Jane Street Group Discloses Passive Stake in Carvana (CVNA)
Ticker: CVNA · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, form-13G
TL;DR
**Jane Street Group reported a passive stake in Carvana, holding 0 shares with sole voting power as of year-end 2023.**
AI Summary
Jane Street Group, LLC, a Delaware-organized entity, filed an SC 13G on February 9, 2024, disclosing its beneficial ownership of Carvana Co. (CVNA) common stock as of December 31, 2023. The filing indicates Jane Street Group holds 0 shares with sole voting power, suggesting a passive investment or a change in their holdings below the reporting threshold for active management. This matters to investors as it provides transparency into institutional ownership, showing Jane Street Group's position in Carvana, even if it's a passive or reduced stake.
Why It Matters
This filing provides transparency into institutional ownership, showing Jane Street Group's position in Carvana, which can influence market perception and trading activity.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate financial risk or significant change in company operations.
Analyst Insight
Investors should note that Jane Street Group, LLC, a significant institutional player, is reporting a passive stake with 0 shares of sole voting power in Carvana. This could imply they've either reduced their active stake below reporting thresholds or hold shares without direct voting control, which might be a signal of their current view on the stock's short-term prospects or a rebalancing of their portfolio.
Key Numbers
- 0 — Sole voting power shares (Number of shares beneficially owned by Jane Street Group, LLC with sole voting power in Carvana Co.)
Key Players & Entities
- Jane Street Group, LLC (company) — the reporting person and institutional investor
- Carvana Co. (company) — the subject company whose securities are being reported
- Delaware (company) — place of organization for Jane Street Group, LLC
- December 31, 2023 (date) — date of event which requires filing of this statement
Forward-Looking Statements
- Jane Street Group, LLC will maintain a passive investment strategy in Carvana Co. for the foreseeable future. (Jane Street Group, LLC) — high confidence, target: December 31, 2024
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by passive institutional investors who own between 5% and 20% of a company's stock, or by certain qualified institutional investors (like Jane Street Group, LLC, filing under Rule 13d-1(b)) who own more than 5% but do not intend to influence control of the company. It provides transparency into significant ownership stakes.
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is Jane Street Group, LLC, a company organized in Delaware, with its business address at 250 Vesey Street, 6th Floor, New York, NY 10281.
What is the subject company whose securities are being reported?
The subject company is Carvana Co., with the CIK 0001690820, and its common stock is the title of the class of securities being reported. Carvana's business address is 300 E. Rio Salado Parkway, Tempe, AZ 85281.
As of what date were the reported holdings accurate?
The date of the event which requires the filing of this statement, and thus the date as of which the holdings are reported, is December 31, 2023.
How many shares with sole voting power does Jane Street Group, LLC report owning in Carvana Co.?
Jane Street Group, LLC reports owning 0 shares with sole voting power in Carvana Co. as of December 31, 2023.
From the Filing
EDGAR Filing Documents for 0001595888-24-000005 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 - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001595888-24-000005 Filing Date 2024-02-09 Accepted 2024-02-09 16:35:46 Documents 1 Group Members JANE STREET CAPITAL, LLCJANE STREET GLOBAL TRADING, LLCJANE STREET OPTIONS, LLC Document Format Files Seq Description Document Type Size 1 CVNA.txt SC 13G 9545 Complete submission text file 0001595888-24-000005.txt 11227 Mailing Address 250 VESEY STREET 6TH FLOOR NEW YORK NY 10281 Business Address 250 VESEY STREET 6TH FLOOR NEW YORK NY 10281 212-651-6069 JANE STREET GROUP, LLC (Filed by) CIK : 0001595888 (see all company filings) EIN. : 901010033 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G 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 | Act: 34 | File No.: 005-89974 | Film No.: 24615615 SIC : 5500 Retail-Auto Dealers & Gasoline Stations (CF Office: 07 Trade & Services)