Carvana (US:CVNA) 智通财经网·2025-05-15 01:21Core Viewpoint - Carvana's CEO Ernest Garcia III plans to sell $192 million worth of stock, marking the largest personal sell-off since the company's IPO in 2017, coinciding with a significant rise in the company's stock price [1] Group 1: Stock Sale and Performance - Garcia intends to sell 630,000 shares, representing about 2% of his total holdings in Carvana, through a pre-established 10b5-1 trading plan [1] - Carvana's stock price surged to $305.52, reflecting an approximate 18% increase since the strong sales and earnings report released in May [1] Group 2: Family Holdings and Options - Garcia's father, Ernie Garcia II, has sold call options for 4 million shares of Carvana, which constitutes about 9% of his holdings, allowing Citigroup to purchase shares at $400 each before April 17, 2026 [2] - The structured call options benefit Garcia II if the stock price remains below $400, and he has pledged an additional 9 million shares as collateral [2]