CTC 13F: New $1.2M Stake in Carvana (CVNA)

CTC recently revealed a new investment in Carvana Co. (NYSE: CVNA), purchasing 19,330 shares during the quarter. This brand-new position was valued at about $1.23 million at the time of the report, according to a Form 13F filing with the SEC on May 21, 2026. Because 13F filings are backward-looking reports, this data reflects what the firm held at the end of the reporting period and might not show its current portfolio today.

CTC Initiates Carvana Position

This move marks a fresh entry for CTC into the online used car market. The firm went from owning zero shares to holding 19,330 shares in a single quarter. The reported cost basis for these shares was $74.56, suggesting the firm may have entered the position when prices were slightly higher than current levels. This new stake follows other recent activity from CTC, which recently closed out positions in other tech-heavy names like JD.com and Super Micro Computer.

Carvana Stock Performance and Valuation

On Friday, shares of Carvana were trading at $63.72. The stock has seen significant volatility lately, with a 52-week range spanning from a low of $54.46 to a high of $97.38. Currently, the stock is trading below its 50-day moving average of $68.35 and its 200-day moving average of $70.85. With a price-to-earnings (P/E) ratio of 31.91, investors are paying a premium for the company's growth, though the forward P/E is slightly lower at 26.96. The company's high beta of 3.55 indicates the stock tends to move much more sharply than the broader market.

Recent Earnings and Growth

Carvana has shown strong top-line momentum, reporting revenue of $25.06 billion and a revenue growth rate of 52.4%. The company is currently profitable, with a net margin of 6.26% and an impressive return on equity of 58.77%. These figures highlight the company's efforts to streamline its operations after a period of rapid expansion. Investors are looking ahead to the next earnings announcement, which is scheduled for October 28, 2026.

Insider Buying and Selling at Carvana Co.

There has been recent movement from company insiders as well. On June 15, 2026, Ira Platt was active in the market, both buying and selling shares. Platt exercised options to acquire 15,000 shares at a price of just $3.00 each, a transaction worth $45,000. On that same day, Platt sold 15,000 shares at a much higher average price of $67.83, totaling roughly $1.02 million. This type of activity is often part of standard compensation and tax planning for corporate executives.

Analysts Set New Price Targets

Wall Street analysts have been busy updating their views on Carvana throughout the year. On October 15, 2026, Morgan Stanley maintained its Overweight rating but nudged its price target down from $90.00 to $88.00. Earlier in the month, both Stephens & Co. and Barclays also kept their Overweight ratings but lowered their targets to $83.00 and $80.00, respectively. Meanwhile, Oppenheimer maintains an Outperform rating with a $90.00 target as of September 30. Overall, the consensus among 21 analysts is a Buy, with an average price target of $82.19.

About Carvana Co.

Carvana operates a large online platform where people can buy, sell, or trade in used cars without visiting a traditional dealership. The company handles everything from vehicle inspections and financing to home delivery via its well-known car vending machines. Based in Tempe, Arizona, the company has grown into a major player in the automotive retail space by focusing on a digital-first customer experience.

What's Ahead for Carvana Co.

As Carvana approaches its next earnings date in late October, investors will be watching to see if the company can maintain its high revenue growth and improve its margins further. The recent stake by CTC shows institutional interest remains active, even as some analysts trim their price targets. It is important to remember that these 13F filings are delayed by several weeks, so they provide a snapshot of the past rather than a real-time view of institutional sentiment.