Lone Pine Capital 13F: Cuts Carvana (CVNA) Stake by $7.8M
Lone Pine Capital slightly reduced its investment in Carvana Co. during the period, according to its latest SEC filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Lone Pine Capital sold 123,095 shares from its stake in Carvana Co. ($CVNA), a 1.38% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 8,773,545 shares worth $559.05 million at the end of the quarter.
Since the filing, $CVNA is up 1.6% after 1 week, up 2.6% after 1 month and down 12.4% to date (from the $67.17 close on May 15, 2026).
Find the original: Lone Pine Capital 13F filings on SEC EDGAR
CVNA
Carvana Co.
Key Points
- Lone Pine Capital trimmed its stake in Carvana Co. (NYSE:CVNA) by 1.4% during the period, shedding 123,095 shares.
- The fund's ending position stood at 8,773,545 shares with a reported value of about $559.1 million.
- Carvana shares recently traded around $63.72, well below its 52-week high of $97.38.
Get $CVNA trade alerts by text
We text you when insiders, Congress or big funds trade $CVNA. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Carvana Co. alert may contain errors. Disclosures
Lone Pine Capital Adjusts Carvana Position
Lone Pine Capital trimmed its investment in Carvana Co. (NYSE:CVNA) during the first quarter, according to a recent Form 13F filing with the Securities and Exchange Commission. The fund held 8,896,640 shares before the move and sold 123,095 shares, marking a 1.4% decrease in its holdings. At the end of the period, the remaining stake of 8,773,545 shares was valued at approximately $559.1 million.
Carvana Stock Performance
Carvana shares recently traded at $63.72, sitting between its 52-week low of $54.46 and its 52-week high of $97.38. The online used car retailer carries a market capitalization of roughly $43.6 billion and a forward price-to-earnings ratio of 26.96. Its shares have traded near its 50-day moving average of $68.35 and its 200-day moving average of $70.86.
Recent Earnings Results
Carvana posted strong profitability metrics in its latest reporting period, showing annual revenue of $25.06 billion alongside a revenue growth rate of 52.4%. The company generated an earnings per share of $1.90, supported by a net margin of 6.3% and a return on equity of 58.8%. Investors look ahead to the next earnings release scheduled for October 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
7 target raises vs 3 cuts.
-
EPS & revenue
EPS beat estimates by 12.0%. Revenue beat estimates by 3.8%.
-
Profit surprise
EBITDA met by 2 percent. Operating income beat by 2 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
7 target raises, 3 target cuts.
-
Earnings quality
Gross margin down 1.2 points. Negative free cash flow.
Earnings Call Summary
Carvana sold a record 187,000 cars in the quarter, up 40 percent year over year, and generated $6.43 billion in revenue, up 52 percent. The recon team fixed labor efficiency issues by building new tools and centralizing planning. The company sees the wholesale-to-retail price spread as temporary and expects it to normalize over the next few months.
Guidance Management expects all-time record retail units sold and adjusted EBITDA in the second quarter. The company still targets 13.5 percent adjusted EBITDA margin by 2030 to 2035 while selling 3 million cars per year. Full year 2026 growth expected to be significant on both metrics.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Carvana Co.
Recent insider activity included transactions by Ira Platt on June 15, 2026. Platt sold 15,000 shares at an average price of $67.83 for a total value of $1.02 million. On the same date, Platt also acquired 15,000 shares at a price of $3.00 per share, totaling $45,000.
Analysts Set New Price Targets
Wall Street analysts maintain a generally positive view of Carvana, holding a consensus recommendation of buy with a mean price target of $82.19 across 21 analyst opinions. Morgan Stanley maintains an Overweight rating with an updated price target of $88.00 on October 15, 2026, while BTIG reiterates a Buy rating with an $87.00 target on October 9, 2026. Stephens & Co. maintains an Overweight rating with an $83.00 target on October 6, 2026, and Barclays maintains an Overweight rating with an $80.00 target on the same day.
Inside the Business
Carvana Co. operates an e-commerce platform for buying and selling used cars through online search, financing, inspection, and home delivery. The company provides a full suite of vehicle acquisition and reconditioning services alongside auction sites. Founded in 2012 and based in Tempe, Arizona, Carvana continues to grow its digital marketplace model.
What's Ahead for Carvana Co.
Institutional filings such as this 13F report offer a backward-looking snapshot of portfolio adjustments made by large managers. Because these reports reflect holdings as of a prior date, they may not represent the investor's current position today. Market watchers will track upcoming earnings reports and future regulatory filings for further updates on institutional activity.
Related Filing Alerts
Source: Lone Pine Capital's 13F filing on $CVNA (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Lone Pine Capital 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts