CVNA stock icon

Carvana
CVNA

$110.78
1.7%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 26 analysts
0
News positive %
of 25 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

103% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 37

61% more capital invested

Capital invested by funds: $6.27B [Q4 2023] → $10.1B (+$3.85B) [Q1 2024]

16% more funds holding in top 10

Funds holding in top 10: 19 [Q4 2023] → 22 (+3) [Q1 2024]

13% more funds holding

Funds holding: 285 [Q4 2023] → 323 (+38) [Q1 2024]

4.79% less ownership

Funds ownership: 103.95% [Q4 2023] → 99.16% (-4.79%) [Q1 2024]

14% less repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 111

18% less call options, than puts

Call options by funds: $1.5B | Put options by funds: $1.82B

Research analyst outlook

26 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$45
59%
downside
Avg. target
$91
18%
downside
High target
$150
35%
upside

26 analyst ratings

positive
31%
16 neutral
62%
negative
8%
JP Morgan
Rajat Gupta
35%upside
$150
Overweight
Maintained
10 Jun 2024
JMP Securities
Nicholas Jones
35%upside
$150
Market Outperform
Maintained
7 Jun 2024
JMP Securities
Nicholas Jones
22%upside
$135
Market Outperform
Reiterated
14 May 2024
JMP Securities
Nicholas Jones
22%upside
$135
Market Outperform
Maintained
3 May 2024
TD Cowen
John Blackledge
1%downside
$110
Hold
Maintained
2 May 2024

Financial journalist opinion

Based on 25 articles about CVNA published over the past 30 days