Amanah Holdings Trust 13F: Exits Carvana (CVNA) Stake

Amanah Holdings Trust completely exited its investment in Carvana Co. CVNA, according to a Form 13F filing disclosed with the SEC on October 23, 2026.

CVNA Carvana Co.

$57.81 ▼ -27.78% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Amanah Holdings Trust's Carvana Position

The fund sold out of its stake entirely during the period, unloading all 91,462 shares it previously owned. With this complete liquidation, the trust's ending share count dropped to zero.

Other Institutional Activity in Carvana Co.

Other major funds adjusted their positions in the used car retailer around the same timeframe. Lone Pine Capital reduced its holdings by 123,095 shares to end with 8,773,545 shares valued at about $559.1 million. Royal Fund Management grew its stake by 35.3%, lifting its holdings by 24,711 shares to a total of 94,711 shares worth about $5.9 million. Capital International Investors boosted its holdings by 6,617,732 shares, or 39.8%, ending with 23,257,742 shares valued at approximately $1.34 billion. D1 Capital Partners L.P. opened a new position with 3,342,160 shares worth about $213.0 million, and CTC initiated a stake of 19,330 shares valued at about $1.2 million.

Carvana Co. Stock Down 2.3%

Carvana shares recently traded around $57.80 on October 24, 2026, roughly matching the closing price of $57.81 on the filing date of October 23, 2026. The stock trades below its 50-day moving average of $66.93 and its 200-day moving average of $70.08. The recent price sits down 40.6% from its 52-week high of $97.38 and up 6.1% from its 52-week low of $54.46.

Recent Earnings

Carvana reported trailing twelve month revenue of $25.06 billion and earnings of $1.88 per share. The company posted a net profit margin of 6.3% and a return on equity of 58.8%. Year-over-year revenue growth stood at 52.4%, and the e-commerce platform carries a price-to-earnings ratio of 31.23, with a forward P/E of 26.16. Investors are looking ahead to the company's next earnings report, which is scheduled for October 28, 2026.

Insider Buying and Selling at Carvana Co.

Company insiders completed several transactions in the months leading up to the filing. Chief Financial Officer Mark W. Jenkins sold 63,750 shares on October 1, 2026, for a total value of about $3.9 million. President of Special Projects Thomas Taira sold 5,597 shares at $65.00 apiece on October 12, 2026, totaling about $363,805 under a planned trading arrangement, following an earlier sale of 16,789 shares valued at about $1.2 million on September 14, 2026. Officer Stephen R. Palmer also sold 5,000 shares valued at $308,203 on October 1, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing date. Stephens & Co. maintained an Overweight rating on October 6, 2026, while lowering its target from $91.50 to $83.00. Barclays also maintained an Overweight rating on October 6, 2026, trimming its target from $93.00 to $80.00. BTIG reiterated a Buy rating with an unchanged target of $87.00 on October 9, 2026. Morgan Stanley maintained an Overweight rating on October 15, 2026, moving its target from $90.00 to $88.00. Wells Fargo maintained an Overweight rating on October 23, 2026, and lowered its target from $80.00 to $75.00. Overall, the stock carries a consensus buy recommendation with a mean price target of $82.19 across 21 analyst opinions.

About Carvana Co.

Headquartered in Tempe, Arizona, Carvana operates an e-commerce platform for buying and selling used vehicles. The company provides online shopping tools, vehicle inspection and reconditioning, financing, and logistics network services alongside physical auction sites.

Bottom Line

Market participants will be watching the upcoming earnings release on October 28, 2026, for further updates on the company's retail growth and profitability margins.