Ernest C. Garcia III - 06 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
06 Aug 2025
Net transactions value
-$3,521,242
Form type
4
Filing time
07 Aug 2025, 17:41:32 UTC
Previous filing
07 Aug 2025
Next filing
11 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 07 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 $104,043 -300 -0.05% $346.81 576,140 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F2, F3
transaction CVNA Class A Common Stock Sale $104,043 -300 -0.04% $346.81 676,140 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F2, F4
transaction CVNA Class A Common Stock Sale $131,242 -378 -0.07% $347.20 575,762 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F5
transaction CVNA Class A Common Stock Sale $131,147 -377 -0.06% $347.87 675,763 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F6
transaction CVNA Class A Common Stock Sale $286,944 -822 -0.14% $349.08 574,940 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F7
transaction CVNA Class A Common Stock Sale $287,655 -823 -0.12% $349.52 674,940 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F8
transaction CVNA Class A Common Stock Sale $210,054 -600 -0.1% $350.09 574,340 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F9
transaction CVNA Class A Common Stock Sale $210,054 -600 -0.09% $350.09 674,340 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F9
transaction CVNA Class A Common Stock Sale $70,238 -200 -0.03% $351.19 574,140 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F10
transaction CVNA Class A Common Stock Sale $70,238 -200 -0.03% $351.19 674,140 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F10
transaction CVNA Class A Common Stock Sale $123,546 -350 -0.06% $352.99 573,790 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F11
transaction CVNA Class A Common Stock Sale $123,546 -350 -0.05% $352.99 673,790 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F11
transaction CVNA Class A Common Stock Sale $341,622 -964 -0.17% $354.38 572,826 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F12
transaction CVNA Class A Common Stock Sale $341,622 -964 -0.14% $354.38 672,826 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F12
transaction CVNA Class A Common Stock Sale $342,249 -964 -0.17% $355.03 571,862 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F13
transaction CVNA Class A Common Stock Sale $342,249 -964 -0.14% $355.03 671,862 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F13
transaction CVNA Class A Common Stock Sale $132,521 -372 -0.07% $356.24 571,490 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3, F14
transaction CVNA Class A Common Stock Sale $132,521 -372 -0.06% $356.24 671,490 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4, F14
transaction CVNA Class A Common Stock Sale $17,854 -50 -0.01% $357.07 571,440 06 Aug 2025 Ernest Irrevocable 2004 Trust III F1, F3
transaction CVNA Class A Common Stock Sale $17,854 -50 -0.01% $357.07 671,440 06 Aug 2025 Ernest C. Garcia III Multi-Generational Trust III F1, F4
holding CVNA Class A Common Stock 923,155 06 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 $346.11 to $347.11 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 $347.17 to $347.21 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 $347.21 to $348.07 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 $348.71 to $349.34, 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 $349.34 to $349.68, 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.
F9 This transaction was executed in multiple trades at prices ranging from $349.90 to $350.49 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.
F10 This transaction was executed in multiple trades at prices ranging from $350.99 to $351.56 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.
F11 This transaction was executed in multiple trades at prices ranging from $352.42 to $353.32, 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.
F12 This transaction was executed in multiple trades at prices ranging from $353.75 to $354.69 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.
F13 This transaction was executed in multiple trades at prices ranging from $354.80 to $355.47 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.
F14 This transaction was executed in multiple trades at prices ranging from $355.96 to $356.64 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.