Ernest C. Garcia III - 25 Jun 2025 Form 4 Insider Report for CARVANA CO. (CVNA)

Signature
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III
Issuer symbol
CVNA
Transactions as of
25 Jun 2025
Net transactions value
-$6,381,070
Form type
4
Filing time
27 Jun 2025, 17:41:11 UTC
Previous filing
25 Jun 2025
Next filing
01 Jul 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
GARCIA ERNEST C. III Chief Executive Officer, Director, 10%+ Owner C/O CARVANA CO., 300 E. RIO SALADO PARKWAY, TEMPE /s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III 27 Jun 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale $55,768 -173 -0.02% $322.36 721,267 25 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3
transaction CVNA Class A Common Stock Sale $55,513 -172 -0.02% $322.75 821,268 25 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F5
transaction CVNA Class A Common Stock Sale $357,196 -1,103 -0.15% $323.84 720,164 25 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F6
transaction CVNA Class A Common Stock Sale $357,196 -1,103 -0.13% $323.84 820,165 25 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F6
transaction CVNA Class A Common Stock Sale $518,322 -1,597 -0.22% $324.56 718,567 25 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F7
transaction CVNA Class A Common Stock Sale $519,174 -1,598 -0.19% $324.89 818,567 25 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F8
transaction CVNA Class A Common Stock Sale $372,766 -1,145 -0.16% $325.56 717,422 25 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F9
transaction CVNA Class A Common Stock Sale $373,036 -1,144 -0.14% $326.08 817,423 25 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F10
transaction CVNA Class A Common Stock Sale $304,354 -932 -0.13% $326.56 716,490 25 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F11
transaction CVNA Class A Common Stock Sale $305,007 -933 -0.11% $326.91 816,490 25 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F12
transaction CVNA Class A Common Stock Sale $16,391 -50 -0.01% $327.82 716,440 25 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3
transaction CVNA Class A Common Stock Sale $16,391 -50 -0.01% $327.82 816,440 25 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5
transaction CVNA Class A Common Stock Sale $473,047 -1,519 -0.21% $311.42 714,921 26 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F13
transaction CVNA Class A Common Stock Sale $473,373 -1,518 -0.19% $311.84 814,922 26 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F14
transaction CVNA Class A Common Stock Sale $557,384 -1,785 -0.25% $312.26 713,136 26 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F15
transaction CVNA Class A Common Stock Sale $558,357 -1,786 -0.22% $312.63 813,136 26 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F16
transaction CVNA Class A Common Stock Sale $156,900 -500 -0.07% $313.80 712,636 26 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F17
transaction CVNA Class A Common Stock Sale $156,900 -500 -0.06% $313.80 812,636 26 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F17
transaction CVNA Class A Common Stock Sale $204,740 -651 -0.09% $314.50 711,985 26 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F18
transaction CVNA Class A Common Stock Sale $204,740 -651 -0.08% $314.50 811,985 26 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F18
transaction CVNA Class A Common Stock Sale $172,258 -545 -0.08% $316.07 711,440 26 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F19
transaction CVNA Class A Common Stock Sale $172,258 -545 -0.07% $316.07 811,440 26 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F19
holding CVNA Class A Common Stock 925,613 25 Jun 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $322.18 to $322.59, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F3 These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
F4 This transaction was executed in multiple trades at prices ranging from $322.59 to $323.16, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F5 These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
F6 This transaction was executed in multiple trades at prices ranging from $323.28 to $324.27 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F7 This transaction was executed in multiple trades at prices ranging from $324.32 to $324.75, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F8 This transaction was executed in multiple trades at prices ranging from $324.75 to $325.27, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F9 This transaction was executed in multiple trades at prices ranging from $325.37 to $325.78 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F10 This transaction was executed in multiple trades at prices ranging from $325.78 to $326.34 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F11 This transaction was executed in multiple trades at prices ranging from $326.40 to $326.71 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F12 This transaction was executed in multiple trades at prices ranging from $326.71 to $327.27 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F13 This transaction was executed in multiple trades at prices ranging from $311.02 to $311.64, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F14 This transaction was executed in multiple trades at prices ranging from $311.64 to $311.97, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F15 This transaction was executed in multiple trades at prices ranging from $312.03 to $312.46, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F16 This transaction was executed in multiple trades at prices ranging from $312.46 to $312.89, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F17 This transaction was executed in multiple trades at prices ranging from $313.05 to $314.01, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F18 This transaction was executed in multiple trades at prices ranging from $314.10 to $315.06, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F19 This transaction was executed in multiple trades at prices ranging from $315.80 to $316.44, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.