New York State Common Retirement Fund Has $36.66 Million Stake in Carvana Co. $CVNA

New York State Common Retirement Fund increased its stake in shares of Carvana Co. (NYSE:CVNA) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,176 shares of the company’s stock after buying an additional 3,804 shares during the quarter. New York State Common Retirement Fund’s holdings in Carvana were worth $36,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hilltop National Bank acquired a new stake in shares of Carvana during the 2nd quarter worth $25,000. ORG Partners LLC lifted its position in Carvana by 8,700.0% during the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after purchasing an additional 87 shares during the period. Steigerwald Gordon & Koch Inc. bought a new stake in Carvana during the third quarter worth about $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Carvana during the second quarter worth about $38,000. Finally, LRI Investments LLC bought a new position in Carvana in the 2nd quarter valued at about $42,000. Institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group increased their price target on shares of Carvana from $450.00 to $545.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Stephens upped their target price on Carvana from $454.00 to $519.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on Carvana from $490.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Bank of America raised their price objective on Carvana from $455.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Nineteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $474.27.

Key Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Analysts and brokers publicly defended Carvana and some raised price targets, which has supported intraday rebounds and suggests parts of Wall Street view the short report as overstated. Carvana stock rises as analysts defend company following short report
• Positive Sentiment: Underlying fundamentals cited by defenders: recent quarter showed record revenue, positive GAAP operating income and improved liquidity / debt reduction — arguments that the business is cash‑generating and operationally stronger than critics claim. Carvana Drops 14% After $1B Accounting Allegations
• Neutral Sentiment: Positive style‑score and momentum writeups (Zacks) highlight growth and momentum characteristics that appeal to risk‑tolerant investors, but these are stylistic views not rebuttals of the short‑seller’s claims. Why Carvana (CVNA) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Short‑term technical/flow traders are active: the stock swung sharply lower on the report then showed rebounds, indicating high intraday volatility that can create trading opportunities but also sharp losses. Stock Of The Day: Is This The Bottom For Carvana?
• Negative Sentiment: Gotham City Research released a detailed short report alleging >$1B of overstated earnings via undisclosed related‑party transactions (DriveTime/Bridgecrest/GoFi). Those claims are the immediate catalyst for the sell‑off and could materially change reported results if proven. Gotham City Research short report on Carvana
• Negative Sentiment: Multiple securities law firms have opened investigations and are soliciting plaintiffs (BFA, Rosen, Pomerantz, Kirby McInerney, Bragar, Moore Law), increasing the chance of class actions and litigation costs. Legal risk is now a major short‑to‑medium‑term headwind. Bragar Eagel & Squire investigation notice
• Negative Sentiment: Regulatory and audit risks cited in the short report (an SEC subpoena referenced; same auditor across related entities) could lead to investigations, restatements or enforcement — outcomes that would likely pressure the stock well beyond current volatility. MarketBeat analysis of accounting allegations and regulatory risk

Carvana Trading Down 6.3%

NYSE CVNA opened at $400.36 on Friday. The company has a market cap of $87.09 billion, a price-to-earnings ratio of 91.41, a price-to-earnings-growth ratio of 1.03 and a beta of 3.54. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $486.89. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. The business’s fifty day moving average is $431.93 and its 200 day moving average is $378.97.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.26). The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. Carvana’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. As a group, sell-side analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling at Carvana

In other Carvana news, VP Stephen R. Palmer sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $419.48, for a total transaction of $419,480.00. Following the sale, the vice president directly owned 38,744 shares of the company’s stock, valued at $16,252,333.12. The trade was a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 12,750 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $403.02, for a total transaction of $5,138,505.00. Following the completion of the transaction, the chief financial officer owned 204,036 shares of the company’s stock, valued at approximately $82,230,588.72. This trade represents a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 435,256 shares of company stock worth $182,324,727 over the last quarter. Insiders own 17.12% 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.