Ernest C. Garcia III - 04 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
04 Aug 2025
Net transactions value
-$2,619,217
Form type
4
Filing time
05 Aug 2025, 17:13:58 UTC
Previous filing
05 Aug 2025
Next filing
07 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 $83,421 -236 -0.04% $353.48 586,204 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3
transaction CVNA Class A Common Stock Sale $83,421 -236 -0.03% $353.48 686,204 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F2, F4
transaction CVNA Class A Common Stock Sale $72,285 -204 -0.03% $354.34 586,000 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F5
transaction CVNA Class A Common Stock Sale $72,039 -203 -0.03% $354.87 686,001 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F6
transaction CVNA Class A Common Stock Sale $108,084 -304 -0.05% $355.54 585,696 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F7
transaction CVNA Class A Common Stock Sale $108,084 -304 -0.04% $355.54 685,697 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F7
transaction CVNA Class A Common Stock Sale $60,206 -169 -0.03% $356.25 585,527 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F8
transaction CVNA Class A Common Stock Sale $60,614 -170 -0.02% $356.55 685,527 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F9
transaction CVNA Class A Common Stock Sale $57,595 -161 -0.03% $357.73 585,366 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F10
transaction CVNA Class A Common Stock Sale $57,595 -161 -0.02% $357.73 685,366 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F10
transaction CVNA Class A Common Stock Sale $44,915 -125 -0.02% $359.32 585,241 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F11
transaction CVNA Class A Common Stock Sale $44,589 -124 -0.02% $359.59 685,242 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F12
transaction CVNA Class A Common Stock Sale $28,090 -78 -0.01% $360.13 585,163 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F13
transaction CVNA Class A Common Stock Sale $28,090 -78 -0.01% $360.13 685,164 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F13
transaction CVNA Class A Common Stock Sale $185,516 -513 -0.09% $361.63 584,650 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F14
transaction CVNA Class A Common Stock Sale $185,516 -513 -0.07% $361.63 684,651 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F14
transaction CVNA Class A Common Stock Sale $67,750 -187 -0.03% $362.30 584,463 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F15
transaction CVNA Class A Common Stock Sale $68,246 -188 -0.03% $363.01 684,463 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F16
transaction CVNA Class A Common Stock Sale $188,023 -517 -0.09% $363.68 583,946 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F17
transaction CVNA Class A Common Stock Sale $188,023 -517 -0.08% $363.68 683,946 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F17
transaction CVNA Class A Common Stock Sale $319,702 -877 -0.15% $364.54 583,069 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F18
transaction CVNA Class A Common Stock Sale $319,766 -876 -0.13% $365.03 683,070 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F19
transaction CVNA Class A Common Stock Sale $93,591 -256 -0.04% $365.59 582,813 04 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F20
transaction CVNA Class A Common Stock Sale $94,057 -257 -0.04% $365.98 682,813 04 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F21
holding CVNA Class A Common Stock 923,155 04 Aug 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 $353.08 to $354.04 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 $354.12 to $354.66 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.
F6 This transaction was executed in multiple trades at prices ranging from $354.66 to $355.09 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 $355.13 to $356.03, 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.
F8 This transaction was executed in multiple trades at prices ranging from $356.19 to $356.32 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 $356.32 to $357.14 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 $357.20 to $357.96 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 $358.84 to $359.47 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.
F12 This transaction was executed in multiple trades at prices ranging from $359.47 to $359.68, 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.
F13 This transaction was executed in multiple trades at prices ranging from $359.85 to $360.81 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 $361.19 to $362.09 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 $362.23 to $362.49 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.
F16 This transaction was executed in multiple trades at prices ranging from $362.49 to $363.22 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.
F17 This transaction was executed in multiple trades at prices ranging from $363.28 to $364.26 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 $364.33 to $364.77 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 $364.77 to $365.32 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 $365.44 to $365.84 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 $365.84 to $366.29 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.