Garcia Amends Carvana Stake Filing

Ticker: CVNA · Form: SC 13D/A · Filed: 2024-08-01T00:00:00.000Z

Sentiment: neutral

Topics: schedule-13d, shareholder-activity, amendment

Related Tickers: CVNA

TL;DR

Garcia's group updated their Carvana filing - watch for ownership changes.

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 July 31, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. The filing is an amendment to a previous Schedule 13D, suggesting ongoing activity or adjustments by Garcia and his associated entities regarding their investment in Carvana.

Why It Matters

This filing signals potential shifts in significant shareholder positions, which could influence market perception and trading activity for Carvana Co.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant shareholder activity that can impact stock price.

Key Players & Entities

FAQ

What is the specific date of the event requiring this Schedule 13D/A filing?

The date of the event which requires filing of this statement is July 31, 2024.

Who is the person authorized to receive notices and communications for this filing?

Ernest C. Garcia II, c/o Verde Investments, Inc., 5430 Lyndon B. Johnson Fwy, Tower 3, Suite 1250, Dallas, Texas 75240, is the person authorized to receive notices and communications.

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.

What is the business address of Carvana Co.?

The business address of Carvana Co. is 300 E. Rio Salado Parkway, Tempe, AZ 85281.

What is the filing type and SEC Act associated with this document?

The filing type is SC 13D/A, filed under the Securities Exchange Act of 1934.

Filing Stats: 1,848 words · 7 min read · ~6 pages · Grade level 6 · Accepted 2024-08-01 21:57:49

Key Financial Figures

Filing Documents

of the Original Schedule 13D is hereby amended and supplemented to include the following information

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 Price Per Share Range Number of Shares (2) 07/01/2024 $ 124.7231 $ 121.20-$129.03 75,000 07/02/2024 $ 124.7001 $ 121.6039-$128.32 75,000 07/03/2024 $ 127.094 $ 125.60-$129.01 75,000 07/05/2024 $ 125.7171 $ 124.3167-$127.26 75,000 07/08/2024 $ 124.689 $ 120.25-$129.88 75,000 07/09/2024 $ 123.4334 $ 121.00-$125.76 75,000 07/10/2024 $ 130.7793 $ 126.80-$136.16 75,000 07/11/2024 $ 131.6346 $ 127.89-$135.94 75,000 07/12/2024 $ 136.6306 $ 130.695-$140.65 37,500 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 Verde in open market transactions at prevailing markets prices. Transaction Date Price Per Share Price Per Share Range Number of Shares (2) 07/12/2024 $ 134.7794 $ 130.32-$140.65 37,500 07/15/2024 $ 141.3193 $ 137.02-$144.18 75,000 07/16/2024 $ 144.6719 $ 140.87-$147.17 75,000 07/17/2024 $ 136.1839 $ 132.19-$142.68 75,000 07/18/2024 $ 131.8894 $ 128.32-$137.27 75,000 07/19/2024 $ 132.4951 $ 128.7956-$136.12 75,000 07/22/2024 $ 130.753 $ 127.29-$135.21 75,000 07/23/2024 $ 128.177 $ 124.319-$130.44 75,000 07/24/2024 $ 125.2073 $ 122.94-$127.86 75,000 07

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