Carvana Shares Drop Over 3% as Two Directors Sell Stock

Shares of online used-car retailer Carvana (NYSE: CVNA) fell more than 3% to $67.81 as of 12:32 p.m. ET on Tuesday. According to a regulatory filing submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Monday, director Danforth Quale sold 14,525 shares of the company's stock last Friday, and director Ella Pratt sold 30,000 shares on Thursday.