Street Calls of the Week
Carvana Co. (NYSE:CVNA) Chief Executive Officer Ernest C. Garcia III sold a total of $3.57 million in Class A Common Stock on September 30, 2025. The sales, executed under a pre-arranged 10b5-1 trading plan, involved multiple transactions at prices ranging from $374.79 to $385.95. The stock, currently trading near its 52-week high of $413.33, has delivered an impressive return of 125% over the past year, according to InvestingPro data.
The transactions involved the disposal of shares held indirectly through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, for which Garcia serves as the Investment Trustee and Co-Administrative Trustee. With a market capitalization of $86 billion and strong financial health metrics, Carvana appears slightly overvalued based on InvestingPro’s Fair Value analysis.
Specifically, the sales comprised of the following: 104 shares sold at $374.79, 104 shares sold at $374.79, 296 shares sold at $375.87, 295 shares sold at $376.24, 937 shares sold at $377.34, 937 shares sold at $377.34, 510 shares sold at $378.41, 510 shares sold at $378.41, 1021 shares sold at $379.42, 1021 shares sold at $379.42, 427 shares sold at $380.36, 427 shares sold at $380.36, 670 shares sold at $381.56, 670 shares sold at $381.56, 350 shares sold at $382.75, 350 shares sold at $382.75, 171 shares sold at $383.64, 172 shares sold at $384.01, 215 shares sold at $385.17, 215 shares sold at $385.17 and 2 shares sold at $385.95 and 2 shares sold at $385.95.
Following these transactions, Garcia continues to indirectly hold a significant number of Carvana Co. Class A Common Stock through the aforementioned trusts. Additionally, he directly owns 921,926 shares of Carvana Co. (NYSE:CVNA).
The sales were reported to the Securities and Exchange Commission (SEC) on October 1, 2025.
In other recent news, Carvana has been the focus of several analyst updates following its strong performance. Jefferies upgraded Carvana’s stock rating to Buy, citing the company’s advantageous position in the shift towards digital sales in the used car market, and raised its price target to $475. JPMorgan also increased its price target to $425, maintaining an Overweight rating, and noted that Carvana’s stock performance has aligned with broader market indices following its robust second-quarter results. Citizens JMP reiterated its Market Outperform rating with a price target of $460, highlighting favorable industry trends that bolster Carvana’s business prospects.
In addition, DA Davidson raised its price target on Carvana to $380, acknowledging the company’s ability to surpass consensus estimates, particularly in year-over-year growth in used vehicle units. Meanwhile, Benchmark maintained its Buy rating on Sonic Automotive, with a price target of $80, amidst Amazon’s expansion into the automotive marketplace. This development includes Amazon’s collaboration with Hyundai, allowing customers to purchase new vehicles through its platform. These updates reflect recent developments in the automotive retail sector, with Carvana receiving significant attention from analysts.
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