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Ernest C. Garcia II, a ten percent owner of Carvana Co (NASDAQ:NYSE:CVNA), sold a total of 90,299 shares of Class A Common Stock on August 4, 2025, for approximately $36.2 million. The sales were executed at weighted average prices ranging from $353.8135 to $370.7784. The transaction comes as Carvana’s stock has shown remarkable strength, delivering a 175% return over the past year. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score.
The sales were executed in multiple transactions pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024.
On the same day, Garcia converted 100,000 Class A Units of Carvana Group, LLC into Class A Common Stock of Carvana Co. Additionally, 125,000 Class A Units were also converted.
These transactions are detailed in a Form 4 filing with the Securities and Exchange Commission. Following these transactions, Garcia directly owns 0 shares of Class A Common Stock. He also directly owns 35,042,792 shares of Class B Common Stock and indirectly owns 8,000,000 shares of Class B Common Stock through ECG II SPE, LLC. For deeper insights into Carvana’s valuation and 18 additional exclusive ProTips, visit InvestingPro.
In other recent news, Carvana has reported strong financial performance, leading to a series of stock price target increases by several analyst firms. The company’s second-quarter 2025 results showed adjusted EBITDA of $601 million, surpassing both JPMorgan’s estimate of $530 million and Bloomberg’s consensus of $551 million. Revenue and EBITDA exceeded consensus expectations by 6% and 9%, respectively, as noted by JMP Securities. Following these results, DA Davidson raised its price target for Carvana to $380, maintaining a Neutral rating. JPMorgan increased its price target to $415 and upheld an Overweight rating. Needham raised its target to $500, citing Carvana as a leading growth story with significant market share expansion potential. BTIG set a new target of $450, highlighting strong retail gross profit per unit and operational performance. Lastly, JMP Securities lifted its price target to $460, maintaining a Market Outperform rating. These developments reflect the positive sentiment among analysts regarding Carvana’s recent performance.
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