Gold sector still trails past peaks in market share and valuation: BofA
Carvana Co. (NYSE:CVNA) Chief Executive Officer Ernest Garcia III sold a total of $3.66 million in Class A Common Stock on September 4, 2025. The sales, executed by proxy, occurred at prices ranging from $358.46 to $371.90. The transactions come as Carvana , now valued at $79 billion, has delivered a remarkable 155% return over the past year. According to InvestingPro data, the company has shown strong revenue growth of 39% in the last twelve months.
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. Specifically, a series of sales were executed at various prices: 300 shares were sold at an average price of $359, another 300 at $359, 100 shares at $359.85, and another 100 shares at $359.85. Additional sales included 592 shares at an average of $361.52, 591 shares at $361.92, 903 shares at $362.62, and another 903 shares at $362.62. Further transactions involved the sale of 355 shares at $363.33, 356 shares at $363.80, 250 shares at $364.73, and another 250 shares at $364.73. Additionally, 550 shares were sold at $365.73, another 550 shares at $365.73, 250 shares at $366.79, and another 250 shares at $366.79. The sales continued with 150 shares at $367.87, another 150 shares at $367.87, 100 shares at $368.85, and another 100 shares at $368.85. The final transactions included 444 shares at $370.60, 444 shares at $370.60, 1006 shares at $371.48 and another 1006 shares at $371.48.
These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024. Following these transactions, the trusts still hold a significant number of Carvana Co. shares. The Ernest Irrevocable 2004 Trust III holds 471440 shares and the Ernest C. Garcia III Multi-Generational Trust III holds 571440 shares. Garcia directly owns 921926 shares. InvestingPro analysis shows the company maintains a healthy financial position with a current ratio of 4.0, indicating strong liquidity. Subscribers can access 14 additional key insights about Carvana’s financial health and growth prospects through InvestingPro’s comprehensive research reports.
In other recent news, Carvana has reported significant developments following its second-quarter results. JPMorgan increased its price target for Carvana to $415 from $350, noting that the company’s adjusted EBITDA of $601 million surpassed both its estimate of $530 million and Bloomberg’s consensus of $551 million. Additionally, Needham raised its price target on Carvana to $500 from $340, maintaining a Buy rating and highlighting Carvana as a standout in its industry with potential for market share growth. DA Davidson also revised its price target upward to $380 from $260, despite keeping a Neutral rating, after Carvana exceeded consensus estimates on various metrics, including year-over-year growth in used vehicle units. Furthermore, Citizens JMP reiterated its Market Outperform rating with a $460 price target, attributing its positive outlook to favorable industry trends. In related news, Sonic Automotive received attention as Benchmark maintained its Buy rating and $80 price target amid Amazon’s expansion into the automotive marketplace. Amazon has partnered with Hyundai to facilitate vehicle purchases, enhancing its role as a listing agent across numerous markets. These updates reflect ongoing strategic movements and analyst assessments in the automotive sector.
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