Welcome to our dedicated page for Carvana SEC filings (Ticker: CVNA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Carvana Co. (NYSE: CVNA), an e-commerce platform for buying and selling used cars. As a public company, Carvana files a range of documents with the SEC that detail its financial condition, operating results, risk factors, and significant corporate events.
Among the most closely followed filings are Carvana’s quarterly reports on Form 10-Q and annual reports on Form 10-K, which present financial statements, management’s discussion and analysis, and information about its business model. These reports explain how Carvana generates revenue from used vehicle sales, wholesale vehicle sales, and other sales and revenues, including sales of loans to financing partners, commissions on vehicle service contracts, and sales of GAP waiver coverage.
Carvana also files current reports on Form 8-K to disclose material events. Recent Form 8-K filings have reported the announcement of quarterly financial results, referencing shareholder letters and press releases that provide additional detail on metrics such as net income, Adjusted EBITDA, and operating performance. These filings help investors track developments between periodic reports.
In addition, Carvana’s filings may include information on capital structure, risk factors, and relationships with subsidiaries such as ADESA, as well as discussions of macroeconomic and industry-related risks that could affect its operations. Disclosures about non-GAAP measures, including Adjusted EBITDA and Adjusted EBITDA margin, explain how management evaluates the business beyond traditional GAAP metrics.
On Stock Titan, Carvana’s SEC filings are updated as new documents are made available through the EDGAR system. AI-powered summaries and highlights can help readers quickly understand the key points of lengthy filings, including quarterly and annual reports and current reports on Form 8-K, while links to Form 4 and other ownership-related filings support research into insider transactions and equity holdings.
Carvana Co. (CVNA) – Form 4 filed 08/06/2025
10% owner Ernest C. Garcia II and his wholly-owned entity ECG II SPE, LLC reported the conversion of 100,000 Class A units of Carvana Group into an equal number of Class A common shares on 08/05/2025 under the 2017 Exchange Agreement. Immediately after conversion, all 100,000 Class A shares were sold pursuant to a Rule 10b5-1 trading plan adopted 12/13/2024. Sales were executed in 21 separate blocks at weighted-average prices ranging from $346.89 to $368.62, reducing the reporting person’s direct Class A share balance to zero.
In connection with the exchange, 100,000 Class B shares were cancelled for no consideration, leaving Garcia with 34.94 million Class B shares held directly and an additional 8 million Class B shares (plus 8 million exchangeable units) held indirectly through ECG II SPE, LLC. Voting control remains substantial. No derivative securities were exercised other than the exchanged units.
No other transactions, option grants, or earnings-related disclosures were included.
Transaction summary: On 08/04/2025 Ernest C. Garcia III (identified as Chief Executive Officer, Director, and 10% owner) reported sales of 923,155 shares of Carvana Co. (CVNA) Class A common stock on Form 4 pursuant to a Rule 10b5-1 trading plan adopted December 13, 2024. The filings state the sales were effected in multiple trades with reported volume-weighted average prices across batches ranging from $366.45 to $370.77. The Form was signed 08/05/2025 by Paul Breaux by power of attorney for Mr. Garcia.
Post-transaction holdings: The Form reports beneficial ownership in two trusts: the Ernest Irrevocable 2004 Trust III (post-sale holdings shown between 581,440 and 582,672 shares across line items) and the Ernest C. Garcia III Multi-Generational Trust III (post-sale holdings shown between 681,440 and 682,673 shares across line items). The aggregate shares disposed are reported as 923,155 shares.
On 08/04/2025, Carvana Co. (CVNA) CEO, director and 10 % owner Ernest C. Garcia III filed a Form 4 showing the sale of 7,254 Class A shares through two family trusts. The trades were executed under a Rule 10b5-1 plan adopted 13 Dec 2024 and were split into multiple lots at prices ranging from $353.08-$366.29 (volume-weighted averages reported).
After the transactions, the Ernest Irrevocable 2004 Trust III holds 583,069 shares and the Ernest C. Garcia III Multi-Generational Trust III holds 683,070 shares. Garcia also reports 923,155 shares held directly, bringing total reported beneficial ownership to roughly 2.19 million shares. The divestiture equals about 0.3 % of his disclosed stake, and no derivative securities were involved.
The filing appears to reflect routine liquidity management rather than a strategic shift; however, investors may still view ongoing insider selling by the founder-CEO with caution.
Carvana Co. (CVNA) – Form 4 insider activity
CEO/10 % owner Ernest C. Garcia III disclosed multiple open-market sales on 1 Aug 2025 via two family trusts operating under a Rule 10b5-1 plan. Each trust sold 5,000 Class A shares (total 10,000) at VWAP prices ranging from $365.28–$381.36, raising about $3.7 million per trust. After the trades, the trusts still hold 586,440 and 686,440 shares, respectively. In addition, 1,229 shares were withheld for taxes upon RSU vesting, leaving 923,155 shares held directly.
The divestiture equates to <1 % of Garcia’s total beneficial ownership, leaving his controlling economic interest essentially intact. While insider selling can be perceived negatively, the modest scale and pre-arranged 10b5-1 structure temper any adverse signal.
Form 4 highlights for Carvana Co. (CVNA): Executive Chairman and 10% owner Ernest C. Garcia II, together with his entity ECG II SPE, reported transactions dated 7/31-8/1/25.
- Dispositions: 106,624 Class A shares were sold under a Rule 10b5-1 plan at weighted-average prices of $365-413, generating ≈ $40.6 million in gross proceeds.
- Conversions: 100,000 Class A Units of Carvana Group were exchanged for an equal number of Class A shares immediately prior to sale; 100,000 Class B shares were simultaneously cancelled.
- Post-trade ownership: Garcia now holds 0 Class A shares directly but retains 35.14 million Class B shares and 43.93 million exchangeable Class A Units. ECG II SPE additionally holds 8 million Class A Units (exchangeable for 6.4 million Class A shares).
- Plan status: All sales were pre-scheduled (10b5-1) to provide safe-harbor protection.
The filing signals continued insider liquidity but leaves Garcia’s voting control largely intact thanks to high-vote Class B stock and sizeable partnership units.
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