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Ernest C. Garcia III, the Chief Executive Officer of Carvana Co. (NYSE:CVNA), recently executed a series of stock sales amounting to approximately $1,001,521, according to a recent SEC filing. The sales come as Carvana’s stock trades near its 52-week high of $327.75, having delivered an impressive 227% return over the past year. According to InvestingPro data, the company maintains a perfect Piotroski Score of 9, indicating strong financial health. The sales involved Class A Common Stock and were carried out on May 30, 2025, under a pre-established Rule 10b5-1 trading plan. The transactions were executed at prices ranging from $324.00 to $325.59 per share, close to the current market price of $327.16. With a market capitalization of $70.3 billion, Carvana has emerged as a significant player in the automotive retail space.
The shares were sold through various trusts, including the Ernest C. Garcia III Multi-Generational Trust III and the Ernest Irrevocable 2004 Trust III, where Garcia serves as the Investment Trustee and Co-Administrative Trustee. Following these transactions, Garcia maintains significant holdings in Carvana, although the precise number of shares remaining under his control was not disclosed in the filing.
These sales are part of a structured trading plan, which allows company insiders to sell a predetermined number of shares at regular intervals, helping to avoid potential accusations of insider trading.
In other recent news, Carvana has attracted significant attention from analysts following its robust quarterly performance. Morgan Stanley (NYSE:MS) raised its price target for Carvana shares to $290, citing a record quarter and strong long-term guidance. DA Davidson maintained a Neutral rating with a price target of $260, acknowledging Carvana’s impressive performance and its ambitious, yet achievable, profitability targets. RBC Capital Markets increased their price target to $340, noting Carvana’s effective leverage of gross profit per unit and fixed costs, which could provide a long-term pricing advantage. Piper Sandler also expressed confidence by raising their price target to $315, highlighting Carvana’s fundamental momentum and high-visibility growth. Needham reaffirmed a Buy rating with a $340 target, emphasizing Carvana’s market potential and recent effective execution. These recent developments reflect a broad optimism among analysts about Carvana’s growth trajectory and market position.
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