CARVANA – Unusual insider trading (why following insider trades is so important)

So in the development of some of this long term algorithmic stock identification stuff I had just posted about, one of the top “scoring” stocks was CVNA. Once thought to be dead, the company’s stock has postede an incredible turn around. And who would’ve known? The CEOs and Directors! So I plotted the buys and sells from my database against the stock price, and it’s incredible. To put some numbers to this: The stock appreciated by 758%, and the insider holdings appreciated buy 17,000%! Yes you read that right – if the insiders followed the buying methodology I outlined previously (in my last post). Those buys around that 6-10 dollar mark? That turned about 3 million dollars into 180 million, about 62x return. Incredible. And, it took them YEARS to be right. How do you think they felt buying in at that 50 dollar price point just for the stock to drop to 5 dollars. That’s also probably why we see selling pick back up at the buy in price at 50.