Morgan Stanley Amends Carvana Stake, Signals Continued Institutional Interest
Ticker: CVNA · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-holding
Related Tickers: CVNA
TL;DR
**Morgan Stanley still holds Carvana stock, signaling institutional confidence.**
AI Summary
Morgan Stanley filed an amended Schedule 13G/A on February 12, 2024, indicating its ownership of Carvana Co. Class A Common Stock as of December 31, 2023. This amendment (Amendment No. 6) updates previous disclosures, showing that Morgan Stanley continues to hold a significant, though not necessarily increased, stake in the online used car retailer. This matters to investors because large institutional holdings like Morgan Stanley's can signal confidence in Carvana's long-term prospects, potentially influencing stock stability and investor sentiment.
Why It Matters
This filing confirms Morgan Stanley's ongoing institutional investment in Carvana, which can be seen as a vote of confidence and may influence other investors' perceptions of the stock's stability and future potential.
Risk Assessment
Risk Level: low — This filing is a routine update of an institutional holding and does not indicate any immediate negative or highly volatile event for Carvana.
Analyst Insight
A smart investor would note Morgan Stanley's continued holding as a sign of institutional confidence, but would still conduct their own due diligence on Carvana's financials and market position before making any investment decisions.
Key Numbers
- 146869102 — CUSIP Number (Unique identifier for Carvana Co. Class A Common Stock)
- 0000895421-24-000221 — Accession Number (Unique identifier for this specific SEC filing)
- 0001690820 — Carvana's CIK (Central Index Key for Carvana Co.)
- 0000895421 — Morgan Stanley's CIK (Central Index Key for Morgan Stanley)
- 005-89974 — SEC File Number (SEC file number for Carvana Co.)
Key Players & Entities
- Morgan Stanley (company) — filer of the SC 13G/A, an institutional investor
- Carvana Co. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 6 (number) — identifies this as the sixth amendment to Morgan Stanley's Schedule 13G filing for Carvana
Forward-Looking Statements
- Morgan Stanley will maintain a significant stake in Carvana Co. throughout 2024. (Morgan Stanley) — medium confidence, target: December 31, 2024
- Carvana Co.'s stock price will experience increased stability due to continued institutional interest. (Carvana Co.) — low confidence, target: June 30, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 6, as stated in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Morgan Stanley, as indicated in the 'FILED BY' section of the filing.
What company's stock is the subject of this filing?
The subject company is CARVANA CO., and the filing pertains to its Class A Common Stock, as stated under 'Name of Issuer' and 'Title of Class of Securities'.
What was the 'Date Of Event which Requires Filing of this Statement'?
The 'Date Of Event which Requires Filing of this Statement' was December 31, 2023, according to the filing.
What is the CUSIP number for 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.
From the Filing
EDGAR Filing Documents for 0000895421-24-000221 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. 0000895421-24-000221 Filing Date 2024-02-12 Accepted 2024-02-12 13:17:01 Documents 1 Document Format Files Seq Description Document Type Size 1 MS AMENDMENT CarvanaCVNA.txt SC 13G/A 15750 Complete submission text file 0000895421-24-000221.txt 17561 Mailing Address 1585 BROADWAY NEW YORK NY 10036 Business Address 1585 BROADWAY NEW YORK NY 10036 212-761-4000 MORGAN STANLEY (Filed by) CIK : 0000895421 (see all company filings) EIN. : 363145972 | 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.: 24618866 SIC : 5500 Retail-Auto Dealers & Gasoline Stations (CF Office: 07 Trade & Services)