Park Avenue Securities LLC Increases Stake in Carvana Co. $CVNA

Park Avenue Securities LLC grew its stake in shares of Carvana Co. (NYSE:CVNA) by 157.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,070 shares of the company’s stock after purchasing an additional 3,708 shares during the quarter. Park Avenue Securities LLC’s holdings in Carvana were worth $2,290,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. 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 buying an additional 8,654 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Carvana by 27.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 529,596 shares of the company’s stock valued at $110,728,000 after acquiring an additional 114,526 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Carvana by 251.4% during the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock valued at $53,000 after acquiring an additional 181 shares during the last quarter. Strs Ohio purchased a new stake in shares of Carvana during the first quarter worth about $852,000. Finally, Swedbank AB grew its stake in shares of Carvana by 29.2% in the first quarter. Swedbank AB now owns 69,013 shares of the company’s stock worth $14,429,000 after purchasing an additional 15,600 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carvana

In related news, insider Daniel J. Gill sold 80,000 shares of the business’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 $35,160,000.00. Following the sale, the insider owned 191,106 shares of the company’s stock, valued at $83,991,087. The trade was a 29.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan S. Keeton sold 32,370 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $301.68, for a total transaction of $9,765,381.60. Following the completion of the sale, the insider owned 115,456 shares in the company, valued at approximately $34,830,766.08. This trade represents a 21.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 467,626 shares of company stock worth $192,090,109 over the last 90 days. 17.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CVNA has been the subject of a number of recent analyst reports. Wall Street Zen lowered Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. DA Davidson set a $360.00 target price on Carvana in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Carvana in a research note on Friday, November 21st. They issued a “buy” rating and a $395.00 price target for the company. Argus assumed coverage on shares of Carvana in a research report on Monday, December 15th. They set a “buy” rating and a $500.00 price objective on the stock. Finally, UBS Group initiated coverage on shares of Carvana in a report on Monday, December 1st. They issued a “buy” rating and a $450.00 price objective for the company. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $451.14.

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks upgraded Carvana to a Zacks Rank #2 (Buy), citing improving earnings prospects that could support near-term upside. Carvana (CVNA) Upgraded to Buy: Here’s Why
• Positive Sentiment: Bank of America Securities continues to rate CVNA as a Buy, reinforcing institutional support and signaling confidence in the company’s outlook. Bank of America Securities Remains a Buy on Carvana Co (CVNA)
• Positive Sentiment: Jefferies issued a Buy on CVNA, another notable sell‑side endorsement that can attract momentum buyers and upward price pressure. Carvana Co (CVNA) Receives a Buy from Jefferies
• Positive Sentiment: Zacks Research analysts have raised EPS forecasts across multiple quarters and for FY2027 (notably higher Q4/Q1/Q3 estimates and a much larger FY2027 outlook), which supports a higher valuation multiple. Zacks Research Brokers Lift Earnings Estimates for Carvana
• Positive Sentiment: An analyst note cited on MSN highlights a 67% bull-case upside for CVNA, feeding a bullish narrative and likely attracting speculative interest. Carvana stock keeps running after 3 monster years — now, an analyst flags 67% bull case upside
• Neutral Sentiment: A fund letter (Tapasya Fund) noted Carvana outperformed expectations and contributed to strong absolute returns in 2025 — supportive but not a direct driver of broad market moves. Carvana (CVNA) Rose as It Exceeded the Investor Expectations
• Neutral Sentiment: Coverage pieces assessing whether to buy, sell or hold post‑earnings are circulating; these summarize risks and catalysts but do not add a single directional impulse. Carvana (CVNA): Buy, sell, or hold post Q3 earnings?

Carvana Trading Up 4.7%

NYSE CVNA opened at $463.57 on Friday. The firm has a market capitalization of $100.84 billion, a PE ratio of 105.84, a P/E/G ratio of 1.08 and a beta of 3.54. The stock’s 50 day moving average is $391.56 and its 200 day moving average is $367.47. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $485.33. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63.

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

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.