Siebel, Thomas M, CEO of C3.ai, sells $7.6m in stock
Ernest C. Garcia II, a ten percent owner of Carvana Co. (NASDAQ:NYSE:CVNA), sold shares of Class A Common Stock on July 23 and July 24, 2025, according to a recent SEC Filing. The sales amounted to a total of $33,556,603, with prices ranging from $329.0576 to $341.7838. The transactions come as Carvana, now valued at $44.8 billion, has delivered an impressive 150% return over the past year. According to InvestingPro, the company maintains a perfect Piotroski Score of 9, indicating strong financial health.
The transactions on July 23 involved the sale of 1,100 shares at a weighted average price of $332.5493, 990 shares at $333.3509, 4,785 shares at $334.5388, 12,055 shares at $335.4268, 7,166 shares at $336.3778, 5,251 shares at $337.3530, 5,188 shares at $338.5274, 4,000 shares at $339.5170, 6,933 shares at $340.4597 and 2,532 shares at $341.2471.
On July 24, the sales continued with 4,032 shares sold at a weighted average price of $329.0576, 5,185 shares at $330.2262, 6,103 shares at $331.1472, 3,321 shares at $332.1783, 7,175 shares at $333.2738, 8,794 shares at $334.2765, 2,612 shares at $334.9488, 2,891 shares at $336.2406, 1,200 shares at $337.2695, 2,648 shares at $338.1170, 3,481 shares at $339.4060, 805 shares at $340.4806 and 1,753 shares at $341.7838.
On both July 23 and 24, Garcia also converted 50,000 Class A Units into shares of Class A Common Stock. With Carvana’s next earnings report due in 4 days, investors can access comprehensive analysis and 18 additional ProTips through InvestingPro’s detailed research report.
In other recent news, Carvana has been the focus of several analyst updates and market observations. Citi has increased its price target for Carvana to $415, citing stronger-than-expected sales data, with approximately 142,000 units sold in the second quarter, marking a 40% increase from the previous year. Stephens also raised its price target to $375, highlighting expectations of second-quarter unit sales growth of 45%, surpassing both its previous estimates and Wall Street’s consensus. Meanwhile, JPMorgan adjusted its price target to $350, maintaining an Overweight rating and forecasting a Q3 2025 EBITDA of around $570 million, assuming consistent unit growth. BTIG reported that Carvana’s vehicle discounting has returned to normal levels following a period of significant market fluctuations earlier this year. Citizens JMP reiterated its Market Outperform rating with a price target of $440, noting that the automotive market remains stable despite earlier demand shifts due to tariff announcements. These developments reflect a general optimism among analysts about Carvana’s performance and future prospects.
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