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[Form 4] Carvana Co. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Carvana Co. (CVNA) CEO, director and 10% owner Ernest C. Garcia III disclosed the indirect sale of 13,456 Class A shares on 28-29 Jul 2025 via two family trusts. Sale prices ranged from $328.20 to $338.66, implying gross proceeds of roughly $4.5 million. All dispositions were carried out under a Rule 10b5-1 plan adopted 13 Dec 2024, indicating the trades were pre-scheduled and not based on near-term corporate developments.

After these transactions, the Ernest Irrevocable 2004 Trust III holds about 604 k shares and the Ernest C. Garcia III Multi-Generational Trust III retains roughly 706 k shares, leaving Garcia’s combined indirect interest above 1.3 million shares. No derivative activity or changes in direct ownership were reported. While the dollar amount is modest relative to his remaining stake, the filing informs investors of ongoing insider selling and updates the beneficial ownership table. No operational or financial metrics were provided.

Ernest C. Garcia III, CEO, direttore e azionista al 10% di Carvana Co. (CVNA), ha comunicato la vendita indiretta di 13.456 azioni di Classe A avvenuta tra il 28 e il 29 luglio 2025 tramite due trust familiari. I prezzi di vendita sono variati da $328,20 a $338,66, per un ricavato lordo di circa 4,5 milioni di dollari. Tutte le operazioni sono state effettuate nell’ambito di un piano Rule 10b5-1 adottato il 13 dicembre 2024, il che indica che le transazioni erano programmate in anticipo e non basate su sviluppi aziendali a breve termine.

Dopo queste operazioni, il Ernest Irrevocable 2004 Trust III detiene circa 604 mila azioni e il Ernest C. Garcia III Multi-Generational Trust III mantiene circa 706 mila azioni, lasciando l’interesse indiretto combinato di Garcia sopra 1,3 milioni di azioni. Non sono state segnalate attività derivati né variazioni nella proprietà diretta. Sebbene l’importo in dollari sia modesto rispetto alla sua partecipazione residua, la comunicazione informa gli investitori delle vendite interne in corso e aggiorna la tabella della proprietà effettiva. Non sono stati forniti dati operativi o finanziari.

Ernest C. Garcia III, CEO, director y propietario del 10% de Carvana Co. (CVNA), reveló la venta indirecta de 13,456 acciones Clase A entre el 28 y 29 de julio de 2025 a través de dos fideicomisos familiares. Los precios de venta oscilaron entre $328.20 y $338.66, lo que implica ingresos brutos aproximados de $4.5 millones. Todas las operaciones se realizaron bajo un plan Rule 10b5-1 adoptado el 13 de diciembre de 2024, lo que indica que las transacciones fueron programadas previamente y no basadas en desarrollos corporativos a corto plazo.

Tras estas transacciones, el Ernest Irrevocable 2004 Trust III posee alrededor de 604 mil acciones y el Ernest C. Garcia III Multi-Generational Trust III retiene aproximadamente 706 mil acciones, dejando el interés indirecto combinado de Garcia por encima de 1.3 millones de acciones. No se reportaron actividades derivadas ni cambios en la propiedad directa. Aunque el monto en dólares es modesto en relación con su participación restante, el informe informa a los inversores sobre la venta continua por parte de los insiders y actualiza la tabla de propiedad beneficiaria. No se proporcionaron métricas operativas ni financieras.

Carvana Co.(CVNA)의 CEO이자 이사이며 10% 지분 보유자인 어니스트 C. 가르시아 3세는 2025년 7월 28일부터 29일까지 두 개의 가족 신탁을 통해 간접적으로 13,456주의 클래스 A 주식 매각을 공시했습니다. 매각 가격은 $328.20에서 $338.66 사이였으며, 총 매출액은 약 450만 달러에 달합니다. 모든 거래는 2024년 12월 13일 채택된 Rule 10b5-1 계획에 따라 이루어져, 해당 거래들이 사전 예약된 것이며 단기 기업 개발에 따른 것이 아님을 나타냅니다.

이 거래 이후, Ernest Irrevocable 2004 Trust III는 약 60만 4천 주를 보유하고 있으며, Ernest C. Garcia III Multi-Generational Trust III는 약 70만 6천 주를 유지하여 가르시아의 간접 지분 총합은 130만 주 이상입니다. 파생상품 활동이나 직접 소유권 변경은 보고되지 않았습니다. 남은 지분에 비해 금액은 적지만, 이번 공시는 내부자 매도 현황을 투자자에게 알리고 실질 소유권 표를 업데이트하는 역할을 합니다. 운영 또는 재무 지표는 제공되지 않았습니다.

