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: 17,400
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
46% more first-time investments, than exits
New positions opened: 123 | Existing positions closed: 84
26% more call options, than puts
Call options by funds: $3.37B | Put options by funds: $2.68B
26% more repeat investments, than reductions
Existing positions increased: 230 | Existing positions reduced: 183
9% more funds holding in top 10
Funds holding in top 10: 35 [Q4 2024] → 38 (+3) [Q1 2025]
4% more funds holding
Funds holding: 572 [Q4 2024] → 597 (+25) [Q1 2025]
0% more capital invested
Capital invested by funds: $25.4B [Q4 2024] → $25.5B (+$105M) [Q1 2025]
6.32% less ownership
Funds ownership: 97.13% [Q4 2024] → 90.82% (-6.32%) [Q1 2025]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Citigroup Ronald Josey | 21%upside $415 | Buy Maintained | 8 Jul 2025 |
Stephens & Co. Jeff Lick | 9%upside $375 | Overweight Maintained | 7 Jul 2025 |
JMP Securities Nicholas Jones | 28%upside $440 | Market Outperform Maintained | 2 Jul 2025 |
Evercore ISI Group Michael Montani | 11%downside $305 | In-Line Maintained | 24 Jun 2025 |
B of A Securities Michael McGovern | 9%upside $375 | Buy Maintained | 10 Jun 2025 |
Financial journalist opinion
Based on 38 articles about CVNA published over the past 30 days









