Carvana Co. $CVNA Stock Holdings Decreased by Styrax Capital LP

Styrax Capital LP lowered its stake in shares of Carvana Co. (NYSE:CVNA) by 26.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,272 shares of the company’s stock after selling 81,729 shares during the quarter. Carvana accounts for about 7.3% of Styrax Capital LP’s portfolio, making the stock its 5th largest position. Styrax Capital LP’s holdings in Carvana were worth $95,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. First Horizon Corp increased its position in shares of Carvana by 6.4% during the fourth quarter. First Horizon Corp now owns 418 shares of the company’s stock worth $176,000 after acquiring an additional 25 shares during the period. Finivi Inc. increased its position in shares of Carvana by 4.6% during the fourth quarter. Finivi Inc. now owns 698 shares of the company’s stock worth $295,000 after acquiring an additional 31 shares during the period. HB Wealth Management LLC increased its position in shares of Carvana by 1.0% during the fourth quarter. HB Wealth Management LLC now owns 3,190 shares of the company’s stock worth $1,346,000 after acquiring an additional 31 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in shares of Carvana by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock worth $622,000 after acquiring an additional 31 shares during the period. Finally, Insigneo Advisory Services LLC increased its position in shares of Carvana by 4.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 696 shares of the company’s stock worth $294,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Stock Performance

Shares of CVNA stock opened at $69.96 on Wednesday. The stock’s 50-day moving average is $71.47 and its two-hundred day moving average is $75.25. The firm has a market cap of $76.73 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 11.63 and a beta of 3.45. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.37. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. Analysts predict that Carvana Co. will post 1.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BNP Paribas Exane increased their target price on Carvana from $77.60 to $85.80 in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $107.40 target price on shares of Carvana in a report on Thursday, April 30th. DA Davidson increased their target price on Carvana from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, May 1st. BTIG Research reissued a “buy” rating and issued a $97.00 target price on shares of Carvana in a report on Friday, June 5th. Finally, Wedbush dropped their target price on Carvana from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

Insider Buying and Selling at Carvana

In other news, Director Ira J. Platt sold 15,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $67.83, for a total transaction of $1,017,450.00. Following the completion of the sale, the director owned 186,470 shares in the company, valued at approximately $12,648,260.10. This represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark W. Jenkins sold 63,750 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $70.40, for a total transaction of $4,488,000.00. Following the sale, the chief financial officer owned 1,036,594 shares of the company’s stock, valued at $72,976,217.60. This trade represents a 5.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 415,812 shares of company stock valued at $29,056,896. Corporate insiders own 15.19% of the company’s stock.

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana’s expansion into new vehicles is drawing attention as a potentially meaningful growth driver. The company has bought seven new-vehicle franchises since last year, which could broaden revenue opportunities and support a stronger long-term growth narrative. Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
• Positive Sentiment: Analyst-related coverage remains constructive, with reports citing about 37% implied upside from Wall Street price targets and improving earnings estimate revisions, which can reinforce bullish sentiment for CVNA. Can Carvana (CVNA) Climb 37.01% to Reach the Level Wall Street Analysts Expect?
• Positive Sentiment: Investor commentary has also been favorable, including Jim Cramer’s remark that Carvana was “a great buy,” which may be adding to retail enthusiasm. Jim Cramer Notes “Carvana Was a Great Buy for Us”
• Neutral Sentiment: Recent trading strength appears to reflect relative outperformance versus a softer broader market, rather than a single major new catalyst. Carvana (CVNA) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: Director Ira Platt sold 15,000 shares at $67.83, but the sale was modest relative to his remaining stake and is not necessarily a strong negative signal on fundamentals. SEC Form 4 filing for Ira J. Platt

Carvana Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.