Ernest C. Garcia III's Sale of Carvana Co. Shares

Ernest C. Garcia III, the Chief Executive Officer and a significant shareholder of Carvana Co., reported multiple sales of Class A Common Stock on August 5, 2025. The sales were executed through two trusts: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. The transactions were conducted under a Rule 10b5-1 trading plan adopted on December 13, 2024. The shares were sold at prices ranging from $346.40 to $361.61, with the total number of shares sold amounting to several thousand. Following these transactions, Garcia's ownership in Carvana Co. decreased, but he still retains a substantial number of shares. The sales were reported in a Form 4 filing with the SEC.