Aigen Investment Management LP Trims Stock Holdings in Carvana Co. (NYSE:CVNA)

Aigen Investment Management LP trimmed its stake in Carvana Co. (NYSE:CVNA