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.
Insider activity overview: On 08/05/2025, Paul W. Breaux—Vice President, General Counsel & Secretary of Carvana Co. (CVNA)—filed a Form 4 reporting two open-market sales of the company’s Class A common stock.
- 13,964 shares sold at a volume-weighted average price of $361.91 (price range $361.58-$362.58).
- 1,036 shares sold at a volume-weighted average price of $362.69 (price range $362.59-$362.90).
Total shares disposed: 15,000, representing roughly 13% of his prior direct holdings (113,792 shares). After the transactions, Breaux directly owns 98,792 Class A shares.
No derivative securities were involved and no Rule 10b5-1 trading plan was indicated. The filing contains no financial performance metrics.
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.