Carvana Co. (NYSE:CVNA) is a prominent player in the online auto sales industry, known for its innovative approach to car buying. The company offers a seamless online platform for purchasing used cars, setting it apart from traditional dealerships. Carvana competes with other online auto retailers and traditional car dealerships, striving to capture a larger share of the growing e-commerce market in the automotive sector.
On November 4, 2025, Gregory B. Sullivan, a director at Carvana, sold 2,500 shares of Class A Common Stock at $322.20 each. This transaction leaves Sullivan with 41,928 shares. This sale comes amid a turbulent period for Carvana, as the company recently faced a significant sell-off following its third-quarter earnings report. The report revealed a GAAP EPS of $1.03, missing the analysts' consensus estimate of $1.32, marking the first miss in 11 quarters.
Despite the earnings miss, Carvana's revenue growth remains robust. The company reported a 55% increase in revenue, reaching a record $5.65 billion, surpassing analysts' expectations of $5.1 billion. Additionally, Carvana's adjusted EBITDA rose by 45% to $429 million, and GAAP net income increased by 78% to $263 million. These figures highlight the company's strong operational performance, even as its stock price experiences volatility.
Carvana's stock has seen a significant decline, with the current price at $309.79, reflecting a 6.78% decrease. The stock has fluctuated between $309.74 and $326.40 today, with a market capitalization of approximately $66.67 billion. Despite the recent dip, Carvana's stock has shown resilience, rebounding from a 98% decline during the 2022 bear market.
Carvana's founder and CEO, Ernie Garcia, remains optimistic about the company's future. He emphasizes record sales and growth, reassuring investors of Carvana's long-term prospects. The company's strong support from Wall Street and the return of investors to the stock indicate confidence in its ability to navigate challenges and maintain its position as a leader in the online auto sales industry.
