Ernest C. Garcia III - 01 Aug 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
01 Aug 2025
Net transactions value
-$4,158,649
Form type
4
Filing time
05 Aug 2025, 17:10:58 UTC
Previous filing
01 Aug 2025
Next filing
05 Aug 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 05 Aug 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Sale $148,304 -406 -0.07% $365.28 591,034 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3
transaction CVNA Class A Common Stock Sale $148,304 -406 -0.06% $365.28 691,034 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F2, F4
transaction CVNA Class A Common Stock Sale $181,219 -494 -0.08% $366.84 590,540 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F5
transaction CVNA Class A Common Stock Sale $181,219 -494 -0.07% $366.84 690,540 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F5
transaction CVNA Class A Common Stock Sale $257,572 -700 -0.12% $367.96 589,840 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F6
transaction CVNA Class A Common Stock Sale $257,572 -700 -0.1% $367.96 689,840 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F6
transaction CVNA Class A Common Stock Sale $110,586 -300 -0.05% $368.62 589,540 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F7
transaction CVNA Class A Common Stock Sale $110,586 -300 -0.04% $368.62 689,540 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F7
transaction CVNA Class A Common Stock Sale $295,848 -800 -0.14% $369.81 588,740 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F8
transaction CVNA Class A Common Stock Sale $295,848 -800 -0.12% $369.81 688,740 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F8
transaction CVNA Class A Common Stock Sale $185,485 -500 -0.08% $370.97 588,240 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F9
transaction CVNA Class A Common Stock Sale $185,485 -500 -0.07% $370.97 688,240 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F9
transaction CVNA Class A Common Stock Sale $111,648 -300 -0.05% $372.16 587,940 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F10
transaction CVNA Class A Common Stock Sale $111,648 -300 -0.04% $372.16 687,940 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F10
transaction CVNA Class A Common Stock Sale $205,210 -550 -0.09% $373.11 587,390 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F11
transaction CVNA Class A Common Stock Sale $205,210 -550 -0.08% $373.11 687,390 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F11
transaction CVNA Class A Common Stock Sale $112,365 -300 -0.05% $374.55 587,090 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F12
transaction CVNA Class A Common Stock Sale $112,365 -300 -0.04% $374.55 687,090 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F12
transaction CVNA Class A Common Stock Sale $112,737 -300 -0.05% $375.79 586,790 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F13
transaction CVNA Class A Common Stock Sale $112,737 -300 -0.04% $375.79 686,790 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F13
transaction CVNA Class A Common Stock Sale $56,554 -150 -0.03% $377.03 586,640 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F14
transaction CVNA Class A Common Stock Sale $56,554 -150 -0.02% $377.03 686,640 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F14
transaction CVNA Class A Common Stock Sale $37,794 -100 -0.02% $377.94 586,540 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F15
transaction CVNA Class A Common Stock Sale $37,794 -100 -0.01% $377.94 686,540 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F15
transaction CVNA Class A Common Stock Sale $18,933 -50 -0.01% $378.66 586,490 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3
transaction CVNA Class A Common Stock Sale $18,933 -50 -0.01% $378.66 686,490 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4
transaction CVNA Class A Common Stock Sale $19,068 -50 -0.01% $381.36 586,440 01 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3
transaction CVNA Class A Common Stock Sale $19,068 -50 -0.01% $381.36 686,440 01 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4
transaction CVNA Class A Common Stock Tax liability $452,002 -1,229 -0.13% $367.78 923,155 01 Aug 2025 Direct F16
* 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 $365.02 to $365.54 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 $366.32 to $367.27 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.
F6 This transaction was executed in multiple trades at prices ranging from $367.42 to $368.40, 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 $368.43 to $368.90 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 $369.49 to $370.49 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 $370.53 to $371.41, 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.
F10 This transaction was executed in multiple trades at prices ranging from $371.63 to $372.63 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.
F11 This transaction was executed in multiple trades at prices ranging from $372.67 to $373.59 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.
F12 This transaction was executed in multiple trades at prices ranging from $374.06 to $374.85 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.
F13 This transaction was executed in multiple trades at prices ranging from $375.29 to $376.17 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 $376.57 to $377.47 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 $377.58 to $378.30 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 Represents total number of shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units pursuant to various awards.