Intel stock spikes after report of possible US government stake
A Form 4 filing revealed that a 10% owner of CARVANA CO. (NYSE:CVNA), Ernest C. Garcia II, and ECG II SPE, LLC, sold a total of $42.5 million in Class A Common Stock over two days. The sales occurred on August 8 and August 11, 2025, with prices ranging from $339.9863 to $356.375. The transactions come as Carvana , now valued at $75.12 billion, has seen its stock surge 158% over the past year. According to InvestingPro analysis, the company maintains a GOOD financial health score, with 17 additional key insights available to subscribers.
On August 8, Garcia sold 44,820 shares of Class A Common Stock in multiple transactions with prices ranging from $341.69 to $356.40. These transactions amounted to approximately $15.4 million.
On August 11, Garcia sold 42,560 shares of Class A Common Stock, with prices ranging from $339.27 to $348.98, totaling roughly $27.1 million.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024, by Ernest C. Garcia II and Elizabeth Joanne Garcia.
In addition, on August 8 and August 11, Garcia converted Class A Units of Carvana Group, LLC into 122,500 shares of Carvana Co. Class A Common Stock. Get comprehensive insights into Carvana’s valuation, financial health, and growth prospects through the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Carvana has reported strong second-quarter 2025 earnings, with adjusted EBITDA reaching $601 million, surpassing both JPMorgan’s estimate of $530 million and the Bloomberg consensus of $551 million. The company’s revenue and EBITDA exceeded consensus expectations by 6% and 9%, respectively, as noted by JMP Securities. Following these impressive results, several analyst firms have raised their price targets for Carvana. JPMorgan increased its target to $415 from $350, maintaining an Overweight rating. Needham also raised its target significantly to $500 from $340, citing Carvana as the "best large cap, profitable growth story" in its coverage. BTIG adjusted its price target to $450 from $395, highlighting strong retail gross profit per unit and operational performance. DA Davidson increased its target to $380 from $260, while JMP Securities set a new target of $460 from $440, both acknowledging the company’s robust quarterly performance. These developments reflect positive sentiment among analysts regarding Carvana’s future prospects.
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