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Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest C. Garcia III, through associated trusts, sold 16,807 shares of Class A Common Stock on June 23 and 24, 2025, for approximately $6.3 million. The sales, executed under a pre-arranged 10b5-1 trading plan, occurred at prices ranging from $309.74 to $327.82. The stock has shown remarkable performance, delivering a 151% return over the past year, with the company achieving a perfect Piotroski Score of 9 and revenue growth of 32%.
The transactions involved the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. On June 23, each trust sold 5,000 shares at $309.74 per share. On June 24, the Ernest Irrevocable 2004 Trust III sold 173 shares at $322.36, 1,103 shares at $323.84, 1,597 shares at $324.56, 1,145 shares at $325.56, 932 shares at $326.56 and 50 shares at $327.82. The Ernest C. Garcia III Multi-Generational Trust III sold 172 shares at $322.75, 1,103 shares at $323.84, 1,598 shares at $324.89, 1,144 shares at $326.08, 933 shares at $326.91 and 50 shares at $327.82 on the same day. According to InvestingPro, Carvana currently trades at a P/E ratio of 100, reflecting high growth expectations.
Following these transactions, the Ernest Irrevocable 2004 Trust III directly holds 721,440 shares and the Ernest C. Garcia III Multi-Generational Trust III directly holds 821,440 shares. Garcia also directly holds 925,613 shares. For comprehensive analysis of Carvana’s valuation and 20 key insights, visit InvestingPro.
In other recent news, Carvana has been the focus of multiple analyst updates regarding its financial performance and future prospects. BofA Securities analyst Michael McGovern raised the price target for Carvana to $375, maintaining a Buy rating, citing factors like a potential shift from new to used cars and the company’s eligibility for the S&P 500 index. Jefferies analysts also increased their price target to $315, though they maintained a Hold rating, noting a 47% year-over-year growth in retail unit sales through May 10. Morgan Stanley (NYSE:MS) raised their price target to $290, retaining an Overweight rating, following what they described as a record quarter for Carvana. DA Davidson kept a Neutral rating with a $260 price target, acknowledging the company’s strong performance this earnings season. These developments come amidst Carvana’s efforts to scale its offerings and achieve higher profitability targets, which analysts have noted are ambitious but potentially achievable. Additionally, the potential for a car loan interest deduction could further support Carvana’s business, as noted by BofA. The company’s recent growth has been significant, with analysts closely monitoring its strategies and market performance.
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