 shares at an average price of $61.69 for $1,304,929 and 3,847 shares at an average price of $62.40 for $240,053, for a combined cash outlay of $1,544,982. These are purchases (insider buying).

Key Details

• Transaction date: July 31, 2026 (reported on Form 4 filed August 4, 2026). Filing was within the two-business-day reporting window and appears timely.
• Trade details:
  • 21,153 shares @ $61.69 (VWAP) — $1,304,929 (executed in multiple trades, prices ranged $62.29–$62.50 per footnote F4 and $61.28–$62.25 per F3 depending on tranche).
  • 3,847 shares @ $62.40 (VWAP) — $240,053.
  • Combined: 25,000 shares for $1,544,982.
• Footnotes of note:
  • F1: A prior sale of 5 shares within six months matched against these purchases produced $64.87 in short-swing profit, which Maroone already disgorged to Carvana; no further disgorgement is owed.
  • F2–F4: Prices reported reflect VWAP and multiple trades; Reporting Person can provide trade-level detail on request.
  • F5–F6: Some holdings reported are held via the Michael Maroone Family Partnership, LP and a family trust (the filing identifies these entity holdings).
• Shares owned after transaction: The filing does not state an aggregate post-transaction total for Maroone’s holdings (it reports holdings via family entities).

Context
These were open-market purchases (Form 4 code P), which are straightforward buys of company stock. Purchases can be interpreted by investors as a positive signal of the insider acquiring shares, but filings do not reveal the insider’s motivation. The filing clarifies a small short-swing disgorgement has been settled.