Carvana co (CVNA) CEO Garcia sells $3.4 million in stock

Carvana Co (NYSE:CVNA). NASDAQ:CVNA Chief Executive Officer Ernest Garcia III, through trusts, sold a total of $3.4 million worth of Class A Common Stock on August 14, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the online used car retailer, now valued at $78.5 billion, has seen its stock surge over 124% in the past year. According to InvestingPro analysis, the company maintains a "GOOD" financial health score.

The sales, executed through multiple transactions, saw shares disposed of at prices ranging from $341.47 to $348.74. The transactions involved the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. With the stock currently trading at $359.51, InvestingPro data suggests the shares are trading above their Fair Value, with multiple valuation metrics showing elevated levels.

Specifically, the trusts disposed of shares in several tranches: 179 shares were sold, another 179 shares were sold, 729 shares were sold, 728 shares were sold, 692 shares were sold, another 692 shares were sold, 1605 shares were sold, another 1605 shares were sold, 1220 shares were sold, 1221 shares were sold, 310 shares were sold, another 310 shares were sold, 239 shares were sold, another 239 shares were sold, 26 shares were sold, and finally another 26 shares were sold.

Following these transactions, the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III indirectly hold 541440 and 641440 shares respectively. Garcia also directly holds 923155 shares.

The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. For deeper insights into Carvana’s valuation, insider trading patterns, and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

In other recent news, Carvana’s second-quarter 2025 results have led to several notable analyst upgrades. The company reported adjusted EBITDA of $601 million, surpassing both JPMorgan’s estimate of $530 million and Bloomberg’s consensus of $551 million. Carvana’s revenue and EBITDA exceeded consensus expectations by 6% and 9%, respectively, according to JMP Securities. Following these results, DA Davidson, JPMorgan, Needham, BTIG, and JMP Securities have all raised their price targets for Carvana. DA Davidson increased its target to $380 while maintaining a Neutral rating. JPMorgan raised its target to $415, keeping an Overweight rating. Needham, citing Carvana as a leading growth story, raised its target to $500 with a Buy rating. BTIG increased its target to $450, also maintaining a Buy rating, and highlighted strong margins and unit sales. Finally, JMP Securities raised its target to $460, maintaining a Market Outperform rating.

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