Maytus Capital Management LLC Makes New $3.38 Million Investment in Carvana Co. $CVNA

Maytus Capital Management LLC acquired a new position in shares of Carvana Co. (NYSE:CVNA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,000 shares of the company’s stock, valued at approximately $3,376,000.

Several other large investors also recently added to or reduced their stakes in CVNA. Vanguard Group Inc. increased its stake in Carvana by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock worth $7,082,804,000 after acquiring an additional 3,328,115 shares during the last quarter. State Street Corp boosted its position in shares of Carvana by 93.7% during the fourth quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after buying an additional 2,764,759 shares during the period. Capital Research Global Investors boosted its position in shares of Carvana by 42.9% during the fourth quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after buying an additional 1,711,144 shares during the period. Geode Capital Management LLC boosted its position in shares of Carvana by 55.4% during the fourth quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after buying an additional 1,382,852 shares during the period. Finally, Viking Global Investors LP boosted its position in shares of Carvana by 94.9% during the third quarter. Viking Global Investors LP now owns 2,101,241 shares of the company’s stock valued at $792,672,000 after buying an additional 1,023,265 shares during the period. 56.71% of the stock is owned by institutional investors.

Carvana Stock Up 1.5%

Shares of NYSE CVNA opened at $69.96 on Wednesday. The stock has a 50 day moving average price of $71.47 and a 200 day moving average price of $75.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The firm has a market capitalization of $76.73 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 11.63 and a beta of 3.45. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $1.37. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. Sell-side analysts expect that Carvana Co. will post 1.58 earnings per share for the current year.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana’s expansion into new vehicles is drawing attention as a potentially meaningful growth driver. The company has bought seven new-vehicle franchises since last year, which could broaden revenue opportunities and support a stronger long-term growth narrative. Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
• Positive Sentiment: Analyst-related coverage remains constructive, with reports citing about 37% implied upside from Wall Street price targets and improving earnings estimate revisions, which can reinforce bullish sentiment for CVNA. Can Carvana (CVNA) Climb 37.01% to Reach the Level Wall Street Analysts Expect?
• Positive Sentiment: Investor commentary has also been favorable, including Jim Cramer’s remark that Carvana was “a great buy,” which may be adding to retail enthusiasm. Jim Cramer Notes “Carvana Was a Great Buy for Us”
• Neutral Sentiment: Recent trading strength appears to reflect relative outperformance versus a softer broader market, rather than a single major new catalyst. Carvana (CVNA) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: Director Ira Platt sold 15,000 shares at $67.83, but the sale was modest relative to his remaining stake and is not necessarily a strong negative signal on fundamentals. SEC Form 4 filing for Ira J. Platt

Insider Buying and Selling at Carvana

In other news, insider Thomas Taira sold 18,850 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $68.20, for a total transaction of $1,285,570.00. Following the transaction, the insider directly owned 292,820 shares of the company’s stock, valued at approximately $19,970,324. This represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ira J. Platt sold 15,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $67.83, for a total value of $1,017,450.00. Following the transaction, the director directly owned 186,470 shares in the company, valued at approximately $12,648,260.10. The trade was a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 415,812 shares of company stock valued at $29,056,896. Corporate insiders own 15.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CVNA shares. Evercore boosted their target price on Carvana from $78.00 to $80.00 in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $107.40 target price on shares of Carvana in a research report on Thursday, April 30th. DA Davidson boosted their target price on Carvana from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. UBS Group restated a “buy” rating and set a $104.00 target price (up from $97.00) on shares of Carvana in a research report on Thursday, April 30th. Finally, Jefferies Financial Group dropped their target price on Carvana from $97.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

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.