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Benzinga
Benzinga
Business
Surbhi Jain

Carvana's S&P 500 Jump Delivers Over $500 Million Windfall To Viking And Coatue

Carvana Coatue Andreas Halvorsen Philippe Laffont CVNA
carvana gemini

Carvana Co's (NYSE:CVNA) leap into the S&P 500 didn't just trigger a premarket surge — it delivered a staggering payday to two of the hedge fund world's most influential investors. Viking Global's Andreas Halvorsen and Coatue founder Philippe Laffont are now sitting on an estimated $540 million in paper profits, after aggressively adding to their Carvana stakes ahead of the stock's breakout run.

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