Insider trade

CEO sold ~$399K of CVNA shares in the open market

Traded Oct 8, 2025 · Filed Oct 11, 2025

CarvanaCVNA

~$399K
Reported value · 1,094 sh @ $364.30: 354K
Holds after · shares reported: -12.7%
stock since the trade · S&P 500 +13.5%, $72.182 → $63.04 on Oct 1

Why it stands out

The boss of Carvana sold $399K of Carvana shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Oct 8, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 11, 2025

CEOIndirect holding$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$398,544

Shares × reported transaction price

Timing vs results

70 days after results of Jul 30, 2025, 21 days before results of Oct 29, 2025

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $72.182 on Oct 8, 2025, 122% above its 52-week low and 9% below its high, after a 3% drop over the previous 30 trading days

52-week range $32.514 (Apr 4, 2025) to $79.082 (Oct 1, 2025), 85% of the way up, from 250 adjusted closes. 30 trading days earlier: $74.44 on Aug 26, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-0.2%	+1.3%	-1.4%
30 days	-3.0%	+3.1%	-6.0%
90 days	+37.3%	+4.8%	+32.5%
180 days	+6.2%	+3.5%	+2.7%

Past results only. Not a forecast.

Source receipt

Record ID: 0001700548-25-000124
Filed / recorded: Oct 11, 2025, 2:17 AM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CARVANA CO.
Issuer CIK: 1690820
Ticker: CVNA
Reporting person: Ernest C. Iii Garcia
Relationship: Director, Officer, 10% owner
Officer title: Chief Executive Officer
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Oct 8, 2025
Transaction code: S
Shares / units: 1,094
Price per share: $364.30
Acquired / disposed: Disposed (D)
Shares owned after: 354,184
Ownership form: Indirect — Ernest Irrevocable 2004 Trust III
Amendment: No

Footnotes from the filing

The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
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.
This transaction was executed in multiple trades at prices ranging from $363.93 to $364.91, inclusive.
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.