Carvana Co. $CVNA Stock: Steadview Capital Management LLC Raises Position

Key Points

• Steadview Capital increased its Carvana position by 3.6% in the third quarter, bringing its holdings to 783,031 shares worth approximately $49.0 million. Institutional investors own 56.71% of Carvana.
• Carvana reported 42.4% year-over-year revenue growth to $8.04 billion, but quarterly earnings of $0.39 per share missed estimates of $0.44 as logistics and interest costs pressured profitability.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and an $82.09 price target, although some firms maintain neutral ratings due to Carvana’s premium valuation, debt levels and margin concerns.

Steadview Capital Management LLC lifted its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 783,031 shares of the company's stock after buying an additional 27,415 shares during the quarter. Carvana makes up about 16.8% of Steadview Capital Management LLC's portfolio, making the stock its 3rd biggest position. Steadview Capital Management LLC owned 0.07% of Carvana worth $48,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVNA. Ascentis Independent Advisors bought a new position in Carvana in the 1st quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Carvana by 152.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company's stock worth $30,000 after purchasing an additional 58 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Carvana during the first quarter valued at $36,000. Leonteq Securities AG boosted its stake in shares of Carvana by 106.8% during the first quarter. Leonteq Securities AG now owns 122 shares of the company's stock valued at $38,000 after purchasing an additional 1,912 shares during the period. Finally, Root Financial Partners LLC boosted its stake in shares of Carvana by 114.1% during the first quarter. Root Financial Partners LLC now owns 289 shares of the company's stock valued at $91,000 after purchasing an additional 154 shares during the period. 56.71% of the stock is owned by institutional investors.

Carvana Stock Performance

Shares of Carvana stock opened at $68.15 on Friday. The firm has a market cap of $75.00 billion, a P/E ratio of 34.29, a P/E/G ratio of 2.08 and a beta of 3.55. The company has a current ratio of 4.05, a quick ratio of 2.33 and a debt-to-equity ratio of 0.86. Carvana Co. has a 12 month low of $54.46 and a 12 month high of $97.38. The stock's fifty day moving average price is $65.78 and its 200-day moving average price is $69.42.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). Carvana had a net margin of 6.21% and a return on equity of 34.77%. The firm had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $7.71 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business's revenue was up 42.4% compared to the same quarter last year. On average, equities research analysts expect that Carvana Co. will post 1.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CVNA. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $85.00 price target on shares of Carvana in a research note on Thursday. Royal Bank Of Canada set a $82.00 price objective on shares of Carvana and gave the company an "outperform" rating in a research report on Thursday, July 30th. Bank of America restated a "neutral" rating on shares of Carvana in a research note on Thursday. Citigroup restated a "market outperform" rating on shares of Carvana in a research note on Wednesday. Finally, Barclays raised their target price on shares of Carvana from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.09.

Key Stories Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana reported record third-quarter revenue of approximately $8.04 billion, up 42.4% year over year, with retail unit sales rising nearly 40% to roughly 217,385 vehicles. The strong volume growth exceeded revenue expectations and overshadowed the earnings miss. Carvana Q3 2026 Earnings Call Highlights
• Positive Sentiment: Morgan Stanley named Carvana a top pick, while UBS maintained a Buy rating. Barclays raised its price target to $82 from $80, and Citizens JMP increased its target to $85 from $83, suggesting analysts see meaningful upside if growth continues. Morgan Stanley Names Carvana a Top Pick
• Positive Sentiment: Needham retained a Buy rating despite lowering its target to $100, arguing that the recent selloff went too far. Commentary also pointed to positive free cash flow and an improved net-debt position as signs of strengthening financial health. Needham’s $100 Target
• Neutral Sentiment: CEO comments that artificial intelligence could simplify used-car buying offer a potential long-term efficiency and customer-experience opportunity, but no specific financial benefit or implementation timeline was announced. Carvana CEO Says AI Could Simplify Used-Car Buying
• Negative Sentiment: Adjusted earnings of $0.39 per share missed estimates, as higher logistics expenses, interest costs and declining unit profitability pressured margins despite record sales. Analysts warn that rising costs, substantial debt and ambitious expansion plans could limit financial flexibility. CVNA Q3 Earnings Miss on Higher Costs
• Negative Sentiment: BNP Paribas Exane and DA Davidson maintained Neutral ratings with $67 targets, underscoring skepticism that the stock’s premium valuation is justified without further margin improvement.

Insider Buying and Selling at Carvana

In other news, Director Ira J. Platt sold 15,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $75.50, for a total transaction of $1,132,500.00. Following the transaction, the director directly owned 186,470 shares in the company, valued at approximately $14,078,485. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Benjamin Huston sold 50,000 shares of Carvana stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $71.55, for a total transaction of $3,577,500.00. Following the transaction, the chief operating officer directly owned 478,693 shares in the company, valued at approximately $34,250,484.15. The trade was a 9.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 358,161 shares of company stock worth $24,164,285. 15.19% of the stock is currently owned by company insiders.

About Carvana

Carvana Co NYSE: CVNA is an online automotive retailer that sells used vehicles through its digital platform. Customers can browse vehicles, review detailed descriptions and vehicle history information, arrange financing, complete transactions online and choose home delivery or pickup at a Carvana location.

The company also provides vehicle trade-in services and offers related products, including vehicle protection plans and other automotive services. Carvana is known for its automated, glass-enclosed vehicle vending machines, which provide an alternative pickup experience in select markets.

Founded in 2012 and headquartered in Tempe, Arizona, Carvana began operations as an online used-car retailer in 2013 and went public in 2017.

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