although the dow jones dropped around 150 points on tuesday there were a few notable insider trades when insiders purchase shares it indicates their confidence in the companys prospects or that they view the stock as a bargain either way this signals an opportunity to go long on the stock insider purchases should not be taken as the only indicator for making an investment or trading decision at best it can lend conviction to a buying decision below is a look at a few recent notable insider purchases for more check out benzingas insider transactions platform   the trade carvana co 10 owner verde investments inc acquired a total of 1985258 shares at at an average price of 2118 to acquire these shares it cost around 4205 million   what’s happening stephens  co recently maintained carvana with an equalweight and lowered the price target from 100 to 38   what carvana does carvana co is an ecommerce platform for buying and selling used cars the company derives revenue from used vehicle sales wholesale vehicle sales and other sales and revenues   the trade avis budget group inc executive chairman bernardo hees acquired a total of 29400 shares at an average price of 16869 to acquire these shares it cost around 496 million   what’s happening morgan stanley recently maintained avis budget with an underweight and lowered the price target from 168 to 156   what avis budget does avis budget group inc is a provider of automotive vehicle rental and carsharing services its brands include avis budget and zipcar don’t forget to check out our premarket coverage here  also check this executives sell more than 211m of 2 stocks   the trade procore technologies inc director william jg griffith bought a total of 581118 shares at an average price of 4216 to acquire these shares it cost around 245 million   what procore technologies does procore technologies inc is a cloudbased construction management software company it generates revenue through subscriptions for access to its software products   the trade hireright holdings corporation 10 owner stone point gp ltd bought a total of 650834 shares at an average price of 1471 the insider spent around 957 million to buy those shares   what hireright holdings does hireright holdings corp is a global provider of technologydriven workforce risk management and compliance solutions