Tema ETFs LLC Purchases 11,393 Shares of Carvana Co. $CVNA

Tema ETFs LLC boosted its holdings in Carvana Co. (NYSE:CVNA) by 451.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,919 shares of the company’s stock after buying an additional 11,393 shares during the quarter. Tema ETFs LLC’s holdings in Carvana were worth $916,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Carvana by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock worth $7,082,804,000 after acquiring an additional 3,328,115 shares during the last quarter. State Street Corp raised its stake in shares of Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after acquiring an additional 2,764,759 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after acquiring an additional 1,711,144 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Carvana by 8.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock worth $7,481,081,000 after purchasing an additional 1,407,762 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Carvana by 55.4% during the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock worth $1,632,763,000 after purchasing an additional 1,382,852 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carvana

In other news, Director J Danforth Quayle sold 14,525 shares of Carvana stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $70.00, for a total value of $1,016,750.00. Following the completion of the sale, the director owned 214,960 shares in the company, valued at $15,047,200. The trade was a 6.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $68.34, for a total transaction of $4,356,675.00. Following the transaction, the chief financial officer owned 1,029,580 shares in the company, valued at $70,361,497.20. The trade was a 5.83% 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. In the last 90 days, insiders sold 391,372 shares of company stock valued at $26,555,789. 15.19% of the stock is owned by insiders.

Carvana Stock Performance

Shares of CVNA opened at $73.75 on Friday. The company has a current ratio of 3.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.94. The firm’s fifty day simple moving average is $67.05 and its two-hundred day simple moving average is $69.32. Carvana Co. has a 12 month low of $54.46 and a 12 month high of $97.38. The stock has a market capitalization of $81.16 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 2.64 and a beta of 3.46.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Carvana had a return on equity of 37.06% and a net margin of 6.26%.The company had revenue of $7.38 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the business earned $1.51 EPS. The firm’s revenue was up 52.4% compared to the same quarter last year. As a group, analysts predict that Carvana Co. will post 1.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CVNA shares. UBS Group restated a “buy” rating and issued a $83.00 price objective on shares of Carvana in a report on Friday, July 31st. Jefferies Financial Group reduced their price target on Carvana from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. Morgan Stanley set a $90.00 price target on Carvana and gave the company an “overweight” rating in a research note on Thursday, July 30th. Robert W. Baird set a $72.00 price objective on Carvana in a research report on Thursday, July 30th. Finally, Gordon Haskett lifted their price objective on Carvana from $67.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.14.

More Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana priced a $1.66 billion seven-year Senior Secured Term Loan B to redeem its 9.00% senior secured notes due 2030. The refinancing is expected to reduce annual cash interest expense by approximately $45 million over the next four years and extend debt maturities, strengthening financial flexibility. Carvana’s net debt was reported at only 1.0 times trailing-12-month adjusted EBITDA. How Investors May Respond To Carvana Refinancing To Cut Interest Costs And Extend Debt Maturities
• Positive Sentiment: Zacks Research raised its Carvana FY2026 EPS forecast to $1.63 from $1.51 and lifted its Q3 2026 estimate to $0.48 from $0.39. The Q4 2026 estimate also increased modestly to $0.38 from $0.37, signaling improved expectations for near-term profitability, although Zacks maintained a “Hold” rating. Zacks Research earnings estimates
• Neutral Sentiment: Analysts presented Carvana at the J.P. Morgan Automotive Conference, but the supplied reports provide no specific new guidance or operational developments from the event. Carvana J.P. Morgan Automotive Conference Transcript
• Negative Sentiment: Zacks lowered its Q1 2028 EPS estimate to $0.68 from $0.77 and trimmed its FY2028 forecast to $3.24 from $3.25. Separately, an updated fair-value estimate fell to approximately $82.83 from $89.83, reflecting more cautious valuation assumptions even though analysts generally continue to expect long-term growth. Carvana Stock Sees Modest Fair Value Cut After Cautious Q2 Analyst Revisions

About Carvana

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.