Key facts
- This page summarizes Ernest C. Garcia II's Form 4 filing for CARVANA CO. (CVNA).
- 11 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 14 Aug 2025, 18:48.
Ernest C. Garcia II - 13 Aug 2025 Form 4 Insider Report for CARVANA CO. (CVNA)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- CVNA
- Reported as of
- 13 Aug 2025
- Net transaction value
- -$33,193,812
- SEC form
- 4
- Accepted by SEC
- 14 Aug 2025, 18:48:37 UTC
- Prior SEC filing
- 14 Aug 2025
- Next SEC filing
- 01 May 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ernest C. Garcia II
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Ernest C. Garcia II filed Form 4 for CARVANA CO. (CVNA) on 14 Aug 2025.
Change
- Previous filing in this sequence was filed on 14 Aug 2025.
- Current net transaction value: -$33,193,812.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (2)
CIK 0001017608
Primary reporting owner
GARCIA ERNEST C. II
- Relationship
- 10%+ Owner
- Address
- 1720 W. RIO SALADO PARKWAY, SUITE A, TEMPE
- Signature
- /s/ Ernest C. Garcia II
- Signature date
- 14 Aug 2025
CIK 0001754720
ECG II SPE, LLC
- Relationship
- 10%+ Owner
- Address
- 1720 W. RIO SALADO PARKWAY, SUITE A, TEMPE
- Signature
- /s/ Ernest C. Garcia II, ECG II SPE, LLC
- Signature date
- 14 Aug 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CVNA
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +95,087
- Change %
- Price
- Shares after
- 95,087
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F1
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $468,977
- Shares
- -1,362
- Change %
- -1.4%
- Price
- $344.33
- Shares after
- 93,725
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $1,607,441
- Shares
- -4,652
- Change %
- -5%
- Price
- $345.54
- Shares after
- 89,073
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $2,273,818
- Shares
- -6,566
- Change %
- -7.4%
- Price
- $346.30
- Shares after
- 82,507
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $3,570,274
- Shares
- -10,276
- Change %
- -12%
- Price
- $347.44
- Shares after
- 72,231
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $3,714,326
- Shares
- -10,658
- Change %
- -15%
- Price
- $348.50
- Shares after
- 61,573
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $2,905,299
- Shares
- -8,316
- Change %
- -14%
- Price
- $349.36
- Shares after
- 53,257
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $18,127,731
- Shares
- -51,759
- Change %
- -97%
- Price
- $350.23
- Shares after
- 1,498
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class A Common Stock
Sale
- Transaction value
- $525,947
- Shares
- -1,498
- Change %
- -100%
- Price
- $351.10
- Shares after
- 0
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F2, F3
CVNA
transaction
Class B Common Stock
Other
- Transaction value
- Shares
- -95,087
- Change %
- -0.28%
- Price
- Shares after
- 34,442,317
- Date
- 13 Aug 2025
- Ownership
- Direct
- Footnotes
- F4
CVNA
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 8,000,000
- Date
- 13 Aug 2025
- Ownership
- ECG II SPE, LLC
- Footnotes
- F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CVNA
transaction
Derivative
Class A Units
Conversion of derivative security
- Transaction value
- $0
- Shares
- -118,859
- Change %
- -0.28%
- Price
- $0.000000
- Shares after
- 43,052,895
- Date
- 13 Aug 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 95,087
- Exercise price
- Footnotes
- F1
CVNA
holding
Derivative
Class A Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 10,000,000
- Date
- 13 Aug 2025
- Ownership
- ECG II SPE, LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 8,000,000
- Exercise price
- Footnotes
- F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 6 footnotes
Footnote F1
Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
Footnote F2
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on December 13, 2024.
Footnote F3
The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $343.84-$344.77, inclusive (weighted average of $344.3296); $344.91-$345.87, inclusive (weighted average of $345.5376); $345.91-$346.90, inclusive (weighted average of $346.3018);$346.91-$347.90, inclusive (weighted average of $347.4381); $347.91-$348.90, inclusive (weighted average of $348.5012); $348.92-$349.91, inclusive (weighted average of $349.3626); $349.92-$350.89, inclusive (weighted average of $350.2334); and $350.94-$351.44, inclusive (weighted average of $351.0997), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
Footnote F4
Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
Footnote F5
These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
Footnote F6
These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.