Carvana surged to $249.95 per share this morning, but it remains 42.99% above its mean target price of $174.8. There may still be room for more downwards movement — even after today's 20.6% drop. Analysts are giving the Large-Cap Auto Retail stock on average rating of hold, with target prices ranging from $72.0 to $250.0 per share.
The stock has an above average percentage of its shares sold short at 13.1%, and a short ratio of 4.21. The company's insiders own 3.5% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 94.6% of Carvana's shares being owned by this investor type.
Institutions Invested in Carvana
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Price (T.Rowe) Associates Inc | 10% | 12,053,387 | $3,012,744,043 |
| 2024-06-30 | Vanguard Group Inc | 8% | 9,966,005 | $2,491,002,919 |
| 2024-06-30 | CAS Investment Partners, LLC | 5% | 6,530,894 | $1,632,396,935 |
| 2024-06-30 | FMR, LLC | 5% | 6,479,134 | $1,619,459,523 |
| 2024-06-30 | Morgan Stanley | 5% | 6,170,045 | $1,542,202,728 |
| 2024-06-30 | Greenoaks Capital Partners LLC | 5% | 5,854,942 | $1,463,442,735 |
| 2024-06-30 | Spruce House Investment Management LLC | 4% | 5,000,000 | $1,249,749,984 |
| 2024-06-30 | Blackrock Inc. | 4% | 4,917,652 | $1,229,167,102 |
| 2024-06-30 | Lingotto Investment Management Llp | 3% | 3,776,747 | $943,997,901 |
| 2024-06-30 | Shaw D.E. & Co., Inc. | 3% | 3,654,799 | $913,516,998 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Carvana.
