Varma Mutual Pension Insurance Co Has $7.95 Million Stake in Carvana Co. $CVNA

Varma Mutual Pension Insurance Co boosted its holdings in Carvana Co. (NYSE:CVNA) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,060 shares of the company’s stock after buying an additional 1,700 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Carvana were worth $7,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Carvana by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,764,230 shares of the company’s stock valued at $4,301,035,000 after purchasing an additional 229,387 shares during the period. State Street Corp lifted its stake in Carvana by 15.0% in the second quarter. State Street Corp now owns 2,765,046 shares of the company’s stock valued at $931,710,000 after buying an additional 361,624 shares during the period. Geode Capital Management LLC boosted its holdings in Carvana by 11.0% during the second quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock worth $750,301,000 after buying an additional 221,161 shares during the last quarter. Sands Capital Management LLC grew its position in shares of Carvana by 1,374.3% during the 2nd quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock worth $303,677,000 after buying an additional 840,096 shares during the period. Finally, Norges Bank bought a new stake in shares of Carvana in the 2nd quarter valued at about $259,468,000. 56.71% of the stock is owned by institutional investors.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Technical buy signal: a “power inflow” trading signal helped spark short-term buying and a small intraday bounce. Carvana Shares Rise 4% Following Key Trading Signal
• Positive Sentiment: Analyst support remains: several firms still rate CVNA a buy and some have high price targets, which provides a floor for buyers despite current volatility.
• Neutral Sentiment: Earnings focus: Carvana is due to report soon; Wall Street estimates and key metric previews mean the upcoming print/guidance — not new by itself — will likely determine the next directional move. Unveiling Carvana Q4 Outlook: Wall Street Estimates
• Neutral Sentiment: Valuation debate: several pieces weigh whether recent declines make CVNA attractive or still risky — useful for longer‑term investors but not an immediate catalyst. Is Carvana Now Attractive After Recent Share Price Declines?
• Negative Sentiment: $1B accounting questions: reports alleging roughly $1 billion in accounting irregularities surfaced and are now a primary driver of selling and heightened scrutiny. $1 Billion Accounting Questions Cloud Carvana’s 44% Sales Surge
• Negative Sentiment: Multiple law‑firm investigations: Pomerantz, Bragar Eagel & Squire and others have opened probes into Carvana, which raises litigation and disclosure risk that typically pressures shares. Pomerantz investigation alert Bragar Eagel & Squire investigation alert
• Negative Sentiment: Insider selling and retail sentiment shift: recent insider sales and a turn toward bearishness on social platforms have amplified selling pressure amid the news cycle. SEC Form 4 – insider sale by Thomas Taira
• Negative Sentiment: Short‑seller/research scrutiny: commentators warn that past related‑party and accounting questions keep downside risk elevated if earnings or disclosures disappoint. Carvana Can’t Stop Falling

Insider Buying and Selling at Carvana

In other news, insider Daniel J. Gill sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $439.50, for a total transaction of $35,160,000.00. Following the completion of the transaction, the insider directly owned 191,106 shares of the company’s stock, valued at $83,991,087. This trade represents a 29.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Benjamin E. Huston sold 40,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $439.50, for a total transaction of $17,580,000.00. Following the completion of the sale, the chief operating officer directly owned 100,758 shares in the company, valued at approximately $44,283,141. This represents a 28.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 420,351 shares of company stock valued at $179,589,049 in the last 90 days. 17.12% of the stock is currently owned by corporate insiders.

Carvana Price Performance

Shares of NYSE CVNA opened at $343.31 on Friday. The company has a fifty day moving average price of $434.54 and a 200 day moving average price of $382.03. The firm has a market cap of $74.68 billion, a PE ratio of 78.38, a PEG ratio of 0.83 and a beta of 3.57. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $486.89.

Analysts Set New Price Targets

CVNA has been the topic of a number of analyst reports. Stephens increased their price target on shares of Carvana from $454.00 to $519.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. BTIG Research increased their target price on shares of Carvana from $450.00 to $535.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Wedbush lifted their price target on shares of Carvana from $400.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Citigroup upped their price objective on shares of Carvana from $445.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Carvana in a research note on Thursday, January 8th. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average price target of $474.27.

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.