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Carvana | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Ernest C. Garcia II(37.9%),ECG II SPE, LLC(6.1%), etc.

SEC ·  Sep 10 08:21
Summary by Futu AI
Ernest C. Garcia II, along with entities Verde Investments, Inc. and ECG II SPE, LLC, filed an amended Schedule 13D with the SEC, reporting a significant ownership stake in Carvana Co. The filing, dated September 6, 2024, indicates that Garcia and the associated entities collectively own 74,319,152 shares, representing 37.9% of the company's Class A common stock. The filing also details recent transactions in Carvana's stock, with purchases made in open market transactions at prevailing market prices from August 1, 2024, to September 6, 2024. These transactions were conducted under a Rule 10b5-1 trading plan adopted on March 11, 2024. The filing provides transparency into the ownership and trading activities of Garcia and related entities, which is critical information for investors and the market.
Ernest C. Garcia II, along with entities Verde Investments, Inc. and ECG II SPE, LLC, filed an amended Schedule 13D with the SEC, reporting a significant ownership stake in Carvana Co. The filing, dated September 6, 2024, indicates that Garcia and the associated entities collectively own 74,319,152 shares, representing 37.9% of the company's Class A common stock. The filing also details recent transactions in Carvana's stock, with purchases made in open market transactions at prevailing market prices from August 1, 2024, to September 6, 2024. These transactions were conducted under a Rule 10b5-1 trading plan adopted on March 11, 2024. The filing provides transparency into the ownership and trading activities of Garcia and related entities, which is critical information for investors and the market.
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