Carvana Drops 15% This Week: Here's The 3 Biggest Storylines

"Carvana's wild ride hit a speed bump this week. The online used car retailer dropped 14.98% over the past five trading days, closing at $343.19 on Friday. That's a steeper decline than the broader market's 1.29% dip and the Consumer Discretionary sector's 1.54% slide. Year to date, Carvana ( NYSE:CVNA) is down 18.68%, though it's still up 26% over the past year."

"Carvana's executive team has been systematically liquidating shares. On February 2, 2026, CFO Mark Jenkins sold 12,058 shares across 21 separate transactions at prices ranging from $393.05 to $418.87. COO Benjamin Huston unloaded 10,628 shares the same day. The day before, eight executives sold at the identical price of $401.11, suggesting coordinated Rule 10b5-1 plan execution. The pattern extends back months. In December 2025, Chief Product Officer Daniel Gill sold 120,000+ shares at prices between $429 and $476."

"Reddit sentiment turned decidedly bearish this week, with activity spiking on February 13. The dominant narrative shifted from valuation concerns to something more serious. On February 11, a post titled "Carvana CVNA Should Delay Earnings Report and Come Clean on Accounting Discrepencies" gained traction with 38 upvotes and 29 comments. By February 13, the conversation escalated to fraud allegations, with a post titled "Carvana $CVNA Fraud Comes To Light" drawing 153 upvotes and 145 comments."

Carvana shares fell 14.98% over five trading days, closing at $343.19 and underperforming the broader market and Consumer Discretionary sector. Year-to-date performance is down 18.68% while the one-year return remains up 26%. Company executives have been systematically liquidating shares, including CFO Mark Jenkins and COO Benjamin Huston in early February and large December 2025 sales by the Chief Product Officer and COO. Executives exercised stock options at $0.0 and immediately sold vested shares. No recent open-market purchases appear, contrasting with 55 buys over the prior year. Retail investor sentiment turned bearish on Reddit, with posts alleging accounting discrepancies and fraud gaining traction and high engagement.

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