Neuberger Berman Group LLC Acquires 42,578 Shares of Carvana Co. $CVNA

Neuberger Berman Group LLC lifted its holdings in shares of Carvana Co. (NYSE:CVNA) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,502 shares of the company’s stock after buying an additional 42,578 shares during the quarter. Neuberger Berman Group LLC’s holdings in Carvana were worth $115,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CVNA. Royal Bank of Canada raised its holdings in Carvana by 40.8% during the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock valued at $6,243,000 after acquiring an additional 8,654 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Carvana by 251.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after acquiring an additional 181 shares during the period. Assetmark Inc. grew its position in shares of Carvana by 458.2% in the second quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $149,000 after purchasing an additional 362 shares in the last quarter. Atria Investments Inc purchased a new position in shares of Carvana in the second quarter valued at $744,000. Finally, Huntington National Bank raised its stake in shares of Carvana by 168.4% during the 2nd quarter. Huntington National Bank now owns 212 shares of the company’s stock valued at $71,000 after purchasing an additional 133 shares during the period. 56.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CVNA. BTIG Research dropped their price objective on Carvana from $535.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. DA Davidson reduced their target price on Carvana from $470.00 to $320.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Needham & Company LLC reiterated a “buy” rating and set a $500.00 price target on shares of Carvana in a research report on Thursday, February 19th. Royal Bank Of Canada lowered their price target on shares of Carvana from $500.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Finally, Weiss Ratings upgraded shares of Carvana from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.59.

Carvana Stock Performance

Carvana stock opened at $317.69 on Friday. Carvana Co. has a fifty-two week low of $148.25 and a fifty-two week high of $486.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.73 and a current ratio of 4.31. The stock has a market cap of $69.53 billion, a P/E ratio of 39.51 and a beta of 3.60. The firm’s fifty day moving average price is $399.42 and its 200-day moving average price is $380.02.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $3.12. Carvana had a return on equity of 50.96% and a net margin of 6.92%.The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue was up 58.0% on a year-over-year basis. On average, equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insider Transactions at Carvana

In other news, insider Paul W. Breaux sold 20,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $438.50, for a total transaction of $8,770,000.00. Following the transaction, the insider directly owned 69,289 shares in the company, valued at approximately $30,383,226.50. This represents a 22.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Taira sold 30,952 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $435.96, for a total value of $13,493,833.92. Following the transaction, the insider directly owned 69,880 shares in the company, valued at approximately $30,464,884.80. This represents a 30.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 300,673 shares of company stock worth $133,268,531. Company insiders own 17.12% of the company’s stock.

More Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks says Carvana has a clear path to a 13.5% adjusted EBITDA margin over time as fixed‑cost leverage and operational efficiencies scale (Q4 dipped to 9.1%). Will Carvana’s Fixed Cost Leverage Drive Its EBITDA Margin?
• Positive Sentiment: Zacks highlights Carvana’s push toward vertical integration (in‑house reconditioning, logistics, financing) as a structural margin tailwind and notes strong customer referrals that could support market‑share gains. Will Vertical Integration Strengthen Carvana’s Prospects?
• Positive Sentiment: Wholesale used‑vehicle prices (Manheim index) rose year‑over‑year in February, which can support retail pricing and gross profit per unit as the spring selling season begins. Used vehicle prices jump ahead of spring selling season optimism
• Neutral Sentiment: Industry and analyst sentiment remains generally constructive: Carvana has a consensus rating around “Moderate Buy,” reflecting mixed analyst views on near‑term execution vs. long‑term opportunity. Carvana Receives Consensus Rating
• Negative Sentiment: Retail GPU fell in Q4 (roughly a $255 decline), and rising reconditioning and logistics costs pressured margins; management says automation/scale should help, but near‑term recovery is uncertain. Carvana’s GPU Declines in Q4: What Will Drive Improvement?
• Negative Sentiment: Several analysts have trimmed near‑term estimates and price targets (e.g., Citi cut its PT), and headlines flag a “rough start” to 2026—these revisions are weighing on sentiment and the stock. Carvana Stock Continues to Slide As Analysts Lower Price Targets
• Negative Sentiment: Zacks Research issued mixed estimate changes: small raises for some later periods but meaningful cuts to near‑term quarters (Q2 2026, Q3 2027), underscoring uncertainty over short‑term profitability.

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.