TLDR
- Carvana launched same-day vehicle delivery service in the San Francisco Bay Area for select customers who buy or sell cars online
- CEO Ernest C. Garcia III sold $939,347 worth of Class A Common Stock through two trusts on September 25, 2025
- The stock sales involved 2,500 shares at prices between $356.32 and $367.54 per share under a Rule 10b5-1 trading plan
- Same-day delivery is powered by Carvana’s expanding Northern California operations, including facilities in Rocklin and Tracy
- Carvana has expanded same-day delivery to markets across more than 15 states since first launching the service in Arizona
Carvana’s Chief Executive Officer Ernest C. Garcia III sold $939,347 worth of company stock on September 25, 2025. The transactions occurred through two family trusts.
The sales involved 2,500 shares of Class A Common Stock. Prices ranged from $356.32 to $367.54 per share.
The Ernest Irrevocable 2004 Trust III sold 1,200 shares. The Ernest C. Garcia III Multi-Generational Trust III sold 1,300 shares.
Garcia executed the sales under a Rule 10b5-1 trading plan adopted on December 13, 2024. These plans allow company insiders to sell shares on a predetermined schedule.
After the transactions, the Ernest Irrevocable 2004 Trust III holds 400,140 shares. The Ernest C. Garcia III Multi-Generational Trust III holds 500,140 shares.
Garcia also directly owns 921,926 shares. The stock currently trades at $392.66, near its 52-week high of $413.33.
Carvana’s market capitalization stands at $85.8 billion. The stock has delivered a 117.5% return over the past year.
Same-Day Delivery Reaches San Francisco
The online used car retailer announced the launch of same-day vehicle delivery in the greater San Francisco Bay Area on September 30, 2025. Select local customers can now receive their newly purchased vehicle the same day they order on Carvana.com.
Bay Area customers selling a car can also access same-day drop-off and pickup options. This applies after completing Carvana’s online appraisal process.
The new service is powered by Carvana’s expanding Northern California operations. The company operates an Inspection and Reconditioning Center in Rocklin.
Carvana recently integrated IRC capabilities at ADESA Golden Gate in Tracy. These facilities provide reconditioning capacity and strengthen the fulfillment network.
Growing National Footprint
Jacqueline Hearns, Carvana’s Senior Director of Market Operations and Expansion, said the Bay Area has always been an important market. The launch takes the customer experience to the next level.
Local customers can now go from checkout to driveway delivery the same day. The service offers speed with the convenience and transparency customers expect from Carvana.
Carvana first introduced same-day delivery in Arizona. The company has rapidly expanded the offering to select markets across more than 15 states.
One Bay Area customer, Alycia B., described the process as simple and convenient. She and her husband didn’t realize buying a car could be this easy.
They received their vehicle in their driveway the same day. The couple plans to trade in their other car and purchase with Carvana again soon.
Carvana’s platform allows customers to shop one of the nation’s largest selections of pre-owned vehicles. Customers can secure financing, trade in their current car, and complete purchases entirely online.
The company plans to continue expanding same-day delivery in the months ahead. This expansion leverages its growing network of IRCs and fulfillment operations.
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