In this article, we will take a look at the top 5 stock picks of Leon Shaulov’s Maplelane Capital. If you want to read our comprehensive analysis of the history, investment philosophy, and hedge fund preference of Leon Shaulov’s Maplelane Capital, you can head over to Top 10 Stock Picks of Leon Shaulov’s Maplelane Capital.
5. Carvana Co. (NYSE:CVNA)
Maplelane Capital’s Stake Value: $6.687 million
Percentage of Maplelane Capital’s 13F Portfolio: 0.22%
Number of Hedge Fund Holders as of Q3 2021: 58
In October 2021, the Arizona-based online used car retailer announced a partnership with Hertz in which the latter would use Carvana Co. (NYSE:CVNA) as its vehicle disposition channel. At the strategic move, Sharon Zackfia, an analyst at William Blair, declared that the partnership would boost Carvana Co. (NYSE:CVNA)’s inventory breadth and sales.
Announced on November 4, the company’s revenue for the third quarter of 2021 was $3.48 billion, beating consensus by $210 million. However, its EPS for Q3 2021 was -$0.38 which missed estimates by $0.10. Due to the miss, on the same day, Chris Pierce, an analyst at Needham, lowered his price target on Carvana Co. (NYSE:CVNA) to $378 from $421 yet kept a “Buy” rating on the stock.
Carvana Co. (NYSE:CVNA) is one of the newest stocks in Leon Shaulov’s portfolio. At the end of the third quarter of 2021, Maplelane Capital held over 22,000 shares of Carvana Co. (NYSE:CVNA) worth more than $6 million. Overall, at the end of Q3, 58 funds out of the 867 funds tracked by Insider Monkey held stakes in Carvana Co. (NYSE:CVNA) worth over $8 billion, down from 63 by the end of Q2.