Carvana Co. (NYSE:CVNA) Major Shareholder Sells $16,873,000.00 in Stock

Posted by James Conley on Jun 16th, 2025

Carvana Co. (NYSE:CVNA – Get Free Report) major shareholder Ernest C. Garcia II sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $337.46, for a total value of $16,873,000.00. Following the transaction, the insider now owns 36,892,317 shares in the company, valued at approximately $12,449,681,294.82. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Ernest C. Garcia II also recently made the following trade(s):

On Monday, June 9th, Ernest C. Garcia II sold 50,000 shares of Carvana stock. The stock was sold at an average price of $330.27, for a total value of $16,513,500.00.
On Friday, June 6th, Ernest C. Garcia II sold 100,000 shares of Carvana stock. The stock was sold at an average price of $346.99, for a total value of $34,699,000.00.
On Wednesday, June 4th, Ernest C. Garcia II sold 50,000 shares of Carvana stock. The stock was sold at an average price of $339.58, for a total value of $16,979,000.00.
On Monday, June 2nd, Ernest C. Garcia II sold 50,000 shares of Carvana stock. The shares were sold at an average price of $325.94, for a total value of $16,297,000.00.
On Friday, May 30th, Ernest C. Garcia II sold 50,000 shares of Carvana stock. The shares were sold at an average price of $325.16, for a total value of $16,258,000.00.

Carvana Stock Performance

NYSE:CVNA opened at $296.71 on Monday. The firm’s fifty day simple moving average is $272.91 and its 200 day simple moving average is $240.85. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. Carvana Co. has a twelve month low of $100.05 and a twelve month high of $351.43. The firm has a market capitalization of $63.54 billion, a price-to-earnings ratio of 188.99 and a beta of 3.65.

Carvana (NYSE:CVNA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 38.3% on a year-over-year basis. As a group, equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CVNA shares. Morgan Stanley upped their price objective on Carvana from $280.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Evercore ISI decreased their price objective on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada upped their price objective on Carvana from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. William Blair reiterated an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Finally, Citigroup upped their price objective on Carvana from $280.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.35.

Check Out Our Latest Research Report on CVNA

Institutional Trading of Carvana

Large investors have recently modified their holdings of the business. Brooklyn Investment Group grew its stake in shares of Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after acquiring an additional 125 shares in the last quarter. Quent Capital LLC acquired a new position in Carvana in the fourth quarter worth about $28,000. Global Retirement Partners LLC grew its stake in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in Carvana in the fourth quarter worth about $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Carvana in the first quarter worth about $33,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

About Carvana

(Get Free Report)

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.