Garcia Amends Carvana Stake Filing
Ticker: CVNA · Form: SC 13D/A · Filed: 2024-09-09T00:00:00.000Z
Sentiment: neutral
Topics: shareholder-filing, ownership-change, sec-filing
Related Tickers: CVNA
TL;DR
Garcia updated his Carvana ownership filing again. Still watching.
AI Summary
Ernest C. Garcia II, through entities like ECG II SPE, LLC and Verde Investments, Inc., has amended their Schedule 13D filing for Carvana Co. as of September 6, 2024. This amendment, the 34th, indicates a change in their beneficial ownership of Carvana's Class A Common Stock. Specific details on the exact percentage or number of shares changed are not provided in this excerpt, but the filing is a routine update on significant ownership.
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 — Schedule 13D filings indicate significant ownership stakes, and amendments can signal changes in strategy or market outlook by large investors.
Key Numbers
- 34 — Amendment Number (Indicates this is the 34th update to the filing.)
Key Players & Entities
- Ernest C. Garcia II (person) — Filing person and beneficial owner
- ECG II SPE, LLC (company) — Group member and entity holding shares
- VERDE INVESTMENTS, INC. (company) — Group member and entity holding shares
- CARVANA CO. (company) — Subject company
- Class A Common Stock (security) — Title of securities beneficially owned
FAQ
What is the specific change in beneficial ownership reported in this amendment?
This excerpt does not specify the exact change in beneficial ownership, only that an amendment (No. 34) has been filed as of September 6, 2024.
Who are the primary entities filing this Schedule 13D/A?
The primary filing person is Ernest C. Garcia II, and the group members include ECG II SPE, LLC and Verde Investments, Inc.
What is the subject company of this filing?
The subject company is Carvana Co.
What type of security is being reported on?
The filing pertains to Carvana Co.'s Class A Common Stock.
When was the event requiring this filing amendment?
The date of the event which requires the filing of this statement is September 6, 2024.
Filing Stats: 1,858 words · 7 min read · ~6 pages · Grade level 5.8 · Accepted 2024-09-09 20:19:26
Key Financial Figures
- $0.001 — suer) Class A Common Stock, par value $0.001 per share (Title of Class of Securiti
- $153.22 — ) 08/01/2024 $ 147.4472 $ 139.50-$153.22 100,000 08/02/2024 $ 137.3436 $
- $142.86 — 0 08/02/2024 $ 137.3436 $ 134.78-$142.86 75,000 08/05/2024 $ 130.6870 $
- $138.38 — 0 08/05/2024 $ 130.6870 $ 119.08-$138.38 75,000 08/06/2024 $ 137.8450 $
- $140.95 — 0 08/06/2024 $ 137.8450 $ 132.24-$140.95 75,000 08/07/2024 $ 134.2486 $
- $139.16 — 0 08/07/2024 $ 134.2486 $ 128.02-$139.16 75,000 08/08/2024 $ 131.1882 $
- $134.65 — 0 08/08/2024 $ 131.1882 $ 129.19-$134.65 75,000 08/09/2024 $ 135.0261 $
- $138.09 — 0 08/09/2024 $ 135.0261 $ 131.00-$138.09 75,000 08/12/2024 $ 134.0632 $
- $136.05 — 0 08/12/2024 $ 134.0632 $ 132.48-$136.05 75,000 08/13/2024 $ 142.5513 $
- $145.22 — 0 08/13/2024 $ 142.5513 $ 135.73-$145.22 75,000 08/14/2024 $ 143.7955 $
- $147.25 — 0 08/14/2024 $ 143.7955 $ 141.75-$147.25 75,000 08/15/2024 $ 148.6766 $
- $152.78 — 08/15/2024 $ 148.6766 $ 142.7526-$152.78 100,000 08/16/2024 $ 152.0901 $
- $156.15 — 08/16/2024 $ 152.0901 $ 148.9784-$156.15 100,000 08/19/2024 $ 154.9502 $
- $156.405 — 0 08/19/2024 $ 154.9502 $ 152.30-$156.405 100,000 08/20/2024 $ 154.0364 $
- $156.66 — 08/20/2024 $ 154.0364 $ 151.2350-$156.66 100,000 08/21/2024 $ 155.5120 $
Filing Documents
- d815923dsc13da.htm (SC 13D/A) — 85KB
- 0001193125-24-216148.txt ( ) — 87KB
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 Verde in open market transactions at prevailing markets prices. Transaction Date Price Per Share Price Per Share Range Number of Shares (2) 08/01/2024 $ 147.4472 $ 139.50-$153.22 100,000 08/02/2024 $ 137.3436 $ 134.78-$142.86 75,000 08/05/2024 $ 130.6870 $ 119.08-$138.38 75,000 08/06/2024 $ 137.8450 $ 132.24-$140.95 75,000 08/07/2024 $ 134.2486 $ 128.02-$139.16 75,000 08/08/2024 $ 131.1882 $ 129.19-$134.65 75,000 08/09/2024 $ 135.0261 $ 131.00-$138.09 75,000 08/12/2024 $ 134.0632 $ 132.48-$136.05 75,000 08/13/2024 $ 142.5513 $ 135.73-$145.22 75,000 08/14/2024 $ 143.7955 $ 141.75-$147.25 75,000 08/15/2024 $ 148.6766 $ 142.7526-$152.78 100,000 08/16/2024 $ 152.0901 $ 148.9784-$156.15 100,000 08/19/2024 $ 154.9502 $ 152.30-$156.405 100,000 08/20/2024 $ 154.0364 $ 151.2350-$156.66 100,000 08/21/2024 $ 155.5120 $ 154.20-$157.54 100,000 08/22/2024 $ 155.5326 152.04-159.00 100,000 08/23/2024 $ 155.9361 151.62-159.53 100,000 8/26/2024 $ 156.4620 $ 154.60- $158.50 90,814 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)