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 between June 18, 2024, and June 20, 2024. The sales were executed in the open market with prices ranging from $107.0933 to $112.3825 per share, culminating in a total market value of $13,148,243.60. Following these transactions, Garcia II's direct holdings in Carvana's Common Stock decreased to 1,057,500 shares. Additionally, Garcia II maintains indirect ownership of 36,164,335 shares through various trusts and investment entities. The transactions were reported as completed and reflect a significant change in Garcia II's investment in the company.