Carvana Co. SEC filings document the reporting framework for an online used-vehicle retailer with Class A and Class B common stock. Recent 8-K filings furnish shareholder letters, press releases, and conference-call materials covering quarterly and annual operating results, retail unit activity, revenue, profitability measures, expense trends, and the company's vertically integrated automotive e-commerce model.
Carvana's proxy and material-event filings also cover governance and capital-structure matters. These disclosures include annual meeting votes, executive compensation and pay-versus-performance information, the Carvana Co. 2026 Omnibus Incentive Plan, amendments to the company's certificate of incorporation, a five-for-one forward stock split, and related authorized share increases for its common stock classes.
Carvana Co. chief brand officer Ryan S. Keeton reported compensation-related stock activity involving Class A Common Stock. On April 29, 2026, 10,301 shares were acquired at no cost upon vesting of restricted stock units granted under a Performance Restricted Stock Unit Award Agreement. On the same date, 4,260 shares were withheld to cover taxes upon vesting. Following these non-market transactions, Keeton directly owned 77,435 shares of Carvana Class A Common Stock.
Carvana Co. officer Paul W. Breaux reported equity compensation activity involving Class A Common Stock. On April 29, 2026, a performance-based equity award granted on January 24, 2024 fully vested after its performance condition was met, delivering 14,096 shares. To cover tax obligations associated with this vesting, 5,829 shares were disposed of through share withholding at a reported price of $396.59 per share. Following these transactions, Breaux directly holds 72,685 shares of Carvana Class A Common Stock.
Carvana Co. Chief Operating Officer Benjamin E. Huston reported multiple equity transactions in Carvana Class A Common Stock. He exercised non-qualified stock options for 10,000 shares at an exercise price of $10.07 per share and then sold 10,000 shares in a series of open-market transactions at prices ranging from the high $370s to just under $400 per share, pursuant to a pre-arranged Rule 10b5-1 trading plan.
On the same date as the option exercise, previously granted performance restricted stock units vested, resulting in an award of 22,231 shares, while 9,193 shares were withheld to cover tax obligations. Following these transactions, Huston directly holds 115,371 shares of Carvana Class A Common Stock, with no remaining derivative positions from the reported option grant.
Carvana Co.’s major shareholder Ernest C. Garcia II and his entities report updated holdings and a new options arrangement. Garcia is deemed to beneficially own 42,442,317 Class A shares on an as-converted basis, representing 22.9% of the Class A common stock outstanding as of April 27, 2026. These holdings include shares owned directly by Garcia and by ECG II SPE, LLC and ECG II SPE II, LLC, which he wholly owns and controls.
The amendment adds E-SPE II as a reporting person and describes a covered call transaction between E-SPE and Citibank on 4,000,000 Class A shares. The European-style options are exercisable only on May 21, 2027, allowing Citibank to purchase 2,000,000 shares at $450.00 per share and 2,000,000 shares at $500.00 per share. The options are secured by pledged Paired Interests in Carvana Group units and Class B shares, while Garcia retains voting and investment power over the pledged securities subject to the pledge terms.
CARVANA CO. insider entity ECG II SPE, LLC, which is wholly owned and controlled by Ernest C. Garcia II, sold 4,000,000 European-style covered call options on the company’s Class A common stock on May 1, 2026. The sale comprised 2,000,000 options with a strike price of $450.00 and 2,000,000 options with a strike price of $500.00, with E-SPE receiving a cash premium of $68.0575 per option.
To secure its obligations, E-SPE pledged 4,000,000 shares of Carvana Class B common stock and 5,000,000 Carvana Group, LLC Class A units, while retaining voting and investment power over these pledged shares subject to the pledge terms. The filing also notes that an earlier 4,000,000-option covered call position entered on May 9, 2025, with a strike price of $400.00 and a premium of $24.75 per option, expired on April 17, 2026 without being exercised. This Form 4 is being filed voluntarily in advance of the Form 5 reporting for the year ended December 31, 2026.
The filing is a Rule 144 resale/transfer notice reporting 10,000 shares of Common Stock tied to an exercise of stock options dated 05/01/2026. It lists three prior 10b5-1 sales of 10,000 shares each on 04/01/2026, 03/02/2026, and 02/02/2026 with the proceeds shown for each sale.
Mark Jenkins filed a Form 144 reporting 12,750 shares of Common Stock to be sold via an exercise of stock options on 05/01/2026. The filing also lists recent 10b5-1 sales of 12,750 shares on 04/01/2026, 03/02/2026, and 02/02/2026 with gross proceeds shown.
The broker listed is Morgan Stanley Smith Barney LLC. The filing records cash proceeds for prior 10b5-1 sales of $3,956,931.20, $4,120,162.00, and $5,229,874.60.
Carvana Co is reported to have 10,377,287 shares of Common Stock beneficially owned by Vanguard Capital Management, representing 7.25% of the class as of 03/31/2026. The filing lists 1,383,259 shares with sole voting power and 10,377,287 shares with sole dispositive power. The Schedule 13G discloses that these holdings include shares held by Vanguard funds and managed accounts and are reported by Vanguard Capital Management from its Malvern, PA office.
Carvana Co. reported strong growth for the three months ended March 31, 2026. Net sales and operating revenues rose to $6.4 billion, up from $4.2 billion a year earlier, driven mainly by retail vehicle sales of $4.8 billion and wholesale revenues of $1.1 billion.
Gross profit increased to $1.3 billion while operating income improved to $581 million. Net income reached $405 million, compared with $373 million in 2025, with $250 million attributable to Carvana Co. Class A stockholders, or $1.69 diluted EPS. Cash and cash equivalents were $2.4 billion and total assets were $13.8 billion against total liabilities of $9.1 billion, including $5.0 billion of debt and a $2.2 billion tax receivable agreement liability. The company also sold sizable volumes of finance receivables through forward flow, securitization, and fixed pool sales while retaining $492 million of beneficial interests in securitizations.