Insider trade

CEO sold ~$482K of CVNA shares in the open market

Traded Oct 2, 2025 · Filed Oct 7, 2025

CarvanaCVNA

~$482K
Approx. value · 1,224 sh @ $393.87: 374K
Holds after · shares reported: −19.3%
stock since the trade · S&P 500 +15.8%, $78.94 → $63.72 on Oct 5

Why it stands out

The CEO of Carvana sold $482K of Carvana shares. The filing says it was made under a pre-arranged trading plan.

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 2, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 7, 2025

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

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$482,097

Shares × reported transaction price

Timing vs results

64 days after results of Jul 30, 2025, 27 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 $78.94 on Oct 2, 2025, within 1% of its 52-week high, after a 17% rise over the previous 30 trading days

52-week range $32.51 (Apr 4, 2025) to $79.08 (Oct 1, 2025), 100% of the way up, from 250 adjusted closes. 30 trading days earlier: $67.72 on Aug 20, 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	−6.6%	−1.0%	−5.6%
30 days	−21.6%	+0.2%	−21.8%
90 days	+16.1%	+2.8%	+13.4%
180 days	−14.4%	−1.5%	−12.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001700548-25-000114
Filed / recorded: Oct 7, 2025, 2:22 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 2, 2025
Transaction code: S
Shares / units: 1,224
Price per share: $393.87
Acquired / disposed: Disposed (D)
Shares owned after: 373,554
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 $393.28 to $394.27, 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.