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 Financial Officer Mark W. Jenkins reported option exercises, share sales, and tax-related share withholding. On March 2, 2026, he exercised stock options covering 12,750 shares of Class A Common Stock through multiple “M” code transactions and acquired those shares at exercise prices ranging from $10.07 to $51.97 per share.
On the same date, he sold an aggregate of 12,750 shares of Class A Common Stock in open-market “S” transactions at prices between roughly $318.35 and $327.21, pursuant to a Rule 10b5-1 trading plan adopted on August 5, 2024. On March 1, 2026, 1,220 shares were withheld to cover taxes upon vesting of restricted stock units. After these transactions, he directly owned 201,597 shares of Class A Common Stock.
Carvana Co. CEO Ernest C. Garcia III reported a tax-withholding disposition of 1,229 shares of Class A common stock on Code F, tied to vested restricted stock units at $334.16 per share. After this, he held 914,882 shares directly.
He also reported indirect holdings of 450,000 shares in the Ernest C. Garcia III Multi-Generational Trust III and 350,000 shares in the Ernest Irrevocable 2004 Trust III, where he serves as Investment Trustee and Co-Administrative Trustee.
Carvana Co. President, Special Projects, Taira Thomas reported a tax-related share disposition tied to restricted stock units. On March 1, 2026, 675 shares of Carvana Class A common stock were withheld to cover taxes upon RSU vesting at a value of $334.16 per share. After this withholding, Thomas directly owned 65,950 shares of Class A common stock. This was a tax-withholding disposition rather than an open-market sale.
Carvana Co. Chief Product Officer Daniel J. Gill reported a small tax-related share disposition. On the vesting of restricted stock units, 1,339 shares of Class A Common Stock were withheld to cover taxes, based on a price of $334.16 per share. After this withholding, Gill directly holds 187,420 Class A shares.
Carvana Co. Chief Operating Officer Benjamin E. Huston exercised stock options for 10,000 shares of Class A Common Stock at an exercise price of $10.07 per share on March 2, 2026, then sold 10,000 shares in multiple open-market trades at volume-weighted average prices ranging from $318.12 to $327.47 per share under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2024. On March 1, 2026, 1,220 shares were withheld to cover taxes upon vesting of restricted stock units at $334.16 per share. Following these transactions, he directly owned 97,432 shares of Carvana Class A Common Stock.
CARVANA CO. Chief Brand Officer Ryan S. Keeton reported a tax-related share disposition tied to restricted stock units. On the transaction date, 498 shares of Class A Common Stock were withheld to cover taxes upon RSU vesting at a price of $334.16 per share. After this tax-withholding disposition, Keeton directly owned 73,286 Class A shares.
CVNA notice of proposed sale of 10,000 common shares. The filing states 10,000 common shares are to be sold on 03/02/2026 in connection with the exercise of stock options, with the method listed as cash and the broker shown as Morgan Stanley Smith Barney LLC.
The filing also lists prior sales during the past three months: 40,000 shares on 12/08/2025 for 17580000.00, 20,000 shares on 12/12/2025 for 9500000.00, 10,000 shares on 01/02/2026 for 4019355.00, and 10,000 shares on 02/02/2026 for 4112724.00.
CVNA Form 144 reports an intended sale of 12,750 common shares by exercise of stock options on 03/02/2026 for cash. The filing also discloses two prior 10b5-1 sales of 12,750 shares each on 02/02/2026 and 01/02/2026, with proceeds of $5,229,874.60 and $5,138,510.80, respectively.
Carvana Co. details its business, risks, and strategy in its Annual Report for the year ended December 31, 2025. The company operates a vertically integrated e-commerce platform for buying and selling used cars, combining online shopping, in-house reconditioning, proprietary logistics, and integrated financing.
Carvana reports having sold 2.8 million retail vehicles since 2012, generating $84.1 billion in total revenue over that period. As of December 31, 2025, it offered over 75,000 vehicles online, operated reconditioning capacity for approximately 1.5 million cars per year, and served 316 metropolitan areas covering more than 80% of the U.S. population.
The company highlights competitive advantages in technology, proprietary financing, and a nationwide logistics network including car vending machines. It notes key risks from macroeconomic pressures, auto industry cyclicality, regulation, data privacy and cybersecurity, reliance on capital markets, substantial indebtedness, and intense competition across both traditional and online auto retail channels.
Carvana Co. reported record results for 2025 and the fourth quarter, combining rapid growth with strong profitability. For the full year, retail units sold rose 43% to 596,641 and revenue reached $20.322 billion, up 49%. Net income was $1.895 billion, a 9.3% margin, including a roughly $685 million benefit from releasing a valuation allowance on deferred tax assets and recording a tax receivable agreement liability. Adjusted EBITDA grew to $2.237 billion with an 11.0% margin, and GAAP operating income was $1.881 billion.
In Q4 2025, Carvana sold 163,522 retail units, also up 43%, and generated $5.603 billion of revenue. Net income was $951 million with a 17.0% margin, and Adjusted EBITDA was $511 million with a 9.1% margin. The company highlighted cost efficiencies, faster delivery, broader selection, and growing use of its AI-enabled customer tools as key drivers, and reiterated its long-term goal of selling 3 million cars annually at a 13.5% Adjusted EBITDA margin between 2030 and 2035, while expecting significant growth in units and Adjusted EBITDA in 2026.