Ernest C. Garcia III Sells Shares of Carvana Co.

Ernest C. Garcia III, the Chief Executive Officer and a ten percent owner of Carvana Co., has sold a significant number of shares in the company. The sales were executed on August 6, 2025, under a Rule 10b5-1 trading plan adopted on December 13, 2024. The shares were sold at prices ranging from $346.11 to $357.07, with the total number of shares sold amounting to several thousand. The shares were held indirectly through the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, for which Garcia serves as the Investment Trustee and Co-Administrative Trustee. Following these transactions, Garcia's ownership in Carvana Co. has decreased, but he still retains a substantial number of shares.