CVNA
CARVANA CO.Evidence as of 2026-09-02Overview · CARVANA CO.
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. The company was founded…
Management team
- Ms. Christina Keiser · Executive Vice President of StrategyFind on LinkedIn
- Mr. Michael McKeever · Head of Capital Markets, Investor Relations and TreasuryFind on LinkedIn
- Mr. Paul Breaux · VP, General Counsel & SecretaryFind on LinkedIn
- Mr. Michael Louis Levin C.F.A. · Vice President of Investor RelationsFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.0 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The surviving claims show revenue of $ 7,376,000,000 in Q2 2026 (fiscal quarter ended 2026-06-30), up from $ 6,432,000,000 in Q1 2026 (fiscal quarter ended 2026-03-31) and $ 4,840,000,000 in Q2 2025 (fiscal quarter ended 2025-06-30). Gross profit rose to $ 1,384,000,000 in Q2 2026 from $ 1,271,000,000 in Q1 2026 and $ 1,064,000,000 in Q2 2025, while calculated gross margin compressed from about 21.99% in Q2 2025 to about 18.76% in Q2 2026.
Net income increased to $ 310,000,000 in Q2 2026 from $ 250,000,000 in Q1 2026 and $ 183,000,000 in Q2 2025. Cash and cash equivalents rose to $ 2,630,000,000 as of 2026-06-30, long-term noncurrent debt was about $ 4,854,000,000 as of 2026-06-30, the trailing twelve-month P/E is 13.8 on EPS of 5.23, and operating cash flow over the trailing twelve months is $ 374,000,000.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue was $7,376,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), up from $6,432,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and up from $4,840,000,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo).
XBRL companyfacts · 0001690820-26-000055Gross profit was $1,384,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), $1,271,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo), and $1,064,000,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo).
XBRL companyfacts · 0001690820-26-000055Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
On August 14, 2026 the company entered into a Credit Agreement providing a $1.66 billion senior secured Term Loan B facility maturing August 14, 2033.
8-K filed 2026-08-14The Credit Agreement filed August 14, 2026 states the net proceeds are expected to be used to redeem or repay in whole the companys outstanding 2030 Secured Notes, with $1.0 billion of those notes fixed for redemption on August 15, 2026 and the remaining outstanding principal fixed for redemption on August 22, 2026.
8-K filed 2026-08-14Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Momentum is mixed: 3-month momentum is +10.0% and 6-month momentum is +13.1%, while 12_1 momentum is -15.3% (cross-sectional ranks: 6-month momentum is 67th percentile, 12_1 momentum is 18th percentile of a 547-stock universe).
Moneyta signal set · 2026-09-01weakened in debateVolatility is high: 30-day annualized volatility is +63.6% and 90-day annualized volatility is +59.6%, with the 90-day volatility at the 81th percentile of the 547-stock universe.
Moneyta signal set · 2026-09-01Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
The latest reported 13F quarter (as of 2026-03-31) shows total institutional reported value of "$50.82B" for holders in this filing, a quarter-over-quarter value change of -26.6% and a holder count decline of 85.
13F holdings · 788 filers · as of 2026-03-31Top reported institutional holders in the 2026-03-31 13F period included BlackRock, Inc. at "$3.63B", Capital Research Global Investors at "$3.41B", and VANGUARD CAPITAL MANAGEMENT LLC at "$2.83B".
13F holdings · 788 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Root issued a new warrant covering 8.5% of Class A shares that replaces Carvana’s long-term warrants, according to a September 2, 2026 headline.
News · kalkinemedia.com · 2026-09-02Root and Carvana extended their exclusive embedded insurance agreement; the press release states the partnership has sold more than 200,000 policies, per the September 1, 2026 announcements.
News · globenewswire.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
On 14 August 2026, Director QUAYLE J DANFORTH reported a sale of 14,525 shares for "$1.1M" under a stated 10b5-1 plan and a contemporaneous code M acquisition valued "$44k".
Form 4 · QUAYLE J DANFORTH (Director) · $44k code M · 2026-08-14Director PLATT IRA J. reported sales of 15,000 shares on 13 August 2026 and 15,000 shares on 14 August 2026, each reported at "$1.1M" (two separate filings), with accompanying code M entries valued "$45k" on both dates.
Form 4 · PLATT IRA J. (Director) · $45k code M · 2026-08-14Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month price/earnings ratio reported is 13.8.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month earnings per share (EPS) is 5.23.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-filed metrics point to strengthening core operations: sequential and year-over-year revenue growth (fundamentals-0) accompanied by rising net income (fundamentals-3) and expanding cash balances (fundamentals-4) indicate improving profitability on an absolute basis, while long-term debt has declined year-over-year (fundamentals-5). Management disclosures show substantial retail unit growth and expanded operational reach (filings-3, filings-4), and recent filings describe a Term Loan B that will be used to redeem near-term 2030 secured notes (filings-0, filings-1), which addresses financing runway concerns. Market and ownership signals that critics emphasize (volatility, elevated beta, institutional reported value decline, insider sales) are observable but do not contradict the company-filed evidence of revenue, earnings, cash, and operational scale; ETFs and increased positions by some active managers provide additional, though smaller, pockets of supportive ownership (ownership-2, news-4). Taken together, the strongest evidence items are company SEC filings and audited financials (high strength) showing growth in sales, profits, liquidity, and actions to reshape the debt profile, while market-noise items (high volatility, drawdown, insider transaction headlines) are weaker counterpoints in that they reflect market positioning or timing rather than fundamental operational deterioration.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.31
37 surviving claims rest on 18 distinct sources; the heaviest analyst carries 16% of them, and 99% of what the desk raised survived the debate.
The evidence set shows moderate breadth (37 claims from 18 sources) but some analyst concentration (the largest analyst carries 16% of surviving claims) and very high internal survivorship (99% survived debate). Together, this implies the read is information-rich but not immune to single-analyst bias; treat conclusions as informative but assign limited weight until independently rechecked or corroborated by additional, diverse sources.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
20 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
12 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.5 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
10 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.6 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on CVNA Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.