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A recent SEC filing revealed that Ernest C. Garcia II, a ten percent owner of Carvana Co. (NASDAQ:NYSE:CVNA), and ECG II SPE, LLC, engaged in sales of Class A Common Stock on July 8, 2025, totaling $35.3 million. The sales were executed at weighted average prices ranging from $343.4711 to $363.5 per share, near the stock’s 52-week high of $364. The company, currently valued at $75.47 billion, has seen its shares surge 179% over the past year. According to InvestingPro analysis, Carvana is trading near its Fair Value with a "GREAT" financial health rating.
The filing indicates that a total of 100,000 Class A shares were acquired through conversion of Class A Common Units. Simultaneously, 100,000 Class B shares were cancelled for no consideration.
Specifically, 47,474 shares of Class A Common Stock were sold. These sales were executed in multiple transactions.
These sales were executed under a Rule 10b5-1 trading plan adopted on December 13, 2024.
In other recent news, Carvana has seen a series of updates from various financial analysts, reflecting its notable performance in the second quarter. Citi has raised its price target for Carvana to $415, supported by strong sales data, which showed approximately 142,000 units sold, a 40% increase year-over-year. Stephens also increased its price target to $375, citing better-than-expected unit sales growth of 45% and higher EBITDA and EPS forecasts for 2025. Meanwhile, Citizens JMP reiterated a Market Outperform rating with a $440 price target, emphasizing Carvana’s growth potential and technological advancements in the automotive sector. Jefferies adjusted its price target to $325, based on web scrape data indicating accelerated retail unit growth. BofA Securities raised its target to $375, maintaining a Buy rating, and noted potential benefits from a shift in consumer preference from new to used cars. These developments suggest that Carvana is poised for continued growth, with several analysts expressing confidence in the company’s future performance.
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