ProShare Advisors LLC Has $4.22 Million Stake in Carvana Co. $CVNA

ProShare Advisors LLC trimmed its stake in Carvana Co. (NYSE:CVNA) by 17.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,193 shares of the company’s stock after selling 2,379 shares during the quarter. ProShare Advisors LLC’s holdings in Carvana were worth $4,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its position in Carvana by 46.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 977 shares of the company’s stock worth $369,000 after buying an additional 309 shares in the last quarter. Candriam S.C.A. increased its stake in shares of Carvana by 11.5% in the third quarter. Candriam S.C.A. now owns 9,523 shares of the company’s stock worth $3,592,000 after acquiring an additional 982 shares during the last quarter. Plato Investment Management Ltd raised its holdings in shares of Carvana by 2.9% during the third quarter. Plato Investment Management Ltd now owns 3,747 shares of the company’s stock worth $1,403,000 after acquiring an additional 107 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Carvana by 111.2% during the third quarter. Smartleaf Asset Management LLC now owns 965 shares of the company’s stock worth $379,000 after acquiring an additional 508 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Carvana during the third quarter valued at $475,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Stephen R. Palmer sold 1,000 shares of Carvana stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $393.04, for a total value of $393,040.00. Following the transaction, the vice president directly owned 37,192 shares in the company, valued at approximately $14,617,943.68. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Benjamin E. Huston sold 10,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $411.27, for a total value of $4,112,700.00. Following the transaction, the chief operating officer directly owned 98,652 shares of the company’s stock, valued at $40,572,608.04. This represents a 9.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 420,351 shares of company stock valued at $179,589,049 in the last quarter. Insiders own 17.12% of the company’s stock.

Carvana News Summary

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Carvana from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. Stephens boosted their price target on Carvana from $454.00 to $519.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. BTIG Research raised their price objective on shares of Carvana from $450.00 to $535.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Bank of America boosted their target price on shares of Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Carvana from $490.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $474.27.

Carvana Price Performance

NYSE CVNA opened at $343.31 on Friday. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $486.89. The company has a fifty day simple moving average of $434.54 and a 200 day simple moving average of $382.03. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The company has a market cap of $74.68 billion, a P/E ratio of 78.38, a P/E/G ratio of 0.83 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.