Colonial River Investments LLC Grows Stock Position in Carvana Co. (NYSE:CVNA)

Colonial River Investments LLC grew its holdings in shares of Carvana Co. (NYSE:CVNA) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,785 shares of the company’s stock after purchasing an additional 270 shares during the quarter. Colonial River Investments LLC’s holdings in Carvana were worth $973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after acquiring an additional 5,882,656 shares in the last quarter. State Street Corp increased its holdings in Carvana by 6.1% in the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company’s stock worth $326,893,000 after acquiring an additional 107,610 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carvana by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock worth $315,133,000 after acquiring an additional 131,059 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in Carvana in the 3rd quarter worth approximately $162,953,000. Finally, Holocene Advisors LP increased its holdings in Carvana by 108.2% in the 3rd quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock worth $96,476,000 after acquiring an additional 287,983 shares in the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Carvana Stock Down 9.9 %

NYSE CVNA opened at $223.14 on Monday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company has a market capitalization of $46.33 billion, a P/E ratio of 142.13 and a beta of 3.37. Carvana Co. has a one year low of $49.38 and a one year high of $292.84. The stock has a 50 day moving average price of $234.35 and a 200-day moving average price of $208.84.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, equities analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Mark W. Jenkins sold 28,422 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the completion of the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at $63,536,023.70. This trade represents a 11.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Gill sold 44,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the sale, the insider now owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. This represents a 18.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 173,629 shares of company stock worth $44,833,799 over the last three months. 17.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CVNA. Robert W. Baird increased their target price on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada increased their target price on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday. William Blair restated an “outperform” rating on shares of Carvana in a research note on Thursday. Morgan Stanley upgraded Carvana from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $110.00 to $260.00 in a research note on Tuesday, November 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $265.06.

Carvana Company Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.