Goldman Sachs Amends Carvana Stake as of Dec 29, 2023
Ticker: CVNA · Form: SC 13G/A · Filed: 2024-02-01T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-holdings
Related Tickers: CVNA
TL;DR
**Goldman Sachs updated its Carvana holdings, signaling ongoing institutional interest.**
AI Summary
Goldman Sachs Group Inc. filed an amended Schedule 13G/A on February 1, 2024, indicating a change in their beneficial ownership of Carvana Co.'s Class A Common Stock as of December 29, 2023. This filing updates their previous disclosure, showing their continued, though potentially adjusted, investment in the online used car retailer. For investors, this matters because Goldman Sachs is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Carvana's future performance.
Why It Matters
This filing shows that a major financial institution, Goldman Sachs, is still actively managing its investment in Carvana, which can influence market perception and investor sentiment.
Risk Assessment
Risk Level: low — An amended 13G filing is a routine disclosure of institutional ownership changes and doesn't inherently signal high risk.
Analyst Insight
An investor should note that a major institution like Goldman Sachs is still involved with Carvana, but this filing alone doesn't provide details on the magnitude of their current stake or whether it increased or decreased, so further investigation into their specific holdings (if available) would be prudent.
Key Numbers
- 146869102 — CUSIP Number (identifies Carvana Co.'s Class A Common Stock, ensuring accurate tracking of the securities.)
- 005-89974 — SEC FILE NUMBER (Carvana Co.'s SEC file number, used for regulatory tracking.)
Key Players & Entities
- Goldman Sachs Group Inc. (company) — the entity filing the SC 13G/A, reporting its ownership in Carvana Co.
- CARVANA CO. (company) — the subject company whose Class A Common Stock is being reported on.
- December 29, 2023 (date) — the date of the event which required the filing of this statement.
- $0.001 (dollar_amount) — the par value per share of Carvana Co.'s Class A Common Stock.
Forward-Looking Statements
- Goldman Sachs will continue to be a significant institutional holder of Carvana Co. stock. (Goldman Sachs Group Inc.) — medium confidence, target: Q2 2024
FAQ
What type of stock did Goldman Sachs report ownership in for Carvana Co.?
Goldman Sachs Group Inc. reported ownership in Carvana Co.'s Class A Common Stock, with a par value of $0.001 per share, as stated in the filing under 'Title of Class of Securities'.
What was the specific date that triggered this SC 13G/A filing by Goldman Sachs?
The date of the event which required the filing of this statement was December 29, 2023, as explicitly mentioned in the filing.
Under which SEC rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b), indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.
What is the CUSIP number associated with the securities reported in this filing?
The CUSIP Number for the Class A Common Stock of Carvana Co. is 146869102, as listed in the filing.
What is the business address of the filer, Goldman Sachs Group Inc.?
The business address for Goldman Sachs Group Inc. is 200 WEST STREET, NEW YORK, NY 10282, according to the 'BUSINESS ADDRESS' section for the filed by entity.
From the Filing
EDGAR Filing Documents for 0000769993-24-000007 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000769993-24-000007 Filing Date 2024-02-01 Accepted 2024-02-01 14:53:47 Documents 1 Document Format Files Seq Description Document Type Size 1 Carvana.txt SC 13G/A 21938 Complete submission text file 0000769993-24-000007.txt 23653 Mailing Address 200 WEST STREET NEW YORK NY 10282 Business Address 200 WEST STREET NEW YORK NY 10282 212-902-1000 GOLDMAN SACHS GROUP INC (Filed by) CIK : 0000886982 (see all company filings) EIN. : 134019460 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 300 E. RIO SALADO PARKWAY TEMPE AZ 85281 Business Address 300 E. RIO SALADO PARKWAY TEMPE AZ 85281 (480) 719-8809 CARVANA CO. (Subject) CIK : 0001690820 (see all company filings) EIN. : 814549921 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-89974 | Film No.: 24586373 SIC : 5500 Retail-Auto Dealers & Gasoline Stations (CF Office: 07 Trade & Services)