New York State Common Retirement Fund Buys 3,804 Shares of Carvana Co. $CVNA

New York State Common Retirement Fund boosted its stake in Carvana Co. (NYSE:CVNA) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,176 shares of the company’s stock after acquiring an additional 3,804 shares during the period. New York State Common Retirement Fund’s holdings in Carvana were worth $36,659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Carvana by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 381,739 shares of the company’s stock worth $144,007,000 after buying an additional 1,236 shares during the period. Federated Hermes Inc. grew its holdings in Carvana by 124.9% during the 3rd quarter. Federated Hermes Inc. now owns 265,921 shares of the company’s stock worth $100,316,000 after acquiring an additional 147,683 shares during the period. Truist Financial Corp raised its position in shares of Carvana by 28.9% in the 3rd quarter. Truist Financial Corp now owns 8,515 shares of the company’s stock worth $3,212,000 after acquiring an additional 1,908 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Carvana by 13.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 766 shares of the company’s stock valued at $289,000 after purchasing an additional 90 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Carvana by 3.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,622 shares of the company’s stock valued at $5,893,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Buying and Selling at Carvana

In related news, COO Benjamin E. Huston sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $439.50, for a total transaction of $17,580,000.00. Following the transaction, the chief operating officer directly owned 100,758 shares of the company’s stock, valued at $44,283,141. This trade represents a 28.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul W. Breaux sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $438.50, for a total value of $8,770,000.00. Following the completion of the transaction, the insider directly owned 69,289 shares of the company’s stock, valued at approximately $30,383,226.50. This represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 435,256 shares of company stock worth $182,324,727. 17.12% of the stock is currently owned by insiders.

Carvana Price Performance

Shares of NYSE CVNA opened at $400.36 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. The firm’s 50-day simple moving average is $431.93 and its 200 day simple moving average is $378.97. The stock has a market cap of $87.09 billion, a price-to-earnings ratio of 91.41, a PEG ratio of 1.03 and a beta of 3.54. Carvana Co. has a fifty-two week low of $148.25 and a fifty-two week high of $486.89.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a net margin of 3.44% and a return on equity of 30.62%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 54.5% compared to the same quarter last year. As a group, research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Analysts and brokers publicly defended Carvana and some raised price targets, which has supported intraday rebounds and suggests parts of Wall Street view the short report as overstated. Carvana stock rises as analysts defend company following short report
• Positive Sentiment: Underlying fundamentals cited by defenders: recent quarter showed record revenue, positive GAAP operating income and improved liquidity / debt reduction — arguments that the business is cash‑generating and operationally stronger than critics claim. Carvana Drops 14% After $1B Accounting Allegations
• Neutral Sentiment: Positive style‑score and momentum writeups (Zacks) highlight growth and momentum characteristics that appeal to risk‑tolerant investors, but these are stylistic views not rebuttals of the short‑seller’s claims. Why Carvana (CVNA) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Short‑term technical/flow traders are active: the stock swung sharply lower on the report then showed rebounds, indicating high intraday volatility that can create trading opportunities but also sharp losses. Stock Of The Day: Is This The Bottom For Carvana?
• Negative Sentiment: Gotham City Research released a detailed short report alleging >$1B of overstated earnings via undisclosed related‑party transactions (DriveTime/Bridgecrest/GoFi). Those claims are the immediate catalyst for the sell‑off and could materially change reported results if proven. Gotham City Research short report on Carvana
• Negative Sentiment: Multiple securities law firms have opened investigations and are soliciting plaintiffs (BFA, Rosen, Pomerantz, Kirby McInerney, Bragar, Moore Law), increasing the chance of class actions and litigation costs. Legal risk is now a major short‑to‑medium‑term headwind. Bragar Eagel & Squire investigation notice
• Negative Sentiment: Regulatory and audit risks cited in the short report (an SEC subpoena referenced; same auditor across related entities) could lead to investigations, restatements or enforcement — outcomes that would likely pressure the stock well beyond current volatility. MarketBeat analysis of accounting allegations and regulatory risk

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CVNA. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley restated an “overweight” rating on shares of Carvana in a report on Thursday, January 8th. Needham & Company LLC reiterated a “buy” rating and set a $500.00 price objective on shares of Carvana in a report on Monday, November 17th. Wall Street Zen cut shares of Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, JPMorgan Chase & Co. boosted their target price on Carvana from $490.00 to $510.00 and gave the company an “overweight” rating in a research report on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $474.27.

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.