- Entry
- $77.94
- Now
- $70.25 -9.9%
- Target
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So I was poking around Carvana's filings this weekend and stumbled onto something I haven't really seen discussed. On April 30, Ernie Garcia II (founder, 10% holder) sold 4 million shares for $1.58B. Stock didn't really react. But the way he did it is what got my attention. A few things: \- It's his first open-market sale in 24 months. He's been completely quiet. \- He didn't use a 10b5-1 plan. That's how insiders usually pre-schedule sales so the market …
— ORIGINAL POST ·
Am I the only one who noticed the Carvana founder just sold $1.58B with options wrapped around it?
· r/stocks
· May 11, 2026