Sands Capital released its Q2 2025 investor letter, noting U.S. large-cap growth equities rebounded with a 27.7% return in the quarter, outperforming the Russell 1000 Growth Index. Carvana Co. (NYSE:CVNA) was a highlighted stock in the letter, with a one-month return of 1.62% and shares up 138.95% over the last 52 weeks.

The letter mentioned that Sands Capital initiated positions in Carvana Co. (NYSE:CVNA) and Arthur J. Gallagher (AJG), praising Carvana’s market share growth in the used-car market. Carvana Co. (NYSE:CVNA) closed at $365.35 per share on September 15, 2025, with a market capitalization of $42.727 billion.

In a separate article, 91 hedge fund portfolios held Carvana Co. (NYSE:CVNA) at the end of the second quarter. While acknowledging Carvana’s potential, Sands Capital also highlighted other AI stocks with greater upside potential. ClearBridge Mid Cap Growth Strategy re-established a position in Carvana (NYSE:CVNA) due to its successful restructuring and growth strategy.

For more information on hedge fund investor letters and the best automotive stocks to buy according to hedge funds, visit the provided links. Sands Capital’s Q2 2025 investor letter and Carvana Co. (NYSE:CVNA) were featured in various articles highlighting the company’s growth and potential in the market.

Read more at Yahoo Finance: What Makes Carvana (CVNA) an Investment Bet?