CARVANA CO CVNA
CL A · Common Stock · CUSIP 146869102 · ISIN US1468691027
Online used car dealer based in Arizona
- SectorConsumer discretionary
- IndustryRetail-Auto Dealers & Gasoline Stations
- HeadquartersTempe, AZ
- Websitecarvana.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.74. Options: 47 managers hold calls ($139.7m notional), 36 hold puts ($84.5m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 272 |
| Q4 2022 | 223 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $411.9m | $215.0m | 0.52 |
| Q4 2022 | $139.7m | $84.5m | 0.60 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +8.0m |
| MORGAN STANLEY | Added | +5.6m |
| GREENOAKS LLC | Added | +3.6m |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC | Added | +3.5m |
| RENAISSANCE TECHNOLOGIES LLC | New | +3.0m |
| D. E. Shaw & Co., Inc. | Added | +2.6m |
| BANK OF AMERICA CORP /DE/ | Added | +2.5m |
| TWO SIGMA INVESTMENTS, LP | New | +2.3m |
| Qube Research & Technologies Ltd | New | +1.9m |
| Thrive Capital Management, LLC | Added | +1.4m |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -19.6m |
| FMR LLC | Reduced | -7.3m |
| Capital World Investors | Sold out | -5.3m |
| Must Asset Management Inc. | Sold out | -1.4m |
| TD Asset Management Inc | Sold out | -1.1m |
| Vantage Investment Partners, LLC | Sold out | -852.0k |
| Man Group plc | Reduced | -803.9k |
| Point72 Asset Management, L.P. | Reduced | -759.7k |
| MAVERICK CAPITAL LTD | Sold out | -735.7k |
| CITADEL ADVISORS LLC | Reduced | -701.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.3m4.1m shares |
| Apollo Management Holdings, L.P. | New | $16.3m3.4m shares |
| JANE STREET GROUP, LLC | Added | $13.4m2.8m shares |
| CITADEL ADVISORS LLC | Reduced | $13.1m2.8m shares |
| GROUP ONE TRADING LLC | Added | $10.0m2.1m shares |
| SOROS FUND MANAGEMENT LLC | New | $7.1m1.5m shares |
| SIMPLEX TRADING, LLC | Added | $6.8m1.4m shares |
| Luxor Capital Group, LP | Reduced | $5.5m1.2m shares |
| BARCLAYS PLC | First filing | $4.9m1.0m shares |
| WOLVERINE TRADING, LLC | Added | $4.4m923.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.2m3.4m shares |
| BANK OF AMERICA CORP /DE/ | Added | $13.2m2.8m shares |
| CITADEL ADVISORS LLC | Added | $10.6m2.2m shares |
| GROUP ONE TRADING LLC | Added | $7.0m1.5m shares |
| SIMPLEX TRADING, LLC | Added | $6.1m1.3m shares |
| JANE STREET GROUP, LLC | Added | $4.8m1.0m shares |
| IMC-Chicago, LLC | Added | $3.0m642.7k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $3.0m6.4k shares |
| JPMORGAN CHASE & CO | Added | $2.4m500.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $1.9m405.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
GARCIA ERNEST C. II
13D · may seek influence
-1.0 pts · filed 2026-05-01
Stated purposeItem 4 of the Original Schedule 13D is hereby amended and restated to include the following information. The information set forth in Item 5 is incorporated by reference in its entirety into this Item 4. The Reporting Persons' acquisitions of the securities reported herein were made for investment purposes. Except as set forth in this Item 4, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the matters described in clauses (a) through (j) of the instructions to Item 4 of Schedule 13D. However, in the future, the Reporting Persons will take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, acquiring or disposing of securities of the Issuer, entering into hedging or le… Full filing |
22.9% |
| GARCIA ERNEST C. III 13G · exempt (held before listing) filed 2025-08-01 | 18.2% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution filed 2026-02-17 | 12.6% |
| Capital Research Global Investors 13G · institution +1.3 pts · filed 2026-08-12 | 8.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.2% |
| BlackRock, Inc. 13G · institution -1.3 pts · filed 2026-07-29 | 6.3% |
| FMR LLC 13G · institution +0.7 pts · filed 2026-05-06 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 5 | $5.5m | — |
| Q1 2022 | 0 | — | 6 | — | — |
| Q2 2022 | 5 | $6.5m | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 5 | $2.7m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-11-22 | Taira Thomas President, Special Projects | Bought | $240.1k35.0k shares |
