Illinois Municipal Retirement Fund Sells 1,763 Shares of Carvana Co. $CVNA

Illinois Municipal Retirement Fund lowered its stake in Carvana Co. (NYSE:CVNA) by 6.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 27,118 shares of the company’s stock after selling 1,763 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Carvana were worth $10,230,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sands Capital Management LLC boosted its position in Carvana by 1,374.3% during the second quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock worth $303,677,000 after purchasing an additional 840,096 shares during the period. Norges Bank acquired a new stake in shares of Carvana in the second quarter worth $259,468,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Carvana during the 2nd quarter worth $193,091,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Carvana during the 2nd quarter worth $183,102,000. Finally, Invesco Ltd. grew its stake in Carvana by 231.8% in the 2nd quarter. Invesco Ltd. now owns 734,436 shares of the company’s stock valued at $247,476,000 after buying an additional 513,092 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Stock Performance

Shares of NYSE CVNA opened at $345.83 on Friday. The firm has a market capitalization of $75.23 billion, a price-to-earnings ratio of 78.96, a PEG ratio of 0.88 and a beta of 3.57. Carvana Co. has a one year low of $148.25 and a one year high of $486.89. The business has a fifty day simple moving average of $435.68 and a 200 day simple moving average of $381.99. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63.

Analyst Ratings Changes

CVNA has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Carvana from $465.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $500.00 price objective on shares of Carvana in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carvana in a report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $460.00 price target on shares of Carvana in a research report on Thursday, October 30th. Finally, Gordon Haskett reduced their price objective on Carvana from $445.00 to $435.00 and set a “hold” rating for the company in a research report on Monday, January 5th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $474.27.

Insider Buying and Selling

In other news, Director Michael E. Maroone sold 30,928 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $400.34, for a total transaction of $12,381,715.52. Following the completion of the transaction, the director directly owned 143,573 shares of the company’s stock, valued at approximately $57,478,014.82. This trade represents a 17.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Gill sold 80,000 shares of Carvana stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $439.50, for a total transaction of $35,160,000.00. Following the sale, the insider owned 191,106 shares in the company, valued at approximately $83,991,087. This trade represents a 29.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 420,351 shares of company stock worth $179,589,049. Insiders own 17.12% of the company’s stock.

Carvana News Summary

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Several Wall Street firms still carry constructive views and sizable price targets (multiple “buy” ratings and a consensus “Moderate Buy”), and some institutions increased holdings during Q4 — a source of investor support.
• Neutral Sentiment: Carvana is due to report earnings next week; that keeps focus on guidance and key metrics (Q4 previews from Zacks highlight items to watch) — the print could swing sentiment either way. Q4 outlook and metrics to watch
• Negative Sentiment: Multiple law firms have opened securities-investigation inquiries (Pomerantz, Bragar Eagel & Squire, Block & Leviton, Kirby McInerney), heightening litigation and regulatory risk following a short‑seller report. Pomerantz investigation alert Bragar investigation Block & Leviton alert Kirby McInerney alert
• Negative Sentiment: Short‑seller allegations (cited in recent coverage) raise questions about accounting/profitability that amplify downside risk if regulators or auditors follow up. 247WallStreet and other outlets flagged renewed skepticism. Short‑seller scrutiny and critical coverage
• Negative Sentiment: Pre‑earnings analyst previews (Zacks) suggest Carvana may lack the setup for an earnings beat; a miss or weak guidance would likely deepen the sell‑off. Earnings preview — downside risk
• Negative Sentiment: Insider selling by an executive (Thomas Taira) was recently reported; while not large versus total holdings, such sales during heightened scrutiny can be interpreted unfavorably. Insider sale filing

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.