Carvana CEO Garcia sells shares worth $2.6m

Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest C. Garcia III, through associated trusts, sold a total of $2,619,217 worth of Class A Common Stock on August 4, 2025. The sales occurred at prices ranging from $353.48 to $365.98. The transaction comes as Carvana’s stock has surged 166% over the past year, with the company generating $16.27 billion in revenue over the last twelve months.

The transactions involved the sale of shares held by the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. Specifically, the trusts sold a combined total of 7,116 shares of Carvana Co. Class A Common Stock.

Following these transactions, the Ernest Irrevocable 2004 Trust III holds 582,813 shares, and the Ernest C. Garcia III Multi-Generational Trust III holds 682,813 shares. Garcia also directly holds 923,155 shares.

The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024. For comprehensive insider trading analysis and additional insights, investors can access detailed reports through InvestingPro, which features 18 key investment tips for Carvana.

In other recent news, Carvana’s second-quarter results have prompted several analysts to adjust their outlook on the company. The online used car retailer reported impressive earnings, with adjusted EBITDA reaching $601 million, surpassing both JPMorgan’s estimate of $530 million and Bloomberg’s consensus of $551 million. Revenue and EBITDA also exceeded consensus expectations by 6% and 9%, respectively, according to JMP Securities. As a result, several firms have raised their price targets for Carvana. Needham increased its target to $500, noting Carvana’s unique position and potential for market share growth. JPMorgan also raised its target to $415, maintaining an Overweight rating. BTIG adjusted its price target to $450, citing strong retail gross profit and operational metrics. DA Davidson and JMP Securities also increased their targets to $380 and $460, respectively, reflecting the company’s strong performance and future potential.

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