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Carvana CEO Garcia sells $1.93 million in shares

Published 30/07/2025, 23:42
Carvana CEO Garcia sells $1.93 million in shares
CVNA
16.88%

Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest C. Garcia III, through associated trusts, sold a total of $1.93 million in Class A Common Stock on July 29, 2025. The sales occurred at prices ranging from $332.26 to $343.62, near the stock’s 52-week high of $364. The company, now valued at $72.58 billion, has seen its shares surge 163% over the past year. According to InvestingPro analysis, the stock is currently trading at fair value levels.

The transactions involved multiple sales of Class A Common Stock held indirectly through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. Specifically, 630 shares were sold at an average price of $332.26, 629 shares at $332.59, 386 shares at $333.39, 700 shares at $334.11, 701 shares at $334.54, 431 shares at $335.34, 220 shares at $336.21, 136 shares at $336.97, 135 shares at $337.14, 117 shares at $338.83, 174 shares at $339.85, 32 shares at $340.78, 25 shares at $342.96 and 32 shares at $343.62. InvestingPro data shows the stock trades at a P/E ratio of 107, reflecting investors’ high growth expectations.

Following these transactions, the Ernest Irrevocable 2004 Trust III holds 601,440 shares, and the Ernest C. Garcia III Multi-Generational Trust III holds 701,440 shares. Garcia also directly holds 924,384 shares.

The reported sales were executed under a Rule 10b5-1 trading plan adopted on December 13, 2024.

In other recent news, Carvana Co. reported impressive second-quarter financial results, surpassing analyst expectations. The company achieved revenue of $4.84 billion for the quarter ending June 30, 2025, exceeding the consensus estimate of $4.56 billion. This marks a 42% increase compared to the same period last year. Carvana also sold a record 143,280 retail units during the quarter, reflecting a 41% increase from the previous year. Additionally, the company provided optimistic guidance for the full year. These developments highlight Carvana’s strong performance and growth in the online used-car market. The company’s recent achievements have caught the attention of investors and analysts alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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