Carvana CEO Garcia sells $3.7 million in CVNA stock

Carvana Co. (NYSE:CVNA), the online used car retailer with a market capitalization of $79 billion, saw its Chief Executive Officer Ernest Garcia III indirectly sell a total of $3,703,437 worth of Class A Common Stock on October 7, 2025. The sales occurred at prices ranging from $363.49 to $377.07, near the stock’s current trading price of $360.91. According to InvestingPro data, CVNA has delivered an impressive 89% return over the past year, though the stock exhibits significant price volatility.

The transactions involved sales of Carvana Co. Class A Common Stock 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 multiple transactions. 100 shares were sold at $363.49 each, another 100 shares were sold at $363.49 each, 400 shares were sold at $364.77 each, another 400 shares were sold at $364.77 each, 400 shares were sold at $365.73 each, another 400 shares were sold at $365.73 each, 100 shares were sold at $366.51 each, 100 shares were sold at $367.24 each, 700 shares were sold at $367.90 each, another 700 shares were sold at $367.90 each, 150 shares were sold at $369.30 each, another 150 shares were sold at $369.30 each, 300 shares were sold at $370.48 each, another 300 shares were sold at $370.48 each, 881 shares were sold at $371.49 each, 880 shares were sold at $371.97 each, 1284 shares were sold at $372.43 each, 1285 shares were sold at $372.97 each, 435 shares were sold at $373.43 each, another 435 shares were sold at $373.43 each, 100 shares were sold at $374.76 each, another 100 shares were sold at $374.76 each, 100 shares were sold at $375.99 each, 100 shares were sold at $376.02 each, 50 shares were sold at $377.07 and another 50 shares were sold at $377.07.

Following these transactions, the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III indirectly hold 356440 and 456440 shares, respectively. Garcia also directly holds 920696 shares. InvestingPro analysis shows the company maintains a strong financial health score of "GOOD" and currently trades at Fair Value levels. Subscribers to InvestingPro can access 14 additional key insights about Carvana’s valuation and growth prospects through the platform’s comprehensive Pro Research Report.

The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024. With Carvana’s next earnings report due on October 29, 2025, investors seeking deeper insights into the company’s financial metrics, valuation multiples, and growth prospects can access detailed analysis through InvestingPro’s extensive research tools and reports.

In other recent news, Carvana has seen several positive developments. Moody’s Ratings upgraded Carvana’s corporate family rating to B2 from B3, citing improvements in operating performance and voluntary debt reduction. This upgrade also included an improvement in the company’s senior secured and unsecured global notes ratings. In addition, Jefferies upgraded Carvana’s stock rating from Hold to Buy, highlighting the company’s strong position to capitalize on the shift to digital in the used car market. JPMorgan also raised its price target for Carvana to $425, maintaining an Overweight rating and noting solid fundamentals. Meanwhile, Citizens JMP reiterated its Market Outperform rating with a $460 price target, pointing to favorable industry trends. These recent developments reflect a positive outlook for Carvana from multiple financial institutions.

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