Carvana CEO Garcia sells $3.66m in shares

Carvana (NASDAQ:CVNA) Chief Executive Officer Ernest Garcia III sold a total of $3.66 million in Class A Common Stock on September 26, 2025. The sales, executed under a pre-arranged 10b5-1 trading plan, involved multiple transactions with prices ranging from $361.22 to $369.93. The stock, which has delivered a remarkable 117% return over the past year, currently trades at $392.66, near its 52-week high of $413.33. InvestingPro analysis indicates the stock is trading above its Fair Value, with 16 additional key insights available to subscribers.

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.

Specifically, the sales included:

500 shares sold at $361.22 per share, totaling $180,610

600 shares sold at $362.72 per share, totaling $217,632

500 shares sold at $363.73 per share, totaling $181,865

1200 shares sold at $364.85 per share, totaling $437,820

754 shares sold at $365.96 per share, totaling $275,934.

2482 shares sold at $367.20 per share, totaling $911,390.

3126 shares sold at $368.11 per share, totaling $1,150,382.

638 shares sold at $368.93 per share, totaling $235,371.

200 shares sold at $369.93 per share, totaling $73,986.

Following these transactions, Garcia continues to indirectly hold a substantial number of Carvana shares through the aforementioned trusts, in addition to directly owning 921,926 shares of Class A Common Stock. With a market capitalization of $85.8 billion and a P/E ratio of 97, Carvana’s valuation metrics suggest premium pricing. Get comprehensive insights into Carvana’s valuation and future prospects with a detailed InvestingPro Research Report, part of our coverage of 1,400+ US stocks.

In other recent news, Carvana has been the focus of multiple analyst updates following its second-quarter performance. The company reported adjusted EBITDA of $601 million, surpassing both JPMorgan’s estimate of $530 million and Bloomberg’s consensus of $551 million. This strong performance has led to several price target adjustments by analysts. JPMorgan increased its price target for Carvana to $425 from $415, maintaining an Overweight rating due to the company’s solid fundamentals. Similarly, DA Davidson raised its target to $380 from $260, while keeping a Neutral rating, citing Carvana’s year-over-year growth in used vehicle units. Citizens JMP reiterated its Market Outperform rating with a price target of $460, highlighting favorable industry trends supporting Carvana’s business outlook. Meanwhile, Benchmark maintained a Buy rating on Sonic Automotive amid Amazon’s expansion into the automotive marketplace, which may influence the broader industry. These developments reflect a positive sentiment among analysts regarding Carvana’s recent performance and future prospects.

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