Big Carvana insider sale

Ernie Garcia II, the billionaire father of used-car dealership Carvana’s CEO, has sold more than $3.6 billion of company stock since October — raising eyebrows over whether the ownership structure of the firm gives the family too much control.

The only people who have sold more stock than Garcia II since the start of 2020 are Amazon founder Jeff Bezos, Facebook founder Mark Zuckerberg and members of Walmart’s Walton family, The Wall Street Journal reported.