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In its second-quarter 2026 investor letter, Octahedron Capital highlighted Carvana Co. (NYSE:CVNA). Carvana Co. (NYSE:CVNA) is a US-based used car retailer that operates an e-commerce platform. On September 08, 2026, Carvana Co. (NYSE:CVNA) closed at $74.72 per share. Over the past month, Carvana Co. (NYSE:CVNA) returned 3.09%, and its shares are up 2.32% over the past year. Carvana Co. (NYSE:CVNA) has a market capitalization of $82.82 billion, and its stock has traded within a 52-week range of $54.46 to $97.38.
Octahedron Capital stated the following regarding Carvana Co. (NYSE:CVNA) in its Q2 2026 investor letter:
Carvana Co. (NYSE:CVNA) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 87 hedge fund portfolios held Carvana Co. (NYSE:CVNA) at the end of the second quarter, compared to 79 in the previous quarter. While we acknowledge the potential of Carvana Co. (NYSE:CVNA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we discussed Carvana Co. (NYSE:CVNA) and shared Optimist Fund's views on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.