Ernest C. Garcia III, PDG, administrateur et détenteur de 10 % de Carvana Co. (CVNA), a déclaré la vente indirecte de 13 456 actions de classe A les 28 et 29 juillet 2025 via deux trusts familiaux. Les prix de vente variaient entre 328,20 $ et 338,66 $, ce qui implique un produit brut d'environ 4,5 millions de dollars. Toutes les cessions ont été réalisées dans le cadre d’un plan Rule 10b5-1 adopté le 13 décembre 2024, indiquant que les transactions étaient préprogrammées et non basées sur des développements d’entreprise à court terme.

Après ces opérations, le Ernest Irrevocable 2004 Trust III détient environ 604 000 actions et le Ernest C. Garcia III Multi-Generational Trust III conserve environ 706 000 actions, laissant l’intérêt indirect combiné de Garcia au-dessus de 1,3 million d’actions. Aucune activité sur dérivés ni changement dans la propriété directe n’a été signalé. Bien que le montant en dollars soit modeste par rapport à sa participation restante, le dépôt informe les investisseurs des ventes continues des initiés et met à jour le tableau de la propriété bénéficiaire. Aucune donnée opérationnelle ou financière n’a été fournie.

Ernest C. Garcia III, CEO, Direktor und 10%-Eigentümer von Carvana Co. (CVNA), gab den indirekten Verkauf von 13.456 Class-A-Aktien am 28. und 29. Juli 2025 über zwei Familienstiftungen bekannt. Die Verkaufspreise lagen zwischen 328,20 und 338,66 US-Dollar, was Bruttoerlöse von etwa 4,5 Millionen US-Dollar bedeutet. Alle Veräußerungen erfolgten im Rahmen eines Rule 10b5-1-Plans, der am 13. Dezember 2024 angenommen wurde, was darauf hinweist, dass die Transaktionen vorab geplant waren und nicht auf kurzfristigen Unternehmensentwicklungen basierten.

Nach diesen Transaktionen hält der Ernest Irrevocable 2004 Trust III etwa 604.000 Aktien und der Ernest C. Garcia III Multi-Generational Trust III rund 706.000 Aktien, womit Garcias kombinierter indirekter Anteil über 1,3 Millionen Aktien liegt. Es wurden keine Derivataktivitäten oder Änderungen im direkten Eigentum gemeldet. Obwohl der Dollarbetrag im Verhältnis zu seinem verbleibenden Anteil gering ist, informiert die Meldung die Investoren über anhaltenden Insider-Verkauf und aktualisiert die Tabelle der wirtschaftlichen Eigentümer. Operative oder finanzielle Kennzahlen wurden nicht angegeben.

Positive
  • Trades executed under a Rule 10b5-1 plan, reducing the risk of opportunistic selling allegations.
  • CEO retains a significant 1.3 million-share stake, maintaining alignment with shareholder interests.
Negative
  • Insider selling by the CEO can signal reduced confidence and may weigh on sentiment, even if modest in size.

Insights

TL;DR: CEO sold 13.5k CVNA shares (~$4.5 m) via 10b5-1 plan; small vs. 1.3 m remaining—marginally negative sentiment.

The sales equal roughly 1% of Mr. Garcia’s indirect Class A position. Although executed under a pre-arranged 10b5-1 plan, insider selling by a founder-CEO often draws investor scrutiny, especially after a sharp share-price recovery. The dollar size is limited and leaves a substantial remaining stake, so I view the impact as mildly negative rather than a major red flag. No derivatives were exercised, suggesting the move was liquidity-driven rather than a shift in long-term conviction.

TL;DR: Pre-scheduled 10b5-1 trades mitigate governance concern; disclosure keeps transparency high—overall neutral impact.

The adoption date (13 Dec 2024) predates the sales by over seven months, satisfying recent SEC guidelines on cooling-off periods for 10b5-1 plans. Both trusts remain heavily invested, aligning management with shareholders. From a governance lens, the filing demonstrates compliance and adequate disclosure; therefore, I classify the event as not materially impactful.

Ernest C. Garcia III, CEO, direttore e azionista al 10% di Carvana Co. (CVNA), ha comunicato la vendita indiretta di 13.456 azioni di Classe A avvenuta tra il 28 e il 29 luglio 2025 tramite due trust familiari. I prezzi di vendita sono variati da $328,20 a $338,66, per un ricavato lordo di circa 4,5 milioni di dollari. Tutte le operazioni sono state effettuate nell’ambito di un piano Rule 10b5-1 adottato il 13 dicembre 2024, il che indica che le transazioni erano programmate in anticipo e non basate su sviluppi aziendali a breve termine.

