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Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest C. Garcia III, through trusts, sold a total of $3.4 million in Class A Common Stock on August 15, 2025. The sales occurred at prices ranging from $339.1 to $350.56, amid the company’s strong 72.1% year-to-date stock performance and current market value of $78.48 billion.
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, 4,529 shares were sold.
Following these transactions, the Ernest Irrevocable 2004 Trust III holds 536,440 shares, and the Ernest C. Garcia III Multi-Generational Trust III holds 636,440 shares. Garcia also directly holds 923,155 shares.
The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Garcia on December 13, 2024. For deeper insights into Carvana’s valuation and growth metrics, including 16 additional ProTips, visit InvestingPro.
In other recent news, Carvana has reported strong second-quarter 2025 results, which have prompted several analyst firms to raise their price targets for the company. Notably, JPMorgan highlighted Carvana’s adjusted EBITDA of $601 million, surpassing both its own estimate of $530 million and the Bloomberg consensus of $551 million. This led JPMorgan to increase its price target from $350 to $415, maintaining an Overweight rating. Similarly, Needham raised its price target to $500 from $340, citing Carvana as a leading growth story in its sector with significant potential for market share expansion. BTIG also increased its price target to $450 from $395, pointing to strong retail gross profit per unit and operational efficiency. JMP Securities followed suit by raising its target to $460 from $440, acknowledging Carvana’s revenue and EBITDA surpassing consensus expectations by 6% and 9%, respectively. DA Davidson, while maintaining a Neutral rating, raised its price target from $260 to $380, noting Carvana’s year-over-year growth in used vehicle units. These developments reflect the company’s robust performance and positive outlook among analysts.
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