Summary by Moomoo AI
Ernest C. Garcia II, a 10% shareholder of Carvana Co., is set to sell 4,875,000 shares of Class A Common Stock with an aggregate market value of approximately $596.31 million. The sale is scheduled for 07/09/2024. Garcia acquired these shares through various transactions, including public offerings, registered direct offerings, and open market investments, with acquisition dates ranging from April 2017 to June 2022. The transactions were all paid for in cash. Over the past three months, Garcia has sold a total of 3.1 million shares, generating gross proceeds of nearly $348.49 million. The notice for the upcoming sale was filed on the same day as the planned sale date, with the plan for this transaction having been adopted on 03/11/2024.