In a recent 13F filing from August 14, 2026, Scott Ferguson's Sachem Head revealed a significant increase in its position in Carvana (CVNA). The firm boosted its holdings by over 466%, from 790,000 shares to 4.47 million shares, during the second quarter of 2026. This raised the total value of Sachem Head's stake in the online auto retailer to approximately $294.54 million. It's important to note that 13F filings disclose positions from the end of the previous quarter, so these trades occurred between April 1 and June 30, 2026.
The increased investment coincided with a strong performance period for Carvana, which reported record second-quarter financial results on July 29, 2026. The company announced all-time highs in quarterly revenue, net income, and adjusted EBITDA, and provided an optimistic outlook for the rest of the year. This substantial purchase by the value-oriented investment firm signals a strong vote of confidence in the online car retailer's trajectory.