CarvanaCVNA
Market Cap: 15.9B
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 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
34 Wall Street Analysts provided 1 year price forecasts over the past 6 months
34 analyst ratings
JP Morgan Rajat Gupta | 17%upside $155 | Overweight Maintained | 19 Jul 2024 |
Evercore ISI Group Michael Montani | 5%upside $140 | In-Line Maintained | 16 Jul 2024 |
BTIG Marvin Fong | 17%upside $155 | Buy Initiated | 15 Jul 2024 |
BTIG Marvin Fong | 17%upside $155 | Buy Initiated | 12 Jul 2024 |
JMP Securities Nicholas Jones | 13%upside $150 | Market Outperform Reiterated | 10 Jul 2024 |
Financial journalist opinion
Based on 41 articles about CVNA published over the past 30 days