Neuberger Berman Group LLC Has $115.63 Million Stock Position in Carvana Co. $CVNA

Neuberger Berman Group LLC boosted its position in Carvana Co. (NYSE:CVNA) by 16.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 306,502 shares of the company’s stock after acquiring an additional 42,578 shares during the period. Neuberger Berman Group LLC owned 0.14% of Carvana worth $115,625,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Carvana by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,454,986 shares of the company’s stock worth $5,075,759,000 after purchasing an additional 690,756 shares in the last quarter. State Street Corp grew its position in Carvana by 15.0% in the 2nd quarter. State Street Corp now owns 2,765,046 shares of the company’s stock valued at $931,710,000 after purchasing an additional 361,624 shares during the period. Geode Capital Management LLC increased its stake in Carvana by 11.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock valued at $750,301,000 after purchasing an additional 221,161 shares in the last quarter. Sands Capital Management LLC increased its stake in Carvana by 1,374.3% during the 2nd quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock valued at $303,677,000 after purchasing an additional 840,096 shares in the last quarter. Finally, Norges Bank acquired a new position in Carvana during the second quarter worth $259,468,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Stock Down 4.1%

Carvana stock opened at $317.69 on Friday. The firm has a 50 day moving average price of $399.42 and a 200-day moving average price of $380.02. The company has a quick ratio of 2.73, a current ratio of 4.31 and a debt-to-equity ratio of 1.15. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $486.89. The company has a market capitalization of $69.53 billion, a P/E ratio of 39.51 and a beta of 3.60.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $3.12. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. Carvana’s revenue was up 58.0% on a year-over-year basis. As a group, equities analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CVNA. Weiss Ratings raised shares of Carvana from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Bank of America decreased their target price on shares of Carvana from $460.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price target on shares of Carvana in a research report on Thursday, February 19th. Royal Bank Of Canada cut their price target on Carvana from $500.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Carvana in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and an average target price of $440.59.

Insider Transactions at Carvana

In other news, insider Daniel J. Gill sold 40,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $475.24, for a total transaction of $19,009,600.00. Following the completion of the transaction, the insider owned 191,106 shares in the company, valued at approximately $90,821,215.44. This represents a 17.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Benjamin E. Huston sold 10,000 shares of Carvana 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 completion of the sale, the chief operating officer directly owned 98,652 shares of the company’s stock, valued at approximately $40,572,608.04. This trade represents a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 300,673 shares of company stock valued at $133,268,531. 17.12% of the stock is currently owned by insiders.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Zacks says Carvana has a clear path to a 13.5% adjusted EBITDA margin over time as fixed‑cost leverage and operational efficiencies scale (Q4 dipped to 9.1%). Will Carvana’s Fixed Cost Leverage Drive Its EBITDA Margin?
• Positive Sentiment: Zacks highlights Carvana’s push toward vertical integration (in‑house reconditioning, logistics, financing) as a structural margin tailwind and notes strong customer referrals that could support market‑share gains. Will Vertical Integration Strengthen Carvana’s Prospects?
• Positive Sentiment: Wholesale used‑vehicle prices (Manheim index) rose year‑over‑year in February, which can support retail pricing and gross profit per unit as the spring selling season begins. Used vehicle prices jump ahead of spring selling season optimism
• Neutral Sentiment: Industry and analyst sentiment remains generally constructive: Carvana has a consensus rating around “Moderate Buy,” reflecting mixed analyst views on near‑term execution vs. long‑term opportunity. Carvana Receives Consensus Rating
• Negative Sentiment: Retail GPU fell in Q4 (roughly a $255 decline), and rising reconditioning and logistics costs pressured margins; management says automation/scale should help, but near‑term recovery is uncertain. Carvana’s GPU Declines in Q4: What Will Drive Improvement?
• Negative Sentiment: Several analysts have trimmed near‑term estimates and price targets (e.g., Citi cut its PT), and headlines flag a “rough start” to 2026—these revisions are weighing on sentiment and the stock. Carvana Stock Continues to Slide As Analysts Lower Price Targets
• Negative Sentiment: Zacks Research issued mixed estimate changes: small raises for some later periods but meaningful cuts to near‑term quarters (Q2 2026, Q3 2027), underscoring uncertainty over short‑term profitability.

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.