Steadview Capital Management LLC Buys 27,415 Shares of Carvana Co. $CVNA

Steadview Capital Management LLC grew its position in Carvana Co. (NYSE:CVNA) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 783,031 shares of the company’s stock after acquiring an additional 27,415 shares during the quarter. Carvana comprises 16.8% of Steadview Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Steadview Capital Management LLC’s holdings in Carvana were 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 the company. Choreo LLC lifted its position in Carvana by 58.6% during the third quarter. Choreo LLC now owns 16,572 shares of the company’s stock valued at $1,036,000 after acquiring an additional 6,123 shares during the last quarter. Argentarii LLC grew its holdings in Carvana by 5.7% in the third quarter. Argentarii LLC now owns 3,860 shares of the company’s stock worth $241,000 after purchasing an additional 208 shares during the last quarter. Childress Capital Advisors LLC purchased a new position in Carvana in the third quarter worth $314,000. North Dakota State Investment Board grew its holdings in Carvana by 5.6% in the third quarter. North Dakota State Investment Board now owns 21,232 shares of the company’s stock worth $1,328,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Carvana during the third quarter worth $202,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Trading Down 0.2%

NYSE CVNA opened at $68.15 on Friday. The company has a fifty day simple moving average of $65.78 and a two-hundred day simple moving average of $69.42. The stock 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. 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 4.05, a quick ratio of 2.33 and a debt-to-equity ratio of 0.86.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Carvana had a net margin of 6.21% and a return on equity of 34.77%. The company had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $7.71 billion. During the same period last year, the firm earned $1.03 earnings per share. Carvana’s quarterly revenue was up 42.4% compared to the same quarter last year. On average, analysts forecast that Carvana Co. will post 1.58 earnings per share for the current year.

Carvana News Summary

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, CFO Mark Jenkins sold 63,750 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $61.64, for a total value of $3,929,550.00. Following the transaction, the chief financial officer directly owned 1,142,502 shares of the company’s stock, valued at approximately $70,423,823.28. This represents a 5.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Stephen Palmer sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $61.64, for a total transaction of $308,200.00. Following the completion of the transaction, the vice president owned 120,865 shares in the company, valued at approximately $7,450,118.60. This trade represents a 3.97% decrease in their position. 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 quarter, insiders have sold 358,161 shares of company stock worth $24,164,285. 15.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CVNA has been the subject of several analyst reports. Royal Bank Of Canada set a $82.00 price objective on Carvana and gave the company an “outperform” rating in a report on Thursday, July 30th. Stephens reaffirmed an “overweight” rating and set a $83.00 target price (down from $91.50) on shares of Carvana in a research report on Tuesday, October 6th. Bank of America reiterated a “neutral” rating on shares of Carvana in a research note on Thursday. BNP Paribas Exane lowered their price target on Carvana from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Citizens Jmp raised their price target on Carvana from $83.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday. One equities research 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.09.

Carvana Profile

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.