Further negatives emerged. A shareholder derivative suit brought by pension funds alleges that the Garcias sold shares to "select investors handpicked by the Garcias," including themselves, at artificially low market prices. The suit was ongoing at press time. And when shares were higher in September 2021, the Wall Street Journal revealed that Garcia II had offloaded more than $3.6 billion of Carvana stock, according to company filings, representing 16 percent of his holdings.