Cvna stock price gained momentum after the company

CVNA stock price gained momentum after the company reported a 36% increase in vehicles sold online, beating market expectations in recent quarterly figures. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. According to filings, the transaction involved 4,800 shares at an average price of $390.75, amounting to a total value of nearly $1.88 million. This sale was conducted under a Rule 10b5-1 trading plan, which was arranged in December of the preceding year. Insider sales, particularly by high-ranking executives like a CEO, can sometimes cause concern among investors about a company's outlook, potentially leading to a drop in the stock price. The filing also mentioned that some shares were withheld to satisfy tax obligations from vested stock units. CVNA stock price sits near a 3-month high, driven by stronger-than-expected consumer credit availability in auto loans. Analysts see potential upside if macro conditions remain stable.