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Ernest C. Garcia II, a ten percent owner of Carvana Co. (NYSE: NYSE:CVNA), sold a total of 54,938 shares of Class A Common Stock on June 24 and June 25, 2025. The sales were executed at prices ranging from $325.1499 to $327.1244, resulting in a total transaction value of approximately $17.9 million. The transaction comes as Carvana, now valued at $66.16 billion, maintains a perfect Piotroski Score of 9 according to InvestingPro analysis, indicating strong financial health.
The sales were executed under a 10b5-1 trading plan adopted on December 13, 2024, by Ernest C. Garcia II and Elizabeth Joanne Garcia.
On June 24, Garcia sold 33,265 shares at a weighted average price of $325.4713, 16,202 shares at a weighted average price of $326.4543, and 533 shares at a weighted average price of $327.1244. On June 25, Garcia sold 4,971 shares at a weighted average price of $325.1499.
In addition, a total of 54,971 Class A Units were converted into Class A Common Stock on June 24 and June 25. Also, 54,971 Class B shares were cancelled for no consideration. For deeper insights into Carvana’s valuation and 19 additional exclusive ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Carvana has seen a series of updates from various analysts regarding its stock price targets and ratings. BofA Securities analyst Michael McGovern increased the price target for Carvana to $375, maintaining a Buy rating, citing potential market share gains and eligibility for the S&P 500 index. Jefferies analysts also raised their target to $315 but kept a Hold rating, noting a 47% year-over-year growth in retail units. Morgan Stanley (NYSE:MS) set a new price target of $290 with an Overweight rating, highlighting a record quarter and a broader market rebound as key factors. Meanwhile, DA Davidson maintained a Neutral rating with a $260 target, acknowledging Carvana’s strong quarterly performance and ambitious profitability goals. These recent developments reflect a range of perspectives on Carvana’s future, with analysts considering factors such as market trends, growth potential, and competitive positioning.
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