Intel stock extends gains after report of possible U.S. government stake
Ernest C. Garcia II, a ten percent owner of Carvana Co. (NYSE:CVNA), sold 83,451 shares of Class A Common Stock on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as Carvana , now valued at $74.3 billion, has delivered a remarkable 141% return over the past year, according to InvestingPro data. The sales were executed at weighted average prices ranging from $344.3296 to $351.0997, resulting in a total transaction value of approximately $33.2 million.
The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024, by Ernest C. Garcia II and Elizabeth Joanne Garcia.
On the same day, Garcia converted 95,087 Class A Common Units of Carvana Group, LLC into shares of Carvana Co. Class A Common Stock. Currently trading near its InvestingPro Fair Value, Carvana shows promising growth prospects with analysts expecting increased sales this year.
In other recent news, Carvana has reported strong second-quarter 2025 results, which have led to a series of analyst firms raising their stock price targets for the company. JPMorgan increased its price target to $415, noting that Carvana’s adjusted EBITDA of $601 million surpassed both its own estimate of $530 million and the Bloomberg consensus of $551 million. Needham also raised its price target to $500, maintaining a Buy rating and highlighting Carvana as a leading growth story with room for market share expansion. DA Davidson adjusted its target to $380, maintaining a Neutral rating while acknowledging the company’s year-over-year growth in used vehicle units. BTIG set a new target of $450, citing strong retail gross profit per unit and operational efficiency. JMP Securities raised its target to $460, mentioning that Carvana’s revenue and EBITDA exceeded consensus expectations by 6% and 9%, respectively. These developments reflect a positive outlook from analysts following Carvana’s recent performance.
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