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flag Texas' Teacher Retirement System cut Carvana holdings by nearly 69%, despite the company beating Q4 earnings.

flag The Teacher Retirement System of Texas reduced its holdings in Carvana Co. by 69.2%, now owning 8,198 shares worth $1,667,000. flag Carvana, an e-commerce platform for buying and selling used cars, beat Q4 earnings estimates, reporting $0.56 per share and $3.55 billion in revenue. flag Insiders have recently sold shares, including CFO Mark W. Jenkins and COO Benjamin E. Huston. flag Morgan Stanley upgraded Carvana's rating and increased its price target to $280.00.

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