Ernest C. Garcia III - 15 Jul 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
15 Jul 2025
Net transactions value
-$3,439,659
Form type
4
Filing time
16 Jul 2025, 18:20:18 UTC
Previous filing
16 Jul 2025
Next filing
18 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 16 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 $84,918 -251 -0.04% $338.32 656,189 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3
transaction CVNA Class A Common Stock Sale $84,695 -250 -0.03% $338.78 756,190 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F5
transaction CVNA Class A Common Stock Sale $82,865 -244 -0.04% $339.61 655,945 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F6
transaction CVNA Class A Common Stock Sale $82,865 -244 -0.03% $339.61 755,946 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F6
transaction CVNA Class A Common Stock Sale $15,662 -46 -0.01% $340.48 655,899 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F7
transaction CVNA Class A Common Stock Sale $15,662 -46 -0.01% $340.48 755,900 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F7
transaction CVNA Class A Common Stock Sale $48,208 -141 -0.02% $341.90 655,758 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F8
transaction CVNA Class A Common Stock Sale $48,615 -142 -0.02% $342.36 755,758 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F9
transaction CVNA Class A Common Stock Sale $323,440 -943 -0.14% $342.99 654,815 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F10
transaction CVNA Class A Common Stock Sale $323,440 -943 -0.12% $342.99 754,815 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F10
transaction CVNA Class A Common Stock Sale $422,469 -1,229 -0.19% $343.75 653,586 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F11
transaction CVNA Class A Common Stock Sale $422,727 -1,228 -0.16% $344.24 753,587 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F12
transaction CVNA Class A Common Stock Sale $368,104 -1,067 -0.16% $344.99 652,519 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F13
transaction CVNA Class A Common Stock Sale $368,104 -1,067 -0.14% $344.99 752,520 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F13
transaction CVNA Class A Common Stock Sale $255,996 -740 -0.11% $345.94 651,779 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F14
transaction CVNA Class A Common Stock Sale $255,996 -740 -0.1% $345.94 751,780 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F14
transaction CVNA Class A Common Stock Sale $65,907 -190 -0.03% $346.88 651,589 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F15
transaction CVNA Class A Common Stock Sale $65,907 -190 -0.03% $346.88 751,590 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F15
transaction CVNA Class A Common Stock Sale $47,333 -136 -0.02% $348.04 651,453 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F16
transaction CVNA Class A Common Stock Sale $47,333 -136 -0.02% $348.04 751,454 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F16
transaction CVNA Class A Common Stock Sale $4,532 -13 -0% $348.62 651,440 15 Jul 2025 Ernest Irrevocable 2004 Trust III F1, F3, F17
transaction CVNA Class A Common Stock Sale $4,881 -14 -0% $348.64 751,440 15 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F5, F18
holding CVNA Class A Common Stock 924,384 15 Jul 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 $338.20 to $338.68 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 $338.68 to $339.05 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 $339.21 to $340.03 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.
F7 This transaction was executed in multiple trades at prices ranging from $340.34 to $340.80, 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.
F8 This transaction was executed in multiple trades at prices ranging from $341.50 to $342.22 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 $342.22 to $342.43 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 $342.51 to $343.51 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 $343.52 to $343.97, 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.
F12 This transaction was executed in multiple trades at prices ranging from $343.97 to $344.52, 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 $344.53 to $345.53 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 $345.54 to $346.52, 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 $346.55 to $347.53, 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 $347.61 to $348.61, 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 $348.62 to $348.63, 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.
F18 This transaction was executed in multiple trades at prices ranging from $348.63 to $348.69, 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.