Dopo queste operazioni, il Ernest Irrevocable 2004 Trust III detiene circa 604 mila azioni e il Ernest C. Garcia III Multi-Generational Trust III mantiene circa 706 mila azioni, lasciando l’interesse indiretto combinato di Garcia sopra 1,3 milioni di azioni. Non sono state segnalate attività derivati né variazioni nella proprietà diretta. Sebbene l’importo in dollari sia modesto rispetto alla sua partecipazione residua, la comunicazione informa gli investitori delle vendite interne in corso e aggiorna la tabella della proprietà effettiva. Non sono stati forniti dati operativi o finanziari.

Ernest C. Garcia III, CEO, director y propietario del 10% de Carvana Co. (CVNA), reveló la venta indirecta de 13,456 acciones Clase A entre el 28 y 29 de julio de 2025 a través de dos fideicomisos familiares. Los precios de venta oscilaron entre $328.20 y $338.66, lo que implica ingresos brutos aproximados de $4.5 millones. Todas las operaciones se realizaron bajo un plan Rule 10b5-1 adoptado el 13 de diciembre de 2024, lo que indica que las transacciones fueron programadas previamente y no basadas en desarrollos corporativos a corto plazo.

Tras estas transacciones, el Ernest Irrevocable 2004 Trust III posee alrededor de 604 mil acciones y el Ernest C. Garcia III Multi-Generational Trust III retiene aproximadamente 706 mil acciones, dejando el interés indirecto combinado de Garcia por encima de 1.3 millones de acciones. No se reportaron actividades derivadas ni cambios en la propiedad directa. Aunque el monto en dólares es modesto en relación con su participación restante, el informe informa a los inversores sobre la venta continua por parte de los insiders y actualiza la tabla de propiedad beneficiaria. No se proporcionaron métricas operativas ni financieras.

Carvana Co.(CVNA)의 CEO이자 이사이며 10% 지분 보유자인 어니스트 C. 가르시아 3세는 2025년 7월 28일부터 29일까지 두 개의 가족 신탁을 통해 간접적으로 13,456주의 클래스 A 주식 매각을 공시했습니다. 매각 가격은 $328.20에서 $338.66 사이였으며, 총 매출액은 약 450만 달러에 달합니다. 모든 거래는 2024년 12월 13일 채택된 Rule 10b5-1 계획에 따라 이루어져, 해당 거래들이 사전 예약된 것이며 단기 기업 개발에 따른 것이 아님을 나타냅니다.

이 거래 이후, Ernest Irrevocable 2004 Trust III는 약 60만 4천 주를 보유하고 있으며, Ernest C. Garcia III Multi-Generational Trust III는 약 70만 6천 주를 유지하여 가르시아의 간접 지분 총합은 130만 주 이상입니다. 파생상품 활동이나 직접 소유권 변경은 보고되지 않았습니다. 남은 지분에 비해 금액은 적지만, 이번 공시는 내부자 매도 현황을 투자자에게 알리고 실질 소유권 표를 업데이트하는 역할을 합니다. 운영 또는 재무 지표는 제공되지 않았습니다.

Ernest C. Garcia III, PDG, administrateur et détenteur de 10 % de Carvana Co. (CVNA), a déclaré la vente indirecte de 13 456 actions de classe A les 28 et 29 juillet 2025 via deux trusts familiaux. Les prix de vente variaient entre 328,20 $ et 338,66 $, ce qui implique un produit brut d'environ 4,5 millions de dollars. Toutes les cessions ont été réalisées dans le cadre d’un plan Rule 10b5-1 adopté le 13 décembre 2024, indiquant que les transactions étaient préprogrammées et non basées sur des développements d’entreprise à court terme.

Après ces opérations, le Ernest Irrevocable 2004 Trust III détient environ 604 000 actions et le Ernest C. Garcia III Multi-Generational Trust III conserve environ 706 000 actions, laissant l’intérêt indirect combiné de Garcia au-dessus de 1,3 million d’actions. Aucune activité sur dérivés ni changement dans la propriété directe n’a été signalé. Bien que le montant en dollars soit modeste par rapport à sa participation restante, le dépôt informe les investisseurs des ventes continues des initiés et met à jour le tableau de la propriété bénéficiaire. Aucune donnée opérationnelle ou financière n’a été fournie.

Ernest C. Garcia III, CEO, Direktor und 10%-Eigentümer von Carvana Co. (CVNA), gab den indirekten Verkauf von 13.456 Class-A-Aktien am 28. und 29. Juli 2025 über zwei Familienstiftungen bekannt. Die Verkaufspreise lagen zwischen 328,20 und 338,66 US-Dollar, was Bruttoerlöse von etwa 4,5 Millionen US-Dollar bedeutet. Alle Veräußerungen erfolgten im Rahmen eines Rule 10b5-1-Plans, der am 13. Dezember 2024 angenommen wurde, was darauf hinweist, dass die Transaktionen vorab geplant waren und nicht auf kurzfristigen Unternehmensentwicklungen basierten.

