SCHEDULE: FMR LLC Discloses 5.2% Stake in Carvana

FMR LLC and Abigail P. Johnson have reported beneficial ownership of 7,446,815.22 shares, representing 5.2% of Carvana Co.'s Class A Common Stock as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, indicating their beneficial ownership of Carvana Co. Class A Common Stock.
• The filing reports a total of 7,446,815.22 shares owned, which constitutes 5.2% of the outstanding Class A Common Stock.
• This ownership stake was reported as of March 31, 2026.
• FMR LLC is classified as a holding company (HC), while Abigail P. Johnson is classified as an individual investor (IN).
• The filing indicates that FMR LLC has sole voting power over 6,918,198.34 shares and sole dispositive power over 7,446,815.22 shares.
• Abigail P. Johnson has sole dispositive power over 7,446,815.22 shares, with no shared voting or dispositive power reported for either entity.
• The filing also notes that one or more other persons have the right to receive or direct the sale of shares, but no single other person's interest exceeds five percent.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It indicates a significant passive investment by a major financial institution, which can be seen as a positive signal, but it does not provide operational or financial performance updates for Carvana itself.

Positives

• FMR LLC, a significant investment management firm, has taken a notable stake in Carvana, potentially signaling confidence in the company's future prospects.
• The reporting of a 5.2% stake indicates a substantial investment, which could lead to increased institutional interest in Carvana's stock.

Negatives

• The filing is a Schedule 13G, which is typically filed by passive investors, suggesting FMR LLC's current investment is not intended to influence or control Carvana's management.
• No specific strategic initiatives or operational improvements are detailed in this filing, as it primarily concerns ownership disclosure.

Risks

• The filing does not explicitly detail risks associated with Carvana's business operations or the investment itself.
• Potential future changes in FMR LLC's investment strategy could impact Carvana's stock price.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance from Carvana Co. or the reporting persons regarding future performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that FMR LLC's investment in Carvana, a prominent online used car retailer, aligns with broader trends of institutional investors seeking exposure to disruptive business models in the automotive sector. However, the online used car market faces ongoing challenges related to inventory management, logistics, and evolving consumer preferences.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by FMR LLC may be viewed positively by some shareholders, potentially indicating institutional confidence. However, it does not directly impact current operations or immediate share value.
• Management: The filing confirms FMR LLC's passive investment approach, meaning they are not seeking to influence control, which provides clarity to Carvana's management regarding their shareholder base.
• Creditors: No direct impact on creditors is indicated by this ownership disclosure.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership of Carvana Co. Class A Common Stock.
• Future filings will be made if changes in beneficial ownership occur that trigger reporting requirements.

Key Dates

Keywords

Carvana, FMR LLC, Abigail P. Johnson, Schedule 13G, Class A Common Stock, Beneficial Ownership, Investment, SEC Filing, Automotive Retail, Online Car Sales