Tema ETFs LLC Has $916,000 Holdings in Carvana Co. $CVNA

Tema ETFs LLC lifted its holdings in shares of Carvana Co. (NYSE:CVNA) by 451.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,919 shares of the company’s stock after purchasing an additional 11,393 shares during the quarter. Tema ETFs LLC’s holdings in Carvana were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVNA. Price T Rowe Associates Inc. MD grew its position in Carvana by 8.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,726,838 shares of the company’s stock worth $7,481,081,000 after buying an additional 1,407,762 shares in the last quarter. Vanguard Group Inc. raised its holdings in Carvana by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after acquiring an additional 3,328,115 shares in the last quarter. State Street Corp raised its holdings in Carvana by 93.7% in the 4th quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after acquiring an additional 2,764,759 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Carvana by 42.9% during the 4th quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after acquiring an additional 1,711,144 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Carvana by 55.4% during the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after acquiring an additional 1,382,852 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BNP Paribas Exane decreased their price target on Carvana from $86.00 to $69.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Citizens Jmp cut their price objective on shares of Carvana from $103.00 to $83.00 and set a “market outperform” rating for the company in a research report on Thursday, July 30th. Zacks Research downgraded shares of Carvana from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Wells Fargo & Company set a $80.00 target price on shares of Carvana and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Hovde Group boosted their target price on shares of Carvana from $39.50 to $48.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Insider Activity at Carvana

In related news, Director Michael E. Maroone acquired 25,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $61.80 per share, for a total transaction of $1,545,000.00. Following the transaction, the director directly owned 168,573 shares in the company, valued at $10,417,811.40. This trade represents a 17.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen R. Palmer sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $64.49, for a total transaction of $322,450.00. Following the completion of the transaction, the vice president directly owned 136,909 shares of the company’s stock, valued at approximately $8,829,261.41. The trade was a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 391,372 shares of company stock worth $26,555,789 in the last ninety days. Insiders own 15.19% of the company’s stock.

Carvana Stock Performance

NYSE:CVNA opened at $73.75 on Friday. The stock’s 50-day simple moving average is $67.05 and its 200 day simple moving average is $69.32. The firm has a market capitalization of $81.16 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 2.64 and a beta of 3.46. The company has a quick ratio of 2.33, a current ratio of 3.93 and a debt-to-equity ratio of 0.94. Carvana Co. has a twelve month low of $54.46 and a twelve month high of $97.38.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a return on equity of 37.06% and a net margin of 6.26%.The business’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.51 earnings per share. On average, analysts anticipate that Carvana Co. will post 1.67 EPS for the current fiscal year.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana priced a $1.66 billion seven-year Senior Secured Term Loan B to redeem its 9.00% senior secured notes due 2030. The refinancing is expected to reduce annual cash interest expense by approximately $45 million over the next four years and extend debt maturities, strengthening financial flexibility. Carvana’s net debt was reported at only 1.0 times trailing-12-month adjusted EBITDA. How Investors May Respond To Carvana Refinancing To Cut Interest Costs And Extend Debt Maturities
• Positive Sentiment: Zacks Research raised its Carvana FY2026 EPS forecast to $1.63 from $1.51 and lifted its Q3 2026 estimate to $0.48 from $0.39. The Q4 2026 estimate also increased modestly to $0.38 from $0.37, signaling improved expectations for near-term profitability, although Zacks maintained a “Hold” rating. Zacks Research earnings estimates
• Neutral Sentiment: Analysts presented Carvana at the J.P. Morgan Automotive Conference, but the supplied reports provide no specific new guidance or operational developments from the event. Carvana J.P. Morgan Automotive Conference Transcript
• Negative Sentiment: Zacks lowered its Q1 2028 EPS estimate to $0.68 from $0.77 and trimmed its FY2028 forecast to $3.24 from $3.25. Separately, an updated fair-value estimate fell to approximately $82.83 from $89.83, reflecting more cautious valuation assumptions even though analysts generally continue to expect long-term growth. Carvana Stock Sees Modest Fair Value Cut After Cautious Q2 Analyst Revisions

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.