Frank Sands's CVNA Position Overview
Frank Sands (via Sands Capital Management, LLC) currently holds 10.59 M shares of Carvana Co. (CVNA) worth $665.62 M, representing 2.61% of the portfolio. First purchased in 2021-Q2, this medium-term investment has been held for 9 quarters.
Based on 13F filings, Frank Sands has maintained a strategic position in CVNA, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2025, adding 4.2 M shares. Largest reduction occurred in Q1 2022, reducing 5.98 M shares.
Analysis based on 13F filings available since 2013 Q2
Frank Sands's Carvana Co (CVNA) Holding Value Over Time
Track share changes against reported price movement
Quarterly Carvana Co (CVNA) Trades by Frank Sands
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -1.63 M | Reduce 13.32% | 10.59 M | $62.88 |
| Q4 2025 | +3.76 M | Add 44.40% | 12.21 M | $84.40 |
| Q3 2025 | +3.95 M | Add 87.69% | 8.46 M | $75.45 |
| Q2 2025 | +4.2 M | Add 1374.26% | 4.51 M | $67.39 |
| Q1 2025 | +61,131 | New Buy | 305,655 | $41.82 |
| Q1 2022 | -5.98 M | Sold Out | 0 | $0.00 |
| Q4 2021 | -221,595 | Reduce 3.57% | 5.98 M | $46.36 |
| Q3 2021 | -45,995 | Reduce 0.74% | 6.21 M | $60.31 |
| Q2 2021 | +1.25 M | New Buy | 6.25 M | $60.36 |
Frank Sands's Carvana Co Investment FAQs
Frank Sands first purchased Carvana Co. (CVNA) in Q2 2021, acquiring 6,252,460 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Frank Sands has held Carvana Co. (CVNA) for 9 quarters since Q2 2021.
Frank Sands's largest addition to Carvana Co. (CVNA) was in Q2 2025, adding 4,506,135 shares worth $303.68 M.
According to the latest 13F filing for Q1 2026, Frank Sands's firm, Sands Capital Management, LLC, owns 10,586,240 shares of Carvana Co. (CVNA), valued at approximately $665.62 M.
As of the Q1 2026 filing, Carvana Co. (CVNA) represents approximately 2.61% of Frank Sands's publicly disclosed stock portfolio, making it one of their key holdings.
Frank Sands's peak holding in Carvana Co. (CVNA) was 12,212,670 shares, as reported at the end of Q4 2025.