Empowered Funds LLC Acquires 31,545 Shares of Carvana Co. $CVNA

Empowered Funds LLC grew its holdings in shares of Carvana Co. (NYSE:CVNA) by 519.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,621 shares of the company’s stock after purchasing an additional 31,545 shares during the period. Empowered Funds LLC’s holdings in Carvana were worth $11,827,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in shares of Carvana in the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Carvana during the fourth quarter valued at $29,000. Farmers & Merchants Investments Inc. purchased a new position in Carvana during the fourth quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Carvana by 152.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new stake in Carvana in the fourth quarter worth $33,000. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 63,750 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $68.34, for a total value of $4,356,675.00. Following the completion of the transaction, the chief financial officer owned 1,029,580 shares of the company’s stock, valued at approximately $70,361,497.20. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 14,525 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $70.00, for a total value of $1,016,750.00. Following the completion of the transaction, the director directly owned 214,960 shares of the company’s stock, valued at approximately $15,047,200. This trade represents a 6.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 396,962 shares of company stock worth $28,525,088 in the last three months. 15.19% of the stock is currently owned by company insiders.

Carvana Stock Up 0.3%

Carvana stock opened at $66.28 on Thursday. The firm has a market cap of $72.70 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 14.83 and a beta of 3.46. The stock has a fifty day simple moving average of $67.03 and a two-hundred day simple moving average of $71.05. Carvana Co. has a 12 month low of $54.46 and a 12 month high of $97.38. The company has a current ratio of 4.09, a quick ratio of 2.57 and a debt-to-equity ratio of 1.05.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The company’s revenue was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.51 earnings per share. Equities analysts predict that Carvana Co. will post 1.63 EPS for the current fiscal year.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana reported $7.38 billion in Q2 revenue, well above the $6.90 billion analyst estimate and 52.4% higher than a year earlier. Adjusted earnings of $0.42 per share also exceeded the $0.38 consensus estimate, according to one analyst survey. Carvana Q2 2026 press release
• Positive Sentiment: Management projected $2.7 billion to $3.0 billion in earnings for full-year 2026, implying $1.3 billion to $1.6 billion in adjusted earnings during the second half. The company also called Q2 its 10th consecutive quarter of industry-leading growth and profitability. Carvana forecasts up to $3 billion in earnings
• Positive Sentiment: Carvana’s same-day delivery expansion in the Fort Myers area supports customer convenience and could help vehicle sales and acquisition activity over time. Carvana expands same-day delivery to Fort Myers
• Neutral Sentiment: Reports differed on the precise earnings comparison: Zacks said EPS matched its consensus estimate, while other coverage cited a broader analyst shortfall. This suggests the market reaction reflects elevated expectations rather than weak headline results. Carvana matches Q2 earnings estimates
• Negative Sentiment: Despite record revenue and profits, investor reaction was negative because results reportedly missed some Wall Street expectations. Q2 EPS also declined from $1.51 a year earlier to $0.42, increasing concerns about the sustainability of earnings growth. Carvana auto sales jump while shares slump

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CVNA shares. UBS Group restated a “buy” rating and set a $104.00 price target (up from $97.00) on shares of Carvana in a report on Thursday, April 30th. Evercore upped their price target on shares of Carvana from $78.00 to $80.00 in a research note on Tuesday, April 28th. Zacks Research downgraded shares of Carvana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Citizens Jmp raised their price objective on shares of Carvana from $92.00 to $103.00 and gave the company a “market outperform” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Carvana in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $92.65.

Carvana Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.