| 2022-11-21 | GILL DANIEL J. Chief Product Officer | Bought | $1.0m133.0k shares |
| 2022-11-14 | SULLIVAN GREGORY B Director | Bought | $80.0k8.0k shares |
| 2022-11-11 | Taira Thomas President, Special Projects | Bought | $111.3k10.0k shares |
| 2022-11-07 | MAROONE MICHAEL E Director | Bought | $861.0k100.0k shares |
| 2022-11-07 | PLATT IRA J. Director · By Trust | Bought | $370.0k50.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 0.07% of their portfolio | 14.2m $67.2m | Added +24.7k |
| MORGAN STANLEY 0.01% of their portfolio | 14.1m $66.8m | Added +5.6m |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 12.57% of their portfolio | 10.0m $47.4m | Added +3.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 8.7m $41.4m | Added +8.0m |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.6m $41.0m | Added +79.8k |
| GREENOAKS LLC 5.86% of their portfolio | 7.4m $34.9m | Added +3.6m |
| CAS Investment Partners, LLC 7.73% of their portfolio | 6.8m $32.4m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 4.7m $22.1m | Added +307.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.4m $20.8m | Added +2.5m |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 3.0m $14.1m | New |
| Thrive Capital Management, LLC 6.34% of their portfolio | 2.9m $14.0m | Added +1.4m |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 2.6m $12.3m | Added +2.6m |
| STATE STREET CORP 0.00% of their portfolio | 2.3m $10.8m | Added +626.4k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 2.3m $10.8m | New |
| FPR PARTNERS LLC 0.49% of their portfolio | 2.2m $10.2m | Added +310.0k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 1.9m $9.1m | New |
| FMR LLC 0.00% of their portfolio | 1.9m $9.1m | Reduced -7.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $6.3m | Added +60.2k |
| KPS Global Asset Management UK Ltd 5.88% of their portfolio | 1.1m $5.1m | Reduced -200.0k |
| 683 Capital Management, LLC 0.44% of their portfolio | 1.0m $4.9m | Reduced -622.9k |
| GOODNOW INVESTMENT GROUP, LLC 0.77% of their portfolio | 1.0m $4.8m | Reduced -139.0k |
| General Equity Holdings LP 11.70% of their portfolio | 1.0m $4.7m | Added +428.4k |
| Pelham Capital Ltd. 1.04% of their portfolio | 990.6k $4.7m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 961.4k $4.6m | Added +835.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 949.2k $4.5m | Added +920.6k |
| NORGES BANK 0.00% of their portfolio | 819.4k $3.9m | Added +61.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 817.5k $3.7m | New |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 2.52% of their portfolio | 728.3k $3.5m | Unchanged |
| RV Capital AG 1.70% of their portfolio | 709.8k $3.4m | Unchanged |
| GROUP ONE TRADING LLC 0.10% of their portfolio | 610.6k $2.9m | New |
| Schusterman Interests, LLC 5.28% of their portfolio | 536.0k $2.5m | Unchanged |
| GATES FOUNDATION TRUST 0.01% of their portfolio | 520.0k $2.5m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 475.7k $2.3m | Added +412.4k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 447.1k $2.1m | Reduced -759.7k |
| Point72 Middle East FZE 0.16% of their portfolio | 440.5k $2.1m | First filing |
| NORTHERN TRUST CORP 0.00% of their portfolio | 427.2k $2.0m | Added +2.1k |
| INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV 0.22% of their portfolio | 425.0k $2.0m | Added +70.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 415.0k $2.0m | Added +64.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 398.5k $1.9m | Reduced -89.9k |
| BARCLAYS PLC 0.00% of their portfolio | 382.0k $1.8m | First filing |
| Prentice Capital Management, LP 1.93% of their portfolio | 373.3k $1.8m | New |
| Steadview Capital Management LLC 0.49% of their portfolio | 334.4k $1.6m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 327.5k $1.6m | Reduced -37.7k |
| Penserra Capital Management LLC 0.03% of their portfolio | 324.3k $1.5m | Added +233.4k |
| Worth Venture Partners, LLC 0.90% of their portfolio | 318.5k $1.5m | Added +5.0k |
| PB INVESTMENT PARTNERS, L.P. 1.34% of their portfolio | 318.5k $1.5m | Added +5.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 287.2k $1.4m | Added +7.1k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 272.2k $1.3m | New |
| SIMPLEX TRADING, LLC 0.05% of their portfolio | 235.5k $1.1m | New |
| Invesco Ltd. 0.00% of their portfolio | 233.4k $1.1m | Added +138.3k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio | 229.2k $1.1m | New |
| Sculptor Capital LP 0.02% of their portfolio | 221.1k $1.0m | New |
| Swiss National Bank 0.00% of their portfolio | 217.2k $1.0m | Added +3.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 205.6k $976.0k | Reduced -53.5k |
| XTX Topco Ltd 0.21% of their portfolio | 204.8k $970.7k | Added +165.0k |
| Builders Union LLP 0.97% of their portfolio | 203.3k $963.6k | Unchanged |
| Quinn Opportunity Partners LLC 0.12% of their portfolio | 202.7k $960.8k | New |
| Avenir Management Company, LLC 2.21% of their portfolio | 201.2k $953.6k | Unchanged |
| SG Americas Securities, LLC 0.01% of their portfolio | 200.0k $948.0k | Added +194.2k |
| Rip Road Capital Partners LP 1.20% of their portfolio | 190.4k $902.6k | New |
| Anabranch Capital Management, LP 0.85% of their portfolio | 187.3k $888.0k | Unchanged |
| Taylor Frigon Capital Management LLC 0.49% of their portfolio | 183.4k $869.5k | Added +125.0k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 155.3k $736.5k | Added +155.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 152.1k $721.0k | Reduced -396.0k |
| ISZO CAPITAL MANAGEMENT LP 9.51% of their portfolio | 150.0k $711.0k | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 135.3k $641.2k | New |
| California Public Employees Retirement System 0.00% of their portfolio | 134.8k $638.8k | Reduced -56.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 120.0k $569.0k | Added +1.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 112.2k $531.8k | Reduced -618.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 110.2k $522.4k | Reduced -1.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 109.0k $517.0k | Added +71 |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 106.1k $503.1k | Added +29.9k |
| UBS Group AG 0.00% of their portfolio | 105.8k $501.4k | Added +3.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 102.6k $486.3k | Reduced -5.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 92.1k $436.6k | Added +78.6k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 90.1k $427.2k | Reduced -5.2k |
| Legal & General Group Plc 0.00% of their portfolio | 81.6k $386.9k | Reduced -41.8k |
| EQUITEC PROPRIETARY MARKETS, LLC 0.22% of their portfolio | 80.4k $381.1k | New |
| STILWELL VALUE LLC 0.29% of their portfolio | 80.0k $379.2k | New |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.00% of their portfolio | 79.0k $374.5k | New |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 74.4k $352.8k | Added +62.6k |
| Selkirk Management LLC 0.47% of their portfolio | 73.2k $347.1k | Unchanged |
| Engineers Gate Manager LP 0.02% of their portfolio | 68.8k $326.0k | Added +14.9k |
| COMMERCE BANK 0.00% of their portfolio | 68.3k $323.9k | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.05% of their portfolio | 66.7k $316.2k | Reduced -22.6k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 62.1k $294.2k | Reduced -2.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 61.1k $290.0k | Unchanged |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 57.6k $273.0k | Reduced -11.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 56.9k $270.0k | Reduced -231.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 53.5k $253.0k | Added +1.1k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio | 51.9k $237.9k | Added +19.9k |
| Amundi 0.00% of their portfolio | 50.4k $277.1k | Reduced -13.6k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 45.6k $216.1k | Added +13.0k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 45.3k $215.0k | Added +570 |
| Corton Capital Inc. 0.18% of their portfolio | 45.1k $213.9k | Added +29.1k |
| Delphia (USA) Inc. 0.25% of their portfolio | 45.0k $213.4k | Added +28.7k |
| Man Group plc 0.00% of their portfolio | 43.4k $205.6k | Reduced -803.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 43.1k $204.2k | Reduced -156 |
| Global Endowment Management, LP 0.02% of their portfolio | 40.2k $190.6k | Added +10.1k |
| Clearwater Capital Advisors, LLC 0.02% of their portfolio | 39.5k $187.2k | New |