Form 4: Carvana CEO Sells Shares Under Pre-Arranged 10b5-1 Plan

Carvana CEO Ernest C. Garcia III sold 2,000 shares of Class A Common Stock on October 3, 2025, through a pre-arranged Rule 10b5-1 trading plan.

Summary

• Ernest C. Garcia III, Carvana Co.'s Chief Executive Officer, Director, and 10% Owner, reported the sale of 2,000 shares of Class A Common Stock.
• The transactions occurred on October 3, 2025, and were executed pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024.
• The shares were sold in multiple trades at volume-weighted average prices ranging from $387.66 to $393.05 per share.
• A total of 1,049 shares were sold from the Ernest Irrevocable 2004 Trust III, and 950 shares were sold from the Ernest C. Garcia III Multi-Generational Trust III.
• Following these transactions, Ernest C. Garcia III beneficially owns 366,440 shares indirectly through the Ernest Irrevocable 2004 Trust III, 466,440 shares indirectly through the Ernest C. Garcia III Multi-Generational Trust III, and 920,696 shares directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan, which is generally considered a neutral event for market sentiment.

Future Outlook

NA

Industry Context

NA

Key Dates

Keywords

Carvana, CVNA, Form 4, insider trading, stock sale, Ernest C. Garcia III, 10b5-1 plan