Garcia Amends Carvana Stake Filing (32nd Time)
Ticker: CVNA · Form: SC 13D/A · Filed: 2024-07-01T00:00:00.000Z
Sentiment: neutral
Topics: 13D-filing, beneficial-ownership, amendment
Related Tickers: CVNA
TL;DR
Garcia's 32nd Carvana filing is in, ownership details updated.
AI Summary
Ernest C. Garcia II, through Verde Investments, Inc. and ECG II SPE, LLC, has amended their Schedule 13D filing for Carvana Co. as of June 27, 2024. This amendment, the 32nd, indicates a change in their beneficial ownership of Carvana's Class A Common Stock. The filing does not specify the exact percentage or number of shares held but signifies ongoing activity by a significant stakeholder.
Why It Matters
This filing signals continued active management or strategic interest by a major shareholder in Carvana, potentially influencing the company's stock performance and corporate actions.
Risk Assessment
Risk Level: medium — Amendments to 13D filings by significant shareholders can indicate shifts in strategy or market outlook, warranting close monitoring.
Key Numbers
- 32 — Amendment Number (Indicates this is the 32nd update to the filing, showing significant ongoing activity.)
- June 27, 2024 — Date of Event (The date of the event requiring this filing amendment.)
Key Players & Entities
- Ernest C. Garcia II (person) — Filing person and beneficial owner
- Verde Investments, Inc. (company) — Filing entity and associated with Ernest C. Garcia II
- ECG II SPE, LLC (company) — Filing entity and associated with Ernest C. Garcia II
- Carvana Co. (company) — Subject company
FAQ
What specific changes in beneficial ownership are reported in this 32nd amendment?
The filing states it is an amendment to Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (number of shares, percentage) are not provided in the header information.
Who are the filing persons making this amendment?
The filing persons are Ernest C. Garcia II, ECG II SPE, LLC, and Verde Investments, Inc.
What is the subject company of this filing?
The subject company is Carvana Co.
When was this amendment filed?
The filing was made on July 1, 2024, reporting an event as of June 27, 2024.
What is the CUSIP number for Carvana Co. Class A Common Stock?
The CUSIP number for Carvana Co. Class A Common Stock is 146869 102.
Filing Stats: 1,780 words · 7 min read · ~6 pages · Grade level 5.4 · Accepted 2024-07-01 17:00:27
Key Financial Figures
- $0.001 — suer) Class A Common Stock, par value $0.001 per share (Title of Class of Securiti
- $120.2598 — ge Number of Shares (2) 05/14/2024 $120.2598 $118.53-$124.38 60,000 05/15/2024
- $118.53 — of Shares (2) 05/14/2024 $120.2598 $118.53-$124.38 60,000 05/15/2024 $120.097
- $124.38 — s (2) 05/14/2024 $120.2598 $118.53-$124.38 60,000 05/15/2024 $120.0973 $117
- $120.0973 — $118.53-$124.38 60,000 05/15/2024 $120.0973 $117.90-$123.52 60,000 05/16/2024
- $117.90 — 4.38 60,000 05/15/2024 $120.0973 $117.90-$123.52 60,000 05/16/2024 $120.147
- $123.52 — 0,000 05/15/2024 $120.0973 $117.90-$123.52 60,000 05/16/2024 $120.1474 $117
- $120.1474 — $117.90-$123.52 60,000 05/16/2024 $120.1474 $117.44-$123.32 60,000 05/17/2024
- $117.44 — 3.52 60,000 05/16/2024 $120.1474 $117.44-$123.32 60,000 05/17/2024 $117.018
- $123.32 — 0,000 05/16/2024 $120.1474 $117.44-$123.32 60,000 05/17/2024 $117.0186 $115
- $117.0186 — $117.44-$123.32 60,000 05/17/2024 $117.0186 $115.79-$118.84 60,000 05/20/2024
- $115.79 — 3.32 60,000 05/17/2024 $117.0186 $115.79-$118.84 60,000 05/20/2024 $118.201
- $118.84 — 0,000 05/17/2024 $117.0186 $115.79-$118.84 60,000 05/20/2024 $118.2012 $115
- $118.2012 — $115.79-$118.84 60,000 05/20/2024 $118.2012 $115.18-$120.91 60,000 05/21/2024
- $115.18 — 8.84 60,000 05/20/2024 $118.2012 $115.18-$120.91 60,000 05/21/2024 $114.988
Filing Documents
- d810451dsc13da.htm (SC 13D/A) — 82KB
- 0001193125-24-173408.txt ( ) — 84KB
of the Original Schedule 13D is hereby amended and supplemented to include the following
Item 5 of the Original Schedule 13D is hereby amended and supplemented to include the following information : The information set forth on the cover pages of this Schedule 13D is incorporated by reference in its entirety into this Item 5. The transactions effected by the Reporting Persons in respect of Class A Shares since the most recent filing of the Reporting Persons on Schedule 13D are set forth on the following table. All transactions below were effected by Mr. Garcia in open market transactions at prevailing markets prices. Transaction Date Price Per Share (1) Price Per Share Range Number of Shares (2) 05/14/2024 $120.2598 $118.53-$124.38 60,000 05/15/2024 $120.0973 $117.90-$123.52 60,000 05/16/2024 $120.1474 $117.44-$123.32 60,000 05/17/2024 $117.0186 $115.79-$118.84 60,000 05/20/2024 $118.2012 $115.18-$120.91 60,000 05/21/2024 $114.9880 $113.75-$117.46 60,000 05/22/2024 $115.7774 $114.55-$118.11 60,000 05/23/2024 $112.0542 $108.85-$115.88 60,000 05/24/2024 $110.8386 $108.62-$112.74 60,000 05/28/2024 $105.6174 $103.38-$110.7025 60,000 05/29/2024 $104.7015 $101.54-$107.02 60,000 05/30/2024 $104.7352 $101.77-$107.52 60,000 05/31/2024 $100.1952 $98.17-$103.05 60,000 06/03/2024 $100.3583 $97.79-$103.84 60,000 06/04/2024 $99.8322 $97.93-$101.38 60,000 06/05/2024 $102.9750 $100.60-$104.86 60,000 06/06/2024 $105.1428 $103.39-$109.57 60,000 06/07/2024 $107.1485 $102.61-$110.79 60,000 06/10/2024 $108.0437 $105.88-$110.39 60,000 06/11/2024 $103.6392 $101.31-$106.48 60,000 06/12/2024 $110.2496 $107.17-$114.55 60,000 06/13/2024 $107.4377 $105.45-$110.63 60,000 06/14/2024 $102.9074 $101.38-$105.55 60,000 06/17/2024 $104.7922 $100.05-$109.52 60,000 06/18/2024 $110.2790 $108.03-$111.65 60,000 06/20/2024 $108.8584 $106.58-$112.6600 60,000 06/21/2024 $110.7161 $108.09-$112.84 60