Nach diesen Transaktionen hält der Ernest Irrevocable 2004 Trust III etwa 604.000 Aktien und der Ernest C. Garcia III Multi-Generational Trust III rund 706.000 Aktien, womit Garcias kombinierter indirekter Anteil über 1,3 Millionen Aktien liegt. Es wurden keine Derivataktivitäten oder Änderungen im direkten Eigentum gemeldet. Obwohl der Dollarbetrag im Verhältnis zu seinem verbleibenden Anteil gering ist, informiert die Meldung die Investoren über anhaltenden Insider-Verkauf und aktualisiert die Tabelle der wirtschaftlichen Eigentümer. Operative oder finanzielle Kennzahlen wurden nicht angegeben.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GARCIA ERNEST C. III
(Last) (First) (Middle)
C/O CARVANA CO.
300 E. RIO SALADO PARKWAY
(Street)
TEMPE AZ 85281
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/28/2025 S 611(1) D $334.23(2) 610,829 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/28/2025 S 611(1) D $334.23(2) 710,829 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/28/2025 S 935(1) D $335.23(5) 609,894 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/28/2025 S 934(1) D $335.61(6) 709,895 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/28/2025 S 1,963(1) D $336.08(7) 607,931 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/28/2025 S 1,964(1) D $336.55(8) 707,931 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/28/2025 S 1,188(1) D $337.19(9) 606,743 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/28/2025 S 1,188(1) D $337.19(9) 706,743 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/28/2025 S 303(1) D $338.4(10) 606,440 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/28/2025 S 303(1) D $338.4(10) 706,440 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/29/2025 S 592(1) D $328.2(11) 605,848 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/29/2025 S 591(1) D $328.57(12) 705,849 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/29/2025 S 628(1) D $329.14(13) 605,220 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/29/2025 S 628(1) D $329.14(13) 705,221 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/29/2025 S 605(1) D $329.94(14) 604,615 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/29/2025 S 606(1) D $330.35(15) 704,615 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 07/29/2025 S 292(1) D $331.12(16) 604,323 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 07/29/2025 S 292(1) D $331.12(16) 704,323 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 924,384 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
2. This transaction was executed in multiple trades at prices ranging from $333.76 to $334.41 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
3. These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
4. These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
5. This transaction was executed in multiple trades at prices ranging from $334.86 to $335.39 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
6. This transaction was executed in multiple trades at prices ranging from $335.39 to $335.84 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
7. This transaction was executed in multiple trades at prices ranging from $335.88 to $336.31, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
8. This transaction was executed in multiple trades at prices ranging from $336.31 to $336.88, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
9. This transaction was executed in multiple trades at prices ranging from $336.89 to $337.87 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
10. This transaction was executed in multiple trades at prices ranging from $337.90 to $338.66 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
11. This transaction was executed in multiple trades at prices ranging from $327.69 to $328.46, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
12. This transaction was executed in multiple trades at prices ranging from $328.46 to $328.69, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
13. This transaction was executed in multiple trades at prices ranging from $328.73 to $329.73 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
14. This transaction was executed in multiple trades at prices ranging from $329.74 to $330.15, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
15. This transaction was executed in multiple trades at prices ranging from $330.15 to $330.71, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
16. This transaction was executed in multiple trades at prices ranging from $330.75 to $331.75 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III 07/30/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many Carvana (CVNA) shares did the CEO sell?

The filing shows indirect sales totaling 13,456 Class A shares on 28-29 Jul 2025.

What price range were CVNA shares sold at?

Sale prices ranged from $328.20 to $338.66 per share, based on volume-weighted averages.

Was the transaction under a 10b5-1 trading plan?

Yes. The plan was adopted on 13 Dec 2024, indicating the sales were pre-scheduled.

How many CVNA shares does Ernest C. Garcia III still own?

After the sales, his two trusts still hold a combined ≈1.31 million shares of Class A stock.

Does the Form 4 affect Carvana's financial outlook?

No operating or financial guidance was provided; the filing only reports insider trading activity.
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Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Seattle
Jul 2, 2025
Carvana to Report Second Quarter 2025 Results and Host Quarterly Conference Call on July 30
Jun 10, 2025
Jon Hamm and Carvana Launch National Campaign Highlighting the Simpler Way to Sell Your Car
May 28, 2025
Carvana Expands Same-Day Delivery to Denver Area

CVNA Latest SEC Filings

Jul 30, 2025
[Form 4] Carvana Co. Insider Trading Activity
Jul 30, 2025
[10-Q] Carvana Co. Quarterly Earnings Report
Jul 30, 2025
[8-K] Carvana Co. Reports Material Event
Jul 29, 2025
[Form 4] Carvana Co. Insider Trading Activity
Jul 29, 2025
[144] Carvana Co. SEC Filing

CVNA Stock Data

45.41B
131.25M
1.42%
94.21%
6.9%
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