Ira Platt Acquires Carvana Co. Shares Amid Market Movements

On June 15, 2026, Ira Platt made a notable move by purchasing 15,000 shares of Carvana Co. (NYSE:CVNA) at an average price of $3 per share. This transaction, not part of a pre-planned trading program, amounted to a $45,000 investment.

Insider Buying and Selling at Carvana Co.

Ira Platt's recent activity includes buying 15,000 shares at $3 each and selling the same amount at $67.825 on the same day, June 15, 2026. Additionally, Danforth Quayle, another insider, bought 14,525 shares at $3 on June 10, 2026, in a planned transaction but also sold the same amount at $70.

Other Institutional Activity in Carvana Co.

Institutional investors have also been active in Carvana Co. PRICE T ROWE ASSOCIATES INC /MD/ increased its holdings by 274,345 shares, totaling 88,908,535 shares valued at about $5.59 billion. Meanwhile, BLACKROCK, INC. reduced its position by 928,405 shares to 57,660,785 shares, worth approximately $3.63 billion. CAPITAL RESEARCH GLOBAL INVESTORS significantly boosted its holdings by 25,747,760 shares, reaching 54,252,525 shares valued at $3.41 billion. VANGUARD CAPITAL MANAGEMENT LLC and VANGUARD PORTFOLIO MANAGEMENT LLC both hold significant positions, with the former adding the same number of shares as its total, 44,970,140, valued at $2.83 billion.

Carvana Co. Stock Snapshot

Shares of Carvana Co. (NYSE:CVNA) traded near $68.9. The company boasts a market cap of $49.35 billion and a P/E ratio of 39.8, with a forward P/E of 31.8. It has a beta of 3.45, indicating higher volatility. The stock's 52-week range is between $54.46 and $97.38, with a 50-day moving average of $72.06 and a 200-day moving average of $73.64. Carvana maintains a healthy current ratio of 4.09 and a quick ratio of 1.84, though it has a high debt-to-equity ratio of 121.35.

Recent Earnings

Carvana Co. reported revenue of $22.52 billion, with a growth rate of 0.52%. The company achieved an EPS of $1.73, a net margin of 6.4%, and a return on equity of 60.2%. The next earnings report is expected on July 29, 2026.

Analysts Set New Price Targets

On June 12, 2026, RBC Capital maintained its 'buy' rating on Carvana with a price target of $85. Earlier, on June 5, they reiterated a 'buy' rating with a $92 target. Evercore ISI Group also maintained a 'hold' rating with an $86 target on June 2. The consensus among 21 analysts is a 'buy' recommendation, with an average target price of $92.10.

About Carvana Co.

Carvana Co., headquartered in Tempe, Arizona, operates an e-commerce platform for buying and selling used cars. Founded in 2012, the company offers services such as vehicle acquisition, inspection, and reconditioning, along with an online shopping experience. Carvana also provides financing and logistics support, aiming to deliver a unique fulfillment experience. Led by CEO Ernest C. Garcia III, Carvana employs around 23,100 people.

Bottom Line

Ira Platt's recent purchase of Carvana Co. shares reflects ongoing interest in the company. Carvana's e-commerce model continues to attract both institutional investors and analysts, who generally maintain positive outlooks. As with all 13F filings and insider transactions, it's important for investors to remember that these reports are historical and may not reflect current positions.