CARVANA CO.
At today's price, CARVANA CO. (CVNA) is priced for today's economics sustained for ~5.8 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
The momentum is real: Q1 2026 retail units rose 40% to 187,393 and adjusted EBITDA reached $672 million at a 10.4% margin, with management guiding to all-time records on both metrics in Q2. At about 9x company-wide operating income the priced-in assumption is elevated, requiring growth held at the self-funding ceiling for roughly six years, a pace only about 26% of comparable fast-growers sustained. The balance sheet has come a long way from the 2022 near-bankruptcy: net debt of about $2.9 bil
Is CVNA overvalued? See what's priced in →
751 institutional managers reported holding CVNA in 13F filings for the quarter ended 2026-03-31. Together they hold about 66% of the company; the top 10 hold 38%. 97 opened new positions that quarter. Held by T. Rowe Price, Vanguard Group, BlackRock, among others. On the short side, 74.8M shares were sold short as of the 2026-06-15 count, about 33% of shares outstanding (7.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CVNA's share count grew 30.5% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CVNA over the trailing three years: 2024: 2 buys totaling $200k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CVNA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-02-24 | -20.5% | -13.4% |
| 2023-07-20 | +17.4% | -8.2% |
| 2023-11-03 | +24.2% | +45.2% |
| 2024-05-02 | +40.5% | +9.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CVNA's latest 8-K filings: 2026-05-06 (items 5.02, 5.03, 5.07, 9.01); 2026-04-29 (items 2.02, 9.01); 2026-02-18 (items 2.02, 9.01); 2025-10-29 (items 2.02, 9.01); 2025-07-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.