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Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest C. Garcia III, through related trusts, sold a total of $3.3 million in Class A Common Stock on July 25, 2025. The sales were executed at prices ranging from $329.66 to $339.44, near the stock’s 52-week high of $364. The company, now valued at $72.5 billion, has delivered an impressive 153% return over the past year. According to InvestingPro analysis, the stock is currently trading close to its Fair Value.
The transactions involved the sale of shares held by the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III.
Specifically, the Ernest Irrevocable 2004 Trust III sold a total of 4,761 shares in multiple transactions. The Ernest C. Garcia III Multi-Generational Trust III sold a total of 4,767 shares in multiple transactions.
These sales were executed under a Rule 10b5-1 trading plan adopted by Garcia on December 13, 2024. Following these transactions, the Ernest Irrevocable 2004 Trust III holds 611,440 shares and the Ernest C. Garcia III Multi-Generational Trust III holds 711,440 shares. Garcia directly holds 924,384 shares.
In other recent news, Carvana Co. announced plans to expand its Inspection and Reconditioning Center capabilities at its ADESA Seattle auction site in Auburn, Washington. This development aims to boost the company’s national reconditioning capacity and enhance services for retail and wholesale customers in the Pacific Northwest. In a separate update, research firm BTIG indicated that Carvana’s vehicle discounting has returned to pre-tariff scare levels, maintaining a Buy rating with a $395 price target. JPMorgan has also adjusted its outlook, raising Carvana’s stock price target to $350 from $325, while maintaining an Overweight rating and projecting EBITDA estimates for Q2 and Q3 of 2025.
Additionally, Citi has increased its price target for Carvana to $415, citing strong sales tracking data. The investment bank noted that Carvana sold approximately 142,000 units in the second quarter, marking a 40% year-over-year increase and surpassing both consensus estimates and company guidance. Stephens also raised its price target to $375, highlighting better-than-expected unit sales growth of 45% for the second quarter. These recent developments reflect a positive outlook from multiple analyst firms regarding Carvana’s performance and potential growth.
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