Ernest C. Garcia III - 01 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
01 Jul 2025
Net transactions value
-$5,352,093
Form type
4
Filing time
03 Jul 2025, 16:29:52 UTC
Previous filing
01 Jul 2025
Next filing
03 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 03 Jul 2025 0001700548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVNA Class A Common Stock Tax liability $415,722 -1,229 -0.13% $338.26 924,384 01 Jul 2025 Direct F1
transaction CVNA Class A Common Stock Sale $49,989 -150 -0.02% $333.26 701,290 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F3, F4
transaction CVNA Class A Common Stock Sale $49,989 -150 -0.02% $333.26 801,290 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F3, F5
transaction CVNA Class A Common Stock Sale $50,172 -150 -0.02% $334.48 701,140 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F6
transaction CVNA Class A Common Stock Sale $50,172 -150 -0.02% $334.48 801,140 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F6
transaction CVNA Class A Common Stock Sale $259,191 -772 -0.11% $335.74 700,368 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F7
transaction CVNA Class A Common Stock Sale $259,191 -772 -0.1% $335.74 800,368 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F7
transaction CVNA Class A Common Stock Sale $202,098 -600 -0.09% $336.83 699,768 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F8
transaction CVNA Class A Common Stock Sale $202,098 -600 -0.07% $336.83 799,768 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F8
transaction CVNA Class A Common Stock Sale $304,155 -900 -0.13% $337.95 698,868 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F9
transaction CVNA Class A Common Stock Sale $304,155 -900 -0.11% $337.95 798,868 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F9
transaction CVNA Class A Common Stock Sale $348,256 -1,028 -0.15% $338.77 697,840 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F10
transaction CVNA Class A Common Stock Sale $348,256 -1,028 -0.13% $338.77 797,840 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F10
transaction CVNA Class A Common Stock Sale $168,700 -496 -0.07% $340.12 697,344 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F11
transaction CVNA Class A Common Stock Sale $168,592 -495 -0.06% $340.59 797,345 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F12
transaction CVNA Class A Common Stock Sale $221,361 -649 -0.09% $341.08 696,695 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F13
transaction CVNA Class A Common Stock Sale $221,994 -650 -0.08% $341.53 796,695 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F14
transaction CVNA Class A Common Stock Sale $70,176 -205 -0.03% $342.32 696,490 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F15
transaction CVNA Class A Common Stock Sale $70,176 -205 -0.03% $342.32 796,490 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F15
transaction CVNA Class A Common Stock Sale $17,160 -50 -0.01% $343.19 696,440 01 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4
transaction CVNA Class A Common Stock Sale $17,160 -50 -0.01% $343.19 796,440 01 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5
transaction CVNA Class A Common Stock Sale $54,738 -162 -0.02% $337.89 696,278 02 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F16
transaction CVNA Class A Common Stock Sale $54,738 -162 -0.02% $337.89 796,278 02 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F16
transaction CVNA Class A Common Stock Sale $109,927 -324 -0.05% $339.28 695,954 02 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F17
transaction CVNA Class A Common Stock Sale $109,762 -323 -0.04% $339.82 795,955 02 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F18
transaction CVNA Class A Common Stock Sale $355,246 -1,043 -0.15% $340.60 694,911 02 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F19
transaction CVNA Class A Common Stock Sale $355,246 -1,043 -0.13% $340.60 794,912 02 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F19
transaction CVNA Class A Common Stock Sale $256,838 -752 -0.11% $341.54 694,159 02 Jul 2025 Ernest Irrevocable 2004 Trust III F2, F4, F20
transaction CVNA Class A Common Stock Sale $256,838 -752 -0.09% $341.54 794,160 02 Jul 2025 Ernest C. Garcia III Multi-Generational Trust III F2, F5, F20
* 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 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.
F2 The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $332.86 to $333.74 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.
F4 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.
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 $334.11 to $334.67 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 $335.25 to $336.23, 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 $336.38 to $337.30 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.
F9 This transaction was executed in multiple trades at prices ranging from $337.44 to $338.35 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 $338.46 to $339.18, 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 $339.78 to $340.44 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.
F12 This transaction was executed in multiple trades at prices ranging from $340.44 to $340.73, 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.
F13 This transaction was executed in multiple trades at prices ranging from $340.83 to $341.38, 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 $341.38 to $341.75, 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.
F15 This transaction was executed in multiple trades at prices ranging from $341.84 to $342.69, 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.
F16 This transaction was executed in multiple trades at prices ranging from $337.32 to $338.29, 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.
F17 This transaction was executed in multiple trades at prices ranging from $339.01 to $339.57, 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 $339.57 to $339.97, 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.
F19 This transaction was executed in multiple trades at prices ranging from $340.09 to $341.04, 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.
F20 This transaction was executed in multiple trades at prices ranging from $341.13 to $342.13, 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.