Carvana Co. (NYSE:CVNA) Stock Position Increased by BIT Capital GmbH

BIT Capital GmbH boosted its position in shares of Carvana Co. (NYSE:CVNA) by 53.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,027 shares of the company’s stock after buying an additional 359 shares during the period. BIT Capital GmbH’s holdings in Carvana were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of 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 purchasing an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in Carvana during the third quarter worth approximately $162,953,000. Vanguard Group Inc. grew its position in Carvana by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after buying an additional 610,234 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Carvana by 1,454.1% in the third quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock valued at $93,754,000 after buying an additional 503,824 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Carvana during the 4th quarter valued at $60,866,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now owns 219,962 shares of the company’s stock, valued at approximately $63,536,023.70. This represents a 11.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now owns 196,278 shares of the company’s stock, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,377 shares of company stock worth $44,251,096 over the last three months. Corporate insiders own 17.12% of the company’s stock.

Carvana Trading Down 7.5 %

Shares of NYSE CVNA opened at $205.12 on Thursday. The stock has a market cap of $43.72 billion, a price-to-earnings ratio of 130.65 and a beta of 3.56. The business has a 50 day simple moving average of $228.32 and a 200 day simple moving average of $216.50. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. Morgan Stanley raised shares of Carvana from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $260.00 to $280.00 in a research note on Tuesday. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Stephens restated an “overweight” rating and issued a $300.00 price target on shares of Carvana in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $263.88.

Carvana 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.