CarvanaCVNA
About: Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
Employees: 13,700
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
214% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 35
50% more funds holding in top 10
Funds holding in top 10: 22 [Q1] → 33 (+11) [Q2]
24% more capital invested
Capital invested by funds: $12.7B [Q1] → $15.7B (+$3B) [Q2]
23% more funds holding
Funds holding: 329 [Q1] → 404 (+75) [Q2]
13% more call options, than puts
Call options by funds: $2.24B | Put options by funds: $1.98B
9% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 120
20.12% less ownership
Funds ownership: 124.47% [Q1] → 104.35% (-20.12%) [Q2]
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Morgan Stanley Adam Jonas 57% 1-year accuracy 35 / 61 met price target | 6%upside $260 | Equal-Weight Upgraded | 5 Nov 2024 |
JMP Securities Nicholas Jones 74% 1-year accuracy 53 / 72 met price target | 31%upside $320 | Market Outperform Maintained | 31 Oct 2024 |
Piper Sandler Alexander Potter 50% 1-year accuracy 11 / 22 met price target | 8%downside $225 | Neutral Maintained | 31 Oct 2024 |
JP Morgan Rajat Gupta 78% 1-year accuracy 21 / 27 met price target | 23%upside $300 | Overweight Maintained | 31 Oct 2024 |
Needham Chris Pierce 37% 1-year accuracy 21 / 57 met price target | 23%upside $300 | Buy Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 48 articles about CVNA published over the past 30 days