Principal Financial Group Inc. Sells 30,221 Shares of Carvana Co. $CVNA

Principal Financial Group Inc. decreased its position in shares of Carvana Co. (NYSE:CVNA) by 85.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,283 shares of the company’s stock after selling 30,221 shares during the quarter. Principal Financial Group Inc.’s holdings in Carvana were worth $1,993,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Mutual Advisors LLC bought a new stake in shares of Carvana in the third quarter valued at about $238,000. UMB Bank n.a. grew its holdings in Carvana by 10.9% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the company’s stock worth $135,000 after acquiring an additional 35 shares in the last quarter. Independent Advisor Alliance increased its position in Carvana by 5.0% during the 3rd quarter. Independent Advisor Alliance now owns 11,482 shares of the company’s stock valued at $4,331,000 after purchasing an additional 549 shares during the period. Everhart Financial Group Inc. bought a new stake in shares of Carvana in the 3rd quarter valued at about $226,000. Finally, National Pension Service lifted its position in shares of Carvana by 2.3% in the 3rd quarter. National Pension Service now owns 192,917 shares of the company’s stock worth $72,776,000 after purchasing an additional 4,249 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

More Carvana News

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Company reports accelerating unit growth and commentary that lending fears are easing — supports revenue trajectory and investor confidence. Carvana Co. (CVNA) Sustains Rapid Unit Growth as Lending Fears Ease
• Positive Sentiment: Analyst and retail coverage highlights Carvana as a long-term growth story based on market share opportunity and unit economics — supports longer-horizon investor demand. Why Carvana (CVNA) is a top growth stock for the long term
• Neutral Sentiment: Q4 earnings previews warn of heightened volatility around the report — expectations and guidance will likely drive short-term swings. Carvana Q4 preview: ‘Buckle up’ for earnings, market expert says ‘things to get highly volatile’
• Neutral Sentiment: Market pieces laying out what to expect from tomorrow’s Q4 print — these previews summarize key metrics investors will watch (unit trends, margins, used-car pricing, and financing availability). Carvana Gears Up to Report Q4 Earnings: What’s in the Cards?
• Negative Sentiment: Pomerantz law firm announces an investor investigation into Carvana — legal risk can increase uncertainty and potential liability. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carvana Co. – CVNA
• Negative Sentiment: Coverage highlights governance and allegation concerns that could weigh on investor sentiment and valuation multiples. Carvana Allegations Put Governance And Growth Story Under The Spotlight
• Negative Sentiment: Shares have recently sold off vs. Wall Street targets (large monthly decline and trading well below analyst targets), reflecting short-term pain and elevated volatility. Carvana (CVNA) Trading 40% Below Wall Street Targets After 25% Monthly Slide

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CVNA shares. Gordon Haskett cut their price objective on shares of Carvana from $445.00 to $435.00 and set a “hold” rating on the stock in a report on Monday, January 5th. Evercore increased their target price on Carvana from $425.00 to $430.00 in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carvana in a report on Monday, December 29th. Wedbush boosted their price target on Carvana from $400.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 price objective on shares of Carvana in a research report on Monday, November 17th. Nineteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $474.27.

Insider Activity

In other Carvana news, Director Michael E. Maroone sold 30,928 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $400.34, for a total value of $12,381,715.52. Following the completion of the sale, the director 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul W. Breaux sold 20,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $438.50, for a total value of $8,770,000.00. Following the sale, the insider owned 69,289 shares in the company, valued at $30,383,226.50. The trade was a 22.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 420,351 shares of company stock worth $179,589,049 over the last quarter. Company insiders own 16.36% of the company’s stock.

Carvana Stock Performance

Shares of CVNA stock opened at $351.01 on Wednesday. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $486.89. The business’s fifty day simple moving average is $430.34 and its 200-day simple moving average is $382.24. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The company has a market cap of $76.36 billion, a PE ratio of 80.14 and a beta of 3.57.

Carvana Company 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.