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 ($2.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.79. Options: 31 managers hold calls ($153.5m notional), 39 hold puts ($150.5m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 272 |
| Q4 2022 | 223 |
| Q1 2023 | 215 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 115 | 163 |
| Q1 2023 | 88 | 121 |
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 |
| Q1 2023 | $153.5m | $150.5m | 0.98 |
Biggest buyers
| FMR LLC | Added | +7.4m |
| Lingotto Investment Management LLP | New | +5.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.0m |
| Point72 Asset Management, L.P. | Added | +1.2m |
| COATUE MANAGEMENT LLC | New | +1.1m |
| GOODNOW INVESTMENT GROUP, LLC | Added | +459.2k |
| Alta Park Capital, LP | New | +398.2k |
| SEVEN EIGHT CAPITAL, LP | New | +354.0k |
| HRT FINANCIAL LP | New | +331.1k |
| Balyasny Asset Management L.P. | New | +276.1k |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -8.4m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -3.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -3.0m |
| D. E. Shaw & Co., Inc. | Reduced | -2.5m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.1m |
| Qube Research & Technologies Ltd | Sold out | -1.9m |
| AQR CAPITAL MANAGEMENT LLC | Sold out | -817.5k |
| 683 Capital Management, LLC | Reduced | -552.1k |
| GROUP ONE TRADING LLC | Reduced | -533.1k |
| Point72 Middle East FZE | Sold out | -440.5k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $22.3m2.3m shares |
| Luxor Capital Group, LP | Added | $22.2m2.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.5m1.6m shares |
| GROUP ONE TRADING LLC | Reduced | $13.0m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $11.9m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $11.2m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $8.2m834.2k shares |
| IMC-Chicago, LLC | Reduced | $7.0m715.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $6.6m749.9k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $5.4m5.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.6m2.3m shares |
| NOMURA HOLDINGS INC | Added | $19.1m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $13.7m1.4m shares |
| SANDLER CAPITAL MANAGEMENT | New | $8.8m900.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.2m736.9k shares |
| IMC-Chicago, LLC | Added | $7.0m716.7k shares |
| GROUP ONE TRADING LLC | Reduced | $7.0m715.4k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $6.0m617.3k shares |
| JANE STREET GROUP, LLC | Reduced | $6.0m611.3k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $5.5m5.6k 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 Q1 2023
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 0.12% of their portfolio | 14.1m $137.6m | Reduced -110.7k |
| MORGAN STANLEY 0.01% of their portfolio | 13.9m $136.2m | Reduced -171.9k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 19.16% of their portfolio | 10.0m $97.9m | Unchanged |
| FMR LLC 0.00% of their portfolio | 9.3m $91.4m | Added +7.4m |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.7m $85.3m | Added +76.4k |
| GREENOAKS LLC 10.50% of their portfolio | 7.4m $72.2m | Unchanged |
| CAS Investment Partners, LLC 13.71% of their portfolio | 6.8m $66.8m | Unchanged |
| Lingotto Investment Management LLP 3.64% of their portfolio | 5.2m $50.8m | New |
| BlackRock Inc. 0.00% of their portfolio | 4.4m $43.5m | Reduced -214.0k |
| Thrive Capital Management, LLC 10.29% of their portfolio | 2.9m $28.9m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.9m $28.6m | Added +2.0m |
| STATE STREET CORP 0.00% of their portfolio | 2.4m $23.6m | Added +122.6k |
| FPR PARTNERS LLC 1.06% of their portfolio | 2.2m $21.1m | Unchanged |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 1.7m $16.3m | Added +1.2m |
| GOODNOW INVESTMENT GROUP, LLC 2.36% of their portfolio | 1.5m $14.4m | Added +459.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $14.0m | Reduced -3.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $13.5m | Added +61.1k |
| COATUE MANAGEMENT LLC 0.07% of their portfolio | 1.1m $10.9m | New |
| KPS Global Asset Management UK Ltd 9.27% of their portfolio | 1.1m $10.5m | Unchanged |
| Pelham Capital Ltd. 3.65% of their portfolio | 990.6k $9.7m | Unchanged |
| General Equity Holdings LP 22.36% of their portfolio | 970.4k $9.5m | Reduced -30.2k |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 6.01% of their portfolio | 728.3k $7.1m | Unchanged |
| RV Capital AG 2.64% of their portfolio | 709.8k $6.9m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 557.7k $5.5m | Reduced -403.7k |
| Schusterman Interests, LLC 8.15% of their portfolio | 536.0k $5.2m | Unchanged |
| GATES FOUNDATION TRUST 0.01% of their portfolio | 520.0k $5.1m | Unchanged |
| 683 Capital Management, LLC 0.42% of their portfolio | 475.0k $4.7m | Reduced -552.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 438.7k $4.3m | Added +11.5k |
| INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV 0.41% of their portfolio | 425.0k $4.2m | Unchanged |
| NORGES BANK 0.00% of their portfolio | 409.7k $4.0m | Reduced -409.7k |
| Alta Park Capital, LP 0.40% of their portfolio | 398.2k $3.9m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 377.3k $3.7m | Reduced -21.3k |
| Sculptor Capital LP 0.09% of their portfolio | 370.8k $3.6m | Added +149.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 358.1k $3.5m | Reduced -8.4m |
| SEVEN EIGHT CAPITAL, LP 0.72% of their portfolio | 354.0k $3.5m | New |
| HRT FINANCIAL LP 0.04% of their portfolio | 331.1k $3.2m | New |
| Steadview Capital Management LLC 0.96% of their portfolio | 325.3k $3.2m | Reduced -9.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 324.9k $3.2m | Reduced -2.7k |
| Penserra Capital Management LLC 0.06% of their portfolio | 304.3k $3.0m | Reduced -20.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 283.1k $2.8m | Reduced -4.1k |
| Invesco Ltd. 0.00% of their portfolio | 281.0k $2.8m | Added +47.6k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 276.1k $2.7m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.05% of their portfolio | 229.2k $2.2m | Unchanged |
| Broad Peak Investment Holdings Ltd. 0.28% of their portfolio | 203.0k $2.0m | New |
| Avenir Management Company, LLC 9.73% of their portfolio | 201.2k $2.0m | Unchanged |
| Worth Venture Partners, LLC 0.96% of their portfolio | 199.6k $2.0m | Reduced -118.9k |
| PB INVESTMENT PARTNERS, L.P. 1.74% of their portfolio | 199.6k $2.0m | Reduced -118.9k |
| Swiss National Bank 0.00% of their portfolio | 194.3k $1.9m | Reduced -22.9k |
| Anabranch Capital Management, LP 1.50% of their portfolio | 187.3k $1.8m | Unchanged |
| Taylor Frigon Capital Management LLC 0.97% of their portfolio | 181.2k $1.8m | Reduced -2.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 179.3k $1.8m | Reduced -296.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 157.9k $1.5m | Reduced -257.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 157.8k $1.5m | Reduced -2.1m |
| ETF MANAGERS GROUP, LLC 0.05% of their portfolio | 153.9k $1.5m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 149.9k $1.5m | Added +93.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 148.8k $1.5m | Reduced -3.3k |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 146.5k $1.4m | Added +40.3k |
| California Public Employees Retirement System 0.00% of their portfolio | 134.8k $1.3m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 134.4k $1.3m | Reduced -137.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 118.6k $1.2m | Added +9.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 118.1k $1.2m | Reduced -1.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 110.2k $1.1m | Unchanged |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 97.4k $953.9k | Added +7.3k |
| BOULDER HILL CAPITAL MANAGEMENT LP 0.72% of their portfolio | 90.7k $888.0k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 87.6k $857.6k | Reduced -15.0k |
| JBF Capital, Inc. 0.19% of their portfolio | 86.7k $848.6k | New |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 85.3k $835.5k | Reduced -70.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 81.3k $795.6k | Added +70.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 78.7k $770.9k | Reduced -13.4k |
| GROUP ONE TRADING LLC 0.04% of their portfolio | 77.6k $759.5k | Reduced -533.1k |
| Squarepoint Ops LLC 0.01% of their portfolio | 75.7k $741.1k | Reduced -36.5k |
| PLUSTICK MANAGEMENT LLC 0.65% of their portfolio | 75.0k $734.2k | New |
| Holocene Advisors, LP 0.00% of their portfolio | 74.9k $733.0k | New |
| Selkirk Management LLC 0.85% of their portfolio | 73.2k $716.8k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 71.7k $701.9k | Added +49.7k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 70.1k $686.4k | Added +58.8k |
| COMMERCE BANK 0.01% of their portfolio | 69.9k $684.4k | Added +1.6k |
| WOLVERINE TRADING, LLC 0.02% of their portfolio | 67.5k $596.0k | Added +47.7k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 62.2k $608.7k | Added +107 |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 62.0k $606.7k | Reduced -12.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 61.1k $598.0k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 60.3k $589.6k | Added +45.9k |
| MYDA Advisors LLC 0.25% of their portfolio | 60.0k $587.4k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 59.4k $581.7k | Reduced -2.5m |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 57.1k $558.7k | New |
| Amundi 0.00% of their portfolio | 56.4k $479.8k | Added +6.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 55.0k $538.8k | Added +51.7k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 54.6k $534.5k | Reduced -24.4k |
| BARCLAYS PLC 0.00% of their portfolio | 53.2k $521.2k | Reduced -328.8k |
| Capula Management Ltd 0.04% of their portfolio | 52.5k $514.4k | Not comparable |
| Parallax Volatility Advisers, L.P. 0.02% of their portfolio | 52.5k $514.3k | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 51.9k $508.0k | Reduced -1.6k |
| AXQ CAPITAL, LP 0.20% of their portfolio | 51.3k $502.2k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 48.2k $471.9k | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.06% of their portfolio | 45.8k $448.1k | Reduced -20.9k |
| Treasurer of the State of North Carolina 0.00% of their portfolio | 45.6k $446.0k | Added +330 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.01% of their portfolio | 44.3k $413.2k | Reduced -7.6k |
| Quadrature Capital Ltd 0.01% of their portfolio | 44.1k $431.7k | Added +19.9k |
| Global Endowment Management, LP 0.04% of their portfolio | 42.9k $420.4k | Added +2.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 42.0k $410.8k | Reduced -1.1k |