Ernest C. Garcia III - 27 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
27 Jun 2025
Net transactions value
-$6,237,978
Form type
4
Filing time
01 Jul 2025, 17:47:52 UTC
Previous filing
27 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 01 Jul 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale $558,491 -1,817 -0.26% $307.37 709,623 27 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3
transaction CVNA Class A Common Stock Sale $558,491 -1,817 -0.22% $307.37 809,623 27 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F2, F4
transaction CVNA Class A Common Stock Sale $669,349 -2,173 -0.31% $308.03 707,450 27 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F5
transaction CVNA Class A Common Stock Sale $669,801 -2,172 -0.27% $308.38 807,451 27 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F6
transaction CVNA Class A Common Stock Sale $127,963 -414 -0.06% $309.09 707,036 27 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F7
transaction CVNA Class A Common Stock Sale $128,397 -415 -0.05% $309.39 807,036 27 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F8
transaction CVNA Class A Common Stock Sale $184,933 -596 -0.08% $310.29 706,440 27 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F9
transaction CVNA Class A Common Stock Sale $184,933 -596 -0.07% $310.29 806,440 27 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F9
transaction CVNA Class A Common Stock Sale $14,530 -45 -0.01% $322.89 706,395 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3
transaction CVNA Class A Common Stock Sale $14,530 -45 -0.01% $322.89 806,395 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4
transaction CVNA Class A Common Stock Sale $62,075 -191 -0.03% $325.00 706,204 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F10
transaction CVNA Class A Common Stock Sale $62,075 -191 -0.02% $325.00 806,204 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F10
transaction CVNA Class A Common Stock Sale $372,772 -1,144 -0.16% $325.85 705,060 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F11
transaction CVNA Class A Common Stock Sale $372,915 -1,143 -0.14% $326.26 805,061 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F12
transaction CVNA Class A Common Stock Sale $137,600 -421 -0.06% $326.84 704,639 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F13
transaction CVNA Class A Common Stock Sale $138,137 -422 -0.05% $327.34 804,639 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F14
transaction CVNA Class A Common Stock Sale $77,195 -235 -0.03% $328.49 704,404 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F15
transaction CVNA Class A Common Stock Sale $77,195 -235 -0.03% $328.49 804,404 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F15
transaction CVNA Class A Common Stock Sale $203,388 -617 -0.09% $329.64 703,787 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F16
transaction CVNA Class A Common Stock Sale $203,403 -616 -0.08% $330.20 803,788 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F17
transaction CVNA Class A Common Stock Sale $274,489 -830 -0.12% $330.71 702,957 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F18
transaction CVNA Class A Common Stock Sale $275,244 -831 -0.1% $331.22 802,957 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F19
transaction CVNA Class A Common Stock Sale $166,749 -502 -0.07% $332.17 702,455 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F20
transaction CVNA Class A Common Stock Sale $166,749 -502 -0.06% $332.17 802,455 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F20
transaction CVNA Class A Common Stock Sale $181,420 -545 -0.08% $332.88 701,910 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F21
transaction CVNA Class A Common Stock Sale $181,420 -545 -0.07% $332.88 801,910 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F21
transaction CVNA Class A Common Stock Sale $86,866 -260 -0.04% $334.10 701,650 30 Jun 2025 Ernest Irrevocable 2004 Trust III F1, F3, F22
transaction CVNA Class A Common Stock Sale $86,866 -260 -0.03% $334.10 801,650 30 Jun 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F22
holding CVNA Class A Common Stock 925,613 27 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 $306.84 to $307.80 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 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.
F5 This transaction was executed in multiple trades at prices ranging from $307.85 to $308.19 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.
F6 This transaction was executed in multiple trades at prices ranging from $308.19 to $308.82 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 $308.94 to $309.24, 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 $309.24 to $309.85, 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 $310.00 to $310.36 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 $324.58 to $325.25, 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 $325.67 to $326.00 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 $326.00 to $326.66, 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 $326.73 to $326.98, 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 $326.98 to $327.73, 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 $328.28 to $328.76, 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 $329.45 to $329.87, 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 $329.87 to $330.41, 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 $330.52 to $331.03, 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 $331.03 to $331.48, 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.
F20 This transaction was executed in multiple trades at prices ranging from $331.60 to $332.56, 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.
F21 This transaction was executed in multiple trades at prices ranging from $332.64 to $333.39, 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.
F22 This transaction was executed in multiple trades at prices ranging from $333.73 to $334.63, 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.