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Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest C. Garcia III, through associated trusts, sold a total of $1.06 million in Class A Common Stock on August 5, 2025. The sales, executed under a prearranged Rule 10b5-1 trading plan, occurred at prices ranging from $362.14 to $368.44. The stock has shown remarkable momentum, delivering a 178% return over the past year and currently commands a market capitalization of $77.9 billion. According to InvestingPro analysis, Carvana is currently trading near its Fair Value.
The transactions involved multiple sales of Carvana Co. Class A Common Stock held by the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, for which Garcia serves as the Investment Trustee and Co-Administrative Trustee.
Specifically, the trusts sold shares in multiple transactions at the following weighted average prices: $362.14, $363.27, $363.80, $364.28, $363.24, $365.87, $366.34, $366.87, $368.07 and $368.44.
Following these transactions, the Ernest Irrevocable 2004 Trust III holds 576440 shares, and the Ernest C. Garcia III Multi-Generational Trust III holds 676440 shares. Garcia also directly holds 923155 shares of Carvana Co.
In other recent news, Carvana’s second-quarter 2025 results have captured the attention of several analyst firms, leading to significant upward revisions of the company’s stock price targets. JPMorgan raised its price target to $415 from $350, citing results that were "well ahead of expectations" with an adjusted EBITDA of $601 million, surpassing both JPMorgan’s and Bloomberg’s estimates. Needham also increased its target to $500 from $340, maintaining a Buy rating and highlighting Carvana as a leading growth story in a fragmented industry. Similarly, BTIG adjusted its price target to $450 from $395, praising the company’s strong retail gross profit per unit and overall performance. JMP Securities lifted its target to $460 from $440, noting that Carvana’s revenue and EBITDA exceeded consensus expectations by 6% and 9%, respectively. DA Davidson also raised its price target to $380 from $260, maintaining a Neutral rating while acknowledging the company’s year-over-year growth in used vehicle units. These developments reflect the positive sentiment among analysts regarding Carvana’s recent financial performance and market position.
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