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
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Citigroup Ronald Josey 71% 1-year accuracy 36 / 51 met price target | 20%upside $277 | Buy Upgraded | 8 Jan 2025 |
RBC Capital Brad Erickson 70% 1-year accuracy 45 / 64 met price target | 21%upside $280 | Outperform Upgraded | 7 Jan 2025 |
Needham Chris Pierce 55% 1-year accuracy 39 / 71 met price target | 43%upside $330 | Buy Reiterated | 7 Jan 2025 |
Wells Fargo David Lantz 60% 1-year accuracy 3 / 5 met price target | 19%upside $275 | Overweight Maintained | 6 Jan 2025 |
Stephens & Co. Jeff Lick 80% 1-year accuracy 8 / 10 met price target | 30%upside $300 | Overweight Reiterated | 2 Jan 2025 |
Financial journalist opinion
Based on 125 articles about CVNA published over the past 30 days