Carvana Shares Soar 0.81% on $780M Surge Climb to 137th in Market Activity Rankings

On August 7, 2025, Carvana (CVNA) rose 0.81% with a trading volume of $780 million, ranking 137th in market activity. The stock’s recent performance has drawn attention as major institutional ownership shifts and analyst revisions reshape investor sentiment.

Ernest C. Garcia II, a 10% stakeholder in Carvana, executed a $36.2 million share sale on August 4, disposing of 90,299 Class A shares under a pre-announced Rule 10b5-1 trading plan. The transaction, priced between $353.81 and $370.77, marked Garcia’s indirect conversion of 225,000 Class A units into equity. Post-transaction, Garcia holds no direct Class A shares but retains significant Class B ownership through direct and indirect holdings.

Analyst activity intensified following Carvana’s Q2 2025 results, which exceeded consensus estimates for revenue and EBITDA. Institutional coverage saw DA Davidson raising its price target to $380, JPMorgan to $415, Needham to $500, BTIG to $450, and JMP Securities to $460. These upgrades highlight confidence in Carvana’s operational efficiency and market expansion potential despite macroeconomic uncertainties.

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