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On June 11, 2025, Ernest C. Garcia III, the Chief Executive Officer of Carvana Co. (NYSE:CVNA), executed a series of stock sales amounting to a total of $3,386,327. The transactions involved the sale of Class A Common Stock at prices ranging from $333.54 to $342.24 per share. According to InvestingPro data, CVNA has demonstrated remarkable performance with a 178% return over the past year, though the stock is known for its high volatility.
The shares were sold through various trades, with Garcia acting as the Investment Trustee and Co-Administrative Trustee for the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. These sales were conducted under a Rule 10b5-1 trading plan established on December 13, 2024.
Following these transactions, Garcia’s trusts collectively hold a significant number of shares, maintaining a substantial stake in the company.
In other recent news, Carvana has been the focus of several analyst updates and market developments. BofA Securities increased its price target for Carvana to $375, maintaining a Buy rating, citing potential market share gains and eligibility for S&P 500 inclusion. Jefferies also raised its price target for Carvana to $315 but kept a Hold rating, noting a 47% year-over-year growth in retail unit sales. Morgan Stanley (NYSE:MS) adjusted its target to $290, retaining an Overweight rating, after what was described as a record quarter for Carvana. DA Davidson reiterated a Neutral rating with a $260 target, acknowledging Carvana’s impressive performance this earnings season. Analysts have highlighted Carvana’s strong growth trajectory, despite differing opinions on stock ratings. Additionally, BofA mentioned Carvana as a potential S&P 500 addition, alongside Robinhood (NASDAQ:HOOD) and Ares Management (NYSE:ARES). These developments reflect ongoing interest and varied perspectives on Carvana’s market position and growth potential.
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