Carvana Co. (NYSE:CVNA) Short Interest Update

Carvana Co. (NYSE:CVNA) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 73,007,090 shares, an increase of 426.2% from the April 30th total of 13,873,145 shares. Approximately 7.8% of the company’s shares are sold short. Based on an average daily trading volume, of 10,927,061 shares, the short-interest ratio is presently 6.7 days.

Carvana Stock Down 0.5%

Shares of NYSE:CVNA traded down $0.35 during midday trading on Friday, reaching $73.14. The company had a trading volume of 16,461,484 shares, compared to its average volume of 10,177,820. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. The stock’s fifty day moving average price is $69.70 and its 200-day moving average price is $75.02. The stock has a market capitalization of $80.23 billion, a P/E ratio of 44.49, a PEG ratio of 12.40 and a beta of 3.55. Carvana has a one year low of $54.46 and a one year high of $97.38.

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

Wall Street Analysts Forecast Growth

CVNA has been the topic of a number of analyst reports. Argus dropped their price objective on shares of Carvana from $500.00 to $100.00 in a research note on Monday, May 11th. William Blair reiterated an “outperform” rating on shares of Carvana in a research note on Friday, March 13th. Wedbush dropped their price objective on shares of Carvana from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. UBS Group reiterated a “buy” rating and set a $104.00 price objective (up from $97.00) on shares of Carvana in a research note on Thursday, April 30th. Finally, Morgan Stanley lifted their price objective on shares of Carvana from $90.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.14.

More Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for Carvana’s Q2 2027 and Q1 2028 results, signaling improved expectations for future profitability. Zacks Research earnings estimate updates
• Positive Sentiment: Lower crude oil and diesel prices could reduce Carvana’s logistics costs, potentially supporting margins because the company relies on long-distance vehicle transport. Iran US Peace Progress And What Lower Fuel Costs Mean For Carvana
• Neutral Sentiment: One article noted that Carvana and Revolve stocks traded up, but it did not provide a clear company-specific catalyst for the move. Carvana and Revolve Stocks Trade Up, What You Need To Know
• Negative Sentiment: Zacks Research trimmed some near-term and FY2027 earnings forecasts, indicating analysts still see pressure in parts of Carvana’s earnings trajectory. Zacks Research estimate cuts
• Negative Sentiment: Short interest in Carvana surged sharply in May, suggesting more bearish sentiment and the potential for continued trading volatility. Carvana short interest update
• Negative Sentiment: Fresh articles focused on Carvana being down since its last earnings report, reinforcing that investors are still questioning the stock’s post-earnings momentum. Why Is Carvana (CVNA) Down 7.2% Since Last Earnings Report?

Insider Activity

In other Carvana news, Director J Danforth Quayle sold 14,500 shares of Carvana stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $61.99, for a total transaction of $898,913.00. Following the transaction, the director directly owned 209,565 shares of the company’s stock, valued at $12,991,772.61. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $61.97, for a total transaction of $3,098,600.00. Following the transaction, the chief operating officer directly owned 464,620 shares in the company, valued at approximately $28,793,430.64. This trade represents a 9.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 281,205 shares of company stock valued at $19,495,895 over the last quarter. 15.19% of the stock is owned by insiders.

Institutional Trading of Carvana

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpha Capital Advisors Inc. ADV increased its stake in Carvana by 40.0% during the first quarter. Alpha Capital Advisors Inc. ADV now owns 700 shares of the company’s stock valued at $220,000 after purchasing an additional 200 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Carvana by 146.5% during the first quarter. Glenmede Trust Co. NA now owns 1,743 shares of the company’s stock valued at $548,000 after purchasing an additional 1,036 shares during the last quarter. Groupama Asset Managment bought a new stake in Carvana during the first quarter valued at $249,000. Anson Funds Management LP increased its stake in Carvana by 1,500.0% during the first quarter. Anson Funds Management LP now owns 16,000 shares of the company’s stock valued at $5,030,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Carvana by 14.9% during the first quarter. Arkadios Wealth Advisors now owns 2,054 shares of the company’s stock valued at $646,000 after purchasing an additional 267 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

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.