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Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest C. Garcia III, through trusts, sold a total of $2.84 million worth of Class A Common Stock on July 31, 2025. The sales occurred at prices ranging from $383.85 to $396.03. The stock, currently trading at $367.78, has surged nearly 92% year-to-date, with InvestingPro data indicating the shares are trading above their Fair Value.
The transactions involved the sale of shares held indirectly through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. A total of 7,243 shares were sold, executed in multiple trades at different price ranges. The company, now valued at over $80 billion, has shown remarkable momentum with a 166% return over the past year.
These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Garcia on December 13, 2024. Following these transactions, the Ernest Irrevocable 2004 Trust III holds 592790 shares, and the Ernest C. Garcia III Multi-Generational Trust III holds 692790 shares. Garcia also directly holds 924384 shares. For deeper insights into Carvana’s valuation and 22 additional key metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Carvana has reported strong second-quarter 2025 results, prompting several analysts to raise their price targets for the company. JPMorgan increased its price target to $415, noting that Carvana’s adjusted EBITDA of $601 million surpassed both its own estimate of $530 million and the Bloomberg consensus of $551 million. Needham also raised its price target to $500, citing Carvana as a standout in the large-cap, profitable growth sector with significant market share expansion potential. BTIG set a new price target of $450, highlighting Carvana’s strong retail gross profit per unit and operational efficiency. JMP Securities increased its price target to $460, acknowledging Carvana’s revenue and EBITDA exceeding consensus expectations by 6% and 9%, respectively. DA Davidson raised its target to $380, maintaining a Neutral rating but recognizing year-over-year growth in used vehicle units. These developments reflect a positive outlook from the analyst community regarding Carvana’s recent performance.
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