Summary by Futu AI
Ernest C. Garcia II, associated with Carvana Co. [CVNA], completed a series of transactions selling a total of 120,000 shares of Class A Common Stock over the course of two days, from June 6 to June 7, 2024. The transactions were executed through open market or private sales, with prices ranging from $103.12 to $110.24 per share, resulting in a total market value of $12,737,483.29. Following these transactions, Garcia II's direct holdings in Carvana Co. amounted to 41,442,317 shares. Additionally, indirect holdings through various trusts and entities total 36,164,335 shares, including both Class A and Class B Common Stock, with entities such as Verde Investments, Inc., Ernest Irrevocable 2004 Trust III, Ernest C. Garcia III Multi-Generational Trust III, and ECG II SPE, LLC.