Carvana Co. $CVNA Stock Holdings Lowered by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of Carvana Co. (NYSE:CVNA) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,118 shares of the company’s stock after selling 1,763 shares during the period. Illinois Municipal Retirement Fund’s holdings in Carvana were worth $10,230,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CVNA. Royal Bank of Canada lifted its position in shares of 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 last quarter. Geneos Wealth Management Inc. lifted its holdings 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 purchasing an additional 181 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Carvana by 84.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,797 shares of the company’s stock valued at $606,000 after purchasing an additional 821 shares during the period. US Bancorp DE boosted its position in shares of Carvana by 18.3% in the 2nd quarter. US Bancorp DE now owns 6,419 shares of the company’s stock valued at $2,163,000 after purchasing an additional 994 shares during the period. Finally, Aberdeen Group plc increased its stake in Carvana by 60.1% in the 2nd quarter. Aberdeen Group plc now owns 5,810 shares of the company’s stock worth $1,958,000 after purchasing an additional 2,180 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CVNA has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Gordon Haskett reduced their price target on shares of Carvana from $445.00 to $435.00 and set a “hold” rating for the company in a research report on Monday, January 5th. BTIG Research lifted their price objective on shares of Carvana from $450.00 to $535.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Jefferies Financial Group boosted their target price on shares of Carvana from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Argus started coverage on Carvana in a research report on Monday, December 15th. They issued a “buy” rating and a $500.00 target price for the company. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Carvana has a consensus rating of “Moderate Buy” and a consensus price target of $474.27.

Insider Buying and Selling

In related 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 transaction, the insider owned 191,106 shares of the company’s stock, valued at approximately $83,991,087. This trade represents a 29.51% decrease in their ownership of the stock. 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 Carvana 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 $17,580,000.00. Following the completion of the sale, the chief operating officer 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 420,351 shares of company stock worth $179,589,049. Insiders own 17.12% of the company’s stock.

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Several Wall Street firms still carry constructive views and sizable price targets (multiple “buy” ratings and a consensus “Moderate Buy”), and some institutions increased holdings during Q4 — a source of investor support.
• Neutral Sentiment: Carvana is due to report earnings next week; that keeps focus on guidance and key metrics (Q4 previews from Zacks highlight items to watch) — the print could swing sentiment either way. Q4 outlook and metrics to watch
• Negative Sentiment: Multiple law firms have opened securities-investigation inquiries (Pomerantz, Bragar Eagel & Squire, Block & Leviton, Kirby McInerney), heightening litigation and regulatory risk following a short‑seller report. Pomerantz investigation alert Bragar investigation Block & Leviton alert Kirby McInerney alert
• Negative Sentiment: Short‑seller allegations (cited in recent coverage) raise questions about accounting/profitability that amplify downside risk if regulators or auditors follow up. 247WallStreet and other outlets flagged renewed skepticism. Short‑seller scrutiny and critical coverage
• Negative Sentiment: Pre‑earnings analyst previews (Zacks) suggest Carvana may lack the setup for an earnings beat; a miss or weak guidance would likely deepen the sell‑off. Earnings preview — downside risk
• Negative Sentiment: Insider selling by an executive (Thomas Taira) was recently reported; while not large versus total holdings, such sales during heightened scrutiny can be interpreted unfavorably. Insider sale filing

Carvana Trading Down 5.0%

Carvana stock opened at $345.83 on Friday. The company’s fifty day simple moving average is $435.68 and its 200-day simple moving average is $381.99. 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 Co. has a 12 month low of $148.25 and a 12 month high of $486.89. The stock has a market cap of $75.23 billion, a P/E ratio of 78.96, a P/E/G ratio of 0.88 and a beta of 3.57.

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.