Carvana’s chief product officer sells $10.4 million in stock

TEMPE, AZ— Carvana Co. (NYSE:CVNA) Chief Product Officer Daniel J. Gill executed a significant stock transaction on May 28, 2025, according to a recent SEC filing. Gill sold 32,500 shares of Class A Common Stock at a price of $320 per share, resulting in a total transaction value of $10.4 million. The sale comes as Carvana’s stock trades near its 52-week high of $327.75, having delivered an impressive 227% return over the past year. According to InvestingPro analysis, the stock appears to be fairly valued, with a perfect Piotroski Score of 9 indicating strong financial health.

The stock sale was part of a pre-established trading plan under Rule 10b5-1, adopted by Gill in December 2024. On the same day, Gill exercised stock options to acquire 32,500 shares at an exercise price of $10.07 per share, totaling $327,275.

Following these transactions, Gill holds 201,087 shares of Carvana’s Class A Common Stock directly.

In other recent news, Carvana has captured attention with its impressive quarterly earnings, prompting several analyst firms to revise their price targets. Morgan Stanley (NYSE:MS) raised its target to $290, citing a record quarter and a strong long-term outlook for the company. Similarly, RBC Capital Markets increased its price target to $340, highlighting Carvana’s robust first-quarter performance and potential for cash flow growth. Piper Sandler also showed confidence by lifting its target to $315, emphasizing Carvana’s high-visibility growth and operating leverage. Meanwhile, Needham maintained a $340 target, underscoring Carvana’s market potential and efficient overhead management.

DA Davidson, while keeping a Neutral rating, set a price target of $260, acknowledging Carvana’s ability to surpass expectations and outperform peers. Analysts from these firms have noted Carvana’s strategic moves to expand its market reach and profitability, with some expressing optimism about the company’s long-term growth prospects. These developments indicate that Carvana’s recent performance has strengthened its position among investors and analysts. The company’s ability to leverage its business model and market opportunities has been a focal point in the revised evaluations.

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