Carvana CEO Garcia sells $3.4 million in shares

Carvana Co. (NYSE:CVNA), the online used car retailer with a market capitalization of $76.38 billion and an impressive year-to-date return of 72%, saw its Chief Executive Officer Ernest C. Garcia III indirectly sell a total of 9,285 shares of Class A Common Stock on August 11, 2025, according to a Form 4 filing with the Securities and Exchange Commission. InvestingPro analysis shows the stock has delivered a remarkable 138.84% return over the past year, though it maintains relatively volatile price movements. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched prices ranging from $340.46 to $348.50, resulting in a total transaction value of $3,446,392.

The transactions involved sales from two trusts where Garcia serves as the Investment Trustee and Co-Administrative Trustee: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. According to InvestingPro data, Carvana’s stock is currently trading near its Fair Value, with the company showing strong financial health metrics and 17 key investment insights available to subscribers.

Specifically, the Ernest Irrevocable 2004 Trust III sold shares in multiple transactions: two sales of 159 shares each at a price of $340.46, two sales of 334 shares each at a price of $341.74, two sales of 265 shares each at a price of $342.85, a sale of 763 shares at $343.65, a sale of 1,957 shares at $344.60, two sales of 929 shares and 299 shares at prices of $345.37 and $346.35 respectively, two sales of 243 shares at $347.57, and two sales of 51 shares at $348.50.

The Ernest C. Garcia III Multi-Generational Trust III executed similar sales: two sales of 159 shares each at a price of $340.46, two sales of 334 shares each at a price of $341.74, two sales of 265 shares each at a price of $342.85, a sale of 762 shares at $343.93, a sale of 1,958 shares at $345.02, two sales of 928 shares and 300 shares at prices of $345.85 and $347.00 respectively, two sales of 243 shares at $347.57 and two sales of 51 shares at $348.50.

Following these transactions, the Ernest Irrevocable 2004 Trust III holds 556,440 shares, the Ernest C. Garcia III Multi-Generational Trust III holds 656,440 shares and Mr. Garcia directly owns 923,155 shares of Carvana Co. For deeper insights into insider trading patterns and comprehensive analysis of Carvana’s financial health, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks with expert analysis and actionable intelligence.

In other recent news, Carvana has reported significant developments that have caught the attention of multiple analyst firms. The company’s second-quarter 2025 results exceeded expectations, with adjusted EBITDA reaching $601 million, surpassing both JPMorgan’s estimate of $530 million and the Bloomberg consensus of $551 million. Revenue and EBITDA exceeded consensus expectations by 6% and 9%, respectively, as noted by JMP Securities. Following these results, several firms have raised their price targets for Carvana. Needham increased its price target to $500, maintaining a Buy rating, while highlighting Carvana as a leading growth story in its sector. JPMorgan raised its target to $415, maintaining an Overweight rating. BTIG adjusted its target to $450, citing strong retail gross profit and operational performance. Additionally, DA Davidson raised its price target to $380, maintaining a Neutral rating. JMP Securities also increased its target to $460, acknowledging the company’s robust quarterly performance.

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