Carvana Co. Director Ira Platt Files Form 144 to Sell $2.25M in Common Stock

Executive Summary

On November 4, 2026, Ira Platt, a Director at Carvana Co. ($CVNA), filed Form 144 reporting an intention to sell 29,640 shares of common stock through Morgan Stanley Smith Barney LLC. The aggregate market value of the proposed transaction is approximately $2,245,114.13 (implied price of ~$75.75 per share).

Transaction Details

• Security: Common Stock
• Shares Proposed to Sell: 29,640
• Aggregate Market Value: $2,245,114.13
• Acquisition Source: Acquired on November 4, 2026, via exercise of options under a registered plan from the issuer, paid in cash.
• Approximate Sale Date: November 4, 2026
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services

Prior 3-Month Activity

Ira Platt has executed several recent sales over the preceding three months:

• November 3, 2026: 30,000 shares sold for gross proceeds of $2,152,227.00
• August 14, 2026: 15,000 shares sold for gross proceeds of $1,132,500.00
• August 13, 2026: 15,000 shares sold for gross proceeds of $1,095,000.00

Context & Market Significance

With 722,713,745 shares outstanding, this proposed sale represents a negligible fraction of the company's total equity base (<0.01%). Given that the shares stem from an option exercise and follow a series of similar routine sales over the preceding quarters, this filing is rated Medium significance, reflecting sizable dollar-volume director liquidation without significant dilution or float impact.