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 Q3 regulatory filings by fund managers ($100M+ AUM)
195% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 39
31% more capital invested
Capital invested by funds: $15.7B [Q2] → $20.6B (+$4.92B) [Q3]
18% more funds holding
Funds holding: 405 [Q2] → 477 (+72) [Q3]
13% more repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 149
8.78% less ownership
Funds ownership: 104.43% [Q2] → 95.65% (-8.78%) [Q3]
9% less funds holding in top 10
Funds holding in top 10: 33 [Q2] → 30 (-3) [Q3]
31% less call options, than puts
Call options by funds: $2.29B | Put options by funds: $3.31B
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Wedbush Seth Basham 65% 1-year accuracy 87 / 134 met price target | 12%downside $250 | Neutral Reiterated | 6 Feb 2025 |
Stephens & Co. Jeff Lick 78% 1-year accuracy 7 / 9 met price target | 5%upside $300 | Overweight Reiterated | 6 Feb 2025 |
JP Morgan Rajat Gupta 76% 1-year accuracy 25 / 33 met price target | 23%upside $350 | Overweight Maintained | 31 Jan 2025 |
Citigroup Ronald Josey 82% 1-year accuracy 45 / 55 met price target | 3%downside $277 | Buy Upgraded | 8 Jan 2025 |
RBC Capital Brad Erickson 84% 1-year accuracy 52 / 62 met price target | 2%downside $280 | Outperform Upgraded | 7 Jan 2025 |
Financial journalist opinion
Based on 66 articles about CVNA published over the past 30 days









