Assenagon Asset Management S.A. Sells 27,505 Shares of Carvana Co. $CVNA

Assenagon Asset Management S.A. lowered its stake in shares of Carvana Co. (NYSE:CVNA) by 63.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 16,091 shares of the company’s stock after selling 27,505 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Carvana were worth $1,059,000 as of its most recent SEC filing.

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

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Lower interest expense supports profitability: Carvana priced a $1.66 billion senior secured term loan to refinance its 9% senior secured notes due 2030. The transaction extends maturities and is expected to reduce annual cash interest expense by approximately $45 million over the next four years, improving cash flow and balance-sheet flexibility. How Investors May Respond To Carvana Refinancing To Cut Interest Costs And Extend Debt Maturities
• Positive Sentiment: Several forward earnings estimates were raised: Zacks increased its forecasts for Carvana’s 2026 EPS to $1.63 from $1.51 and 2027 EPS to $2.25 from $1.99. Estimates for each quarter of 2027 were also raised, including Q1 to $0.50, Q2 to $0.59, Q3 to $0.68 and Q4 to $0.47. These revisions suggest analysts see stronger earnings momentum ahead. Zacks Research Carvana estimates
• Neutral Sentiment: Investor commentary highlights valuation debate: Optimist Fund discussed Carvana at roughly 13 times EBITDA, potentially appealing to growth-oriented investors, but the article does not represent a new company announcement or analyst rating. Is Carvana a Clear Bargain at 13x EBITDA?
• Negative Sentiment: Some estimates and fair-value assumptions were trimmed: Zacks lowered its Q1 2028 EPS forecast to $0.68 from $0.77 and FY2028 EPS to $3.24 from $3.25. Separately, an updated fair-value estimate fell to approximately $82.83 from $89.83, signaling greater caution about valuation even though analysts continue to assume long-term growth. Carvana Stock Sees Modest Fair Value Cut After Cautious Q2 Analyst Revisions

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 63,750 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $64.50, for a total transaction of $4,111,875.00. Following the sale, the chief financial officer directly owned 1,156,534 shares in the company, valued at $74,596,443. This represents a 5.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $64.50, for a total transaction of $3,225,000.00. Following the sale, the chief operating officer directly owned 535,709 shares of the company’s stock, valued at approximately $34,553,230.50. This trade represents a 8.54% decrease in their ownership of the stock. 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 ninety days, insiders sold 391,372 shares of company stock worth $26,555,789. Insiders own 15.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CVNA. Bank of America boosted their price target on shares of Carvana from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $80.00 price objective on shares of Carvana in a report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Carvana in a research note on Thursday, July 30th. DA Davidson set a $67.00 price target on Carvana in a report on Thursday, July 30th. Finally, Stephens increased their price objective on shares of Carvana from $86.00 to $97.00 in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Carvana Stock Performance

CVNA opened at $75.56 on Friday. The firm’s 50-day moving average price is $67.23 and its 200-day moving average price is $69.18. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. The company has a market cap of $83.15 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 2.68 and a beta of 3.46. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a return on equity of 37.06% and a net margin of 6.26%.The company’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. As a group, equities analysts anticipate that Carvana Co. will post 1.68 EPS for the current fiscal year.

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.