• Carvana (CVNA) is trading 4.4% up at $68.75, boosted by a significant new investment and rebounding after recent index-related pressure.
  • Capricorn Fund Managers Ltd acquired a new stake of $29.87 million in Carvana during the first quarter, making it their largest position.
  • The company is also seeing a relief bounce following its recent removal from the Russell Midcap Index, coupled with positive analyst sentiment and strong prior quarterly results.