Carvana (CVNA)

• Market cap: $29.9B
• 1 day: -9.86%
• 5 days: -18.35%
• 1 month: -3.88%
• 3 months: -10.10%
• 6 months: 42.44%
• Year to date: 11.90%
• 1 year: 352.02%
• 5 years: 102.83%
• 10 years: 1,911.71%
• Sector: Consumer Discretionary
• Industry: Auto Dealers & Gasoline Stations

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 Q4 regulatory filings by fund managers ($100M+ AUM)

172% more first-time investments, than exits

New positions opened: 144 | Existing positions closed: 53

23% more capital invested

Capital invested by funds: $20.6B [Q3] → $25.3B (+$4.68B) [Q4]

18% more repeat investments, than reductions

Existing positions increased: 198 | Existing positions reduced: 168

17% more funds holding in top 10

Funds holding in top 10: 30 [Q3] → 35 (+5) [Q4]

16% more funds holding

Funds holding: 479 [Q3] → 554 (+75) [Q4]

1.24% more ownership

Funds ownership: 95.65% [Q3] → 96.89% (+1.24%) [Q4]

29% less call options, than puts

Call options by funds: $3.09B | Put options by funds: $4.32B

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $245 10% upside
• Avg. target: $292 31% upside
• High target: $350 57% upside

12 analyst ratings

• positive: 8 67%
• neutral: 4 33%
• negative: 0 0%

Citigroup Ronald Josey 83% 1-year accuracy 48 / 58 met price target	43% upside $320	Buy Maintained	21 Feb 2025
B of A Securities Michael McGovern 67% 1-year accuracy 10 / 15 met price target	21% upside $270	Buy Maintained	21 Feb 2025
DA Davidson Michael Baker 53% 1-year accuracy 23 / 43 met price target	16% upside $260	Neutral Maintained	20 Feb 2025
RBC Capital Brad Erickson 83% 1-year accuracy 55 / 66 met price target	43% upside $320	Outperform Maintained	20 Feb 2025
Baird Colin Sebastian 80% 1-year accuracy 32 / 40 met price target	12% upside $250	Neutral Maintained	20 Feb 2025