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Ernest C. Garcia II, a ten percent owner of Carvana Co (NYSE:CVNA), sold 58,534 shares of Class A Common Stock on August 12, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $74.3 billion, has demonstrated remarkable performance with a 141% return over the past year, according to InvestingPro data. The sales, executed under a pre-arranged Rule 10b5-1 trading plan, fetched prices ranging from $335.4003 to $354.1745, resulting in a total transaction value of approximately $28.7 million.
On the same day, Garcia also converted 82,888 Class A Common Units into Class A Common Stock.
In other recent news, Carvana’s second-quarter 2025 results have led to a series of stock price target upgrades by various analyst firms. The company reported 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, according to JMP Securities. As a result, JPMorgan raised its price target to $415 while maintaining an Overweight rating. Needham increased its target to $500, citing Carvana as the "best large cap, profitable growth story" in its coverage. BTIG also lifted its target to $450, highlighting strong retail gross profit per unit and operational efficiency. DA Davidson adjusted its target to $380, maintaining a Neutral rating. JMP Securities raised its target to $460, continuing to see the company as a Market Outperformer.
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