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Ernest C. Garcia II, a ten percent owner of Carvana Co. (NYSE: NYSE:CVNA), sold a total of $52.4 million in Class A Common Stock on July 15 and 16, 2025. The sales were executed at prices ranging from $338.2915 to $357.7515. The sales come as Carvana’s stock has delivered an impressive 158% return over the past year, with the company achieving a market capitalization of $74.6 billion. According to InvestingPro analysis, the company maintains a perfect Piotroski Score of 9, indicating strong financial health.
The sales involved multiple transactions. On July 15, Garcia sold 1,501 shares at a weighted average price of $338.2915, 1,677 shares at $339.4376, 1,256 shares at $340.2663, 1,730 shares at $341.8172, 7,280 shares at $342.7512, 11,847 shares at $343.7163, 12,689 shares at $344.7397, 8,581 shares at $345.7534, 1,843 shares at $346.6615, 1,496 shares at $347.8388 and 100 shares at $348.62. On July 16, Garcia sold 1,257 shares at a weighted average price of $348.7251, 13,219 shares at $350.0447, 21,854 shares at $350.7861, 16,766 shares at $351.8977, 22,320 shares at $352.6636, 6,778 shares at $353.8708, 5,708 shares at $354.8349, 5,461 shares at $355.7787, 4,637 shares at $356.7291 and 2,000 shares at $357.7515. The stock currently trades at a P/E ratio of 110, with analysts expecting continued growth as the company approaches its next earnings release on July 30.
On July 15 and 16, Garcia also converted 50,000 and 100,000 Class A Units of Carvana Group, LLC into shares of Carvana Co. Class A Common Stock, respectively.
Additionally, on the same dates, 50,000 and 100,000 shares of Class B Common Stock were cancelled for no consideration in connection with the conversion of Class A Units into Class A Shares.
ECG II SPE, LLC, an entity wholly owned and controlled by Mr. Garcia, holds 8,000,000 shares of Class B Common Stock and 10,000,000 Class A Units.
The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024. For comprehensive analysis of Carvana’s valuation and growth prospects, including 20 additional key insights, visit InvestingPro for the detailed research report.
In other recent news, Carvana has seen a flurry of activity from various analysts who have adjusted their price targets and ratings based on the company’s performance. Citi raised its price target for Carvana to $415, citing stronger-than-expected sales and a 40% year-over-year increase in unit sales for the second quarter. Stephens also increased its price target to $375, noting a 45% growth in unit sales and improvements in EBITDA and EPS estimates. Citizens JMP maintained a Market Outperform rating with a $440 target, highlighting Carvana’s potential to outpace industry growth despite broader market challenges.
Jefferies adjusted its price target to $325, based on web scrape data indicating accelerated retail unit growth. BofA Securities lifted its price target to $375, emphasizing Carvana’s potential market share gains and eligibility for S&P 500 inclusion. These developments underscore Carvana’s continued expansion and strategic positioning in the automotive market. Analysts from these firms have shown confidence in Carvana’s ability to leverage its scale and technology to enhance growth, despite some industry headwinds.
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