CarvanaCVNA
Market Cap: $16.5B
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 Q2 SEC filings by fund managers ($100M+ AUM)
214% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 35
50% more funds holding in top 10
Funds holding in top 10: 22 [Q1] → 33 (+11) [Q2]
31% more capital invested
Capital invested by funds: $11.4B [Q1] → $14.9B (+$3.49B) [Q2]
23% more funds holding
Funds holding: 328 [Q1] → 403 (+75) [Q2]
13% more call options, than puts
Call options by funds: $2.24B | Put options by funds: $1.98B
10% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 119
12.77% less ownership
Funds ownership: 111.81% [Q1] → 99.04% (-12.77%) [Q2]
Research analyst outlook
20 Wall Street Analysts provided 1 year price targets over the past 3 months
20 analyst ratings
Evercore ISI Group Michael Montani 43% 1-year accuracy 6 / 14 met price target | 6%upside $142 | In-Line Maintained | 7 Aug 2024 |
JMP Securities Nicholas Jones 63% 1-year accuracy 41 / 65 met price target | 50%upside $200 | Market Outperform Maintained | 2 Aug 2024 |
TD Cowen John Blackledge 45% 1-year accuracy 5 / 11 met price target | 11%upside $148 | Hold Maintained | 1 Aug 2024 |
BTIG Marvin Fong 55% 1-year accuracy 6 / 11 met price target | 41%upside $188 | Buy Maintained | 1 Aug 2024 |
Morgan Stanley Adam Jonas 49% 1-year accuracy 30 / 61 met price target | 18%downside $110 | Underweight Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 14 articles about CVNA published over the past 30 days