Carvana Insiders Sell $751 Million — CPO and President Exit to Zero After Meme Stock Comeback

Four insiders at Carvana (CVNA) — the online used car platform that nearly went bankrupt in 2022 — have sold a combined $751 million in stock. Two of them, including the Chief Product Officer, have exited their positions entirely. The selling comes as Carvana's stock has staged one of the most dramatic comeback rallies in market history.

CPO Exits With $300 Million

Chief Product Officer Daniel J. Gill leads all Carvana insiders with $299.7 million in career sales across 218 transactions. His most recent wave of $81.1 million brought his holdings to zero shares. Gill, who has been with Carvana since its early days, has fully monetized the comeback — selling aggressively as the stock recovered from single digits to over $200.

President Also Exits

Thomas Taira, President of Special Projects, has sold $86.2 million across 137 transactions, with $59.3 million in recent sales reducing his position to zero. Like Gill, Taira timed his exit to coincide with the stock's recovery to pre-crisis levels.

The $751 Million Scoreboard

Insider	Title	Career Sales	Transactions	Status
Daniel J. Gill	Chief Product Officer	$299.7M	218	Exited
Benjamin E. Huston	Chief Operating Officer	$237.0M	389	Still selling
Paul W. Breaux	Executive	$128.1M	234	Still selling
Thomas Taira	President, Special Projects	$86.2M	137	Exited

COO: $237 Million and Counting

COO Benjamin E. Huston has sold $237 million across 389 transactions — the most prolific seller by transaction count. His recent $32.8 million continues the liquidation, though he still holds shares. Executive Paul W. Breaux adds $128.1 million across 234 transactions, with $56.2 million in recent sales.

The Comeback Context

Carvana's stock fell from $370 to under $4 between August 2021 and December 2022 as the company's debt-fueled growth model nearly collapsed. The subsequent rally back above $200 — driven by a debt restructuring and improved unit economics — has been one of the most dramatic comebacks in market history.

The insiders who lived through the near-death experience are clearly taking no chances the second time around. With $751 million extracted and two executives at zero shares, the leadership team has hedged heavily against any repeat of 2022. Notably, CEO Ernie Garcia III — whose father is the company's largest shareholder — is not among the recent sellers.

Track all Carvana insider activity on the CVNA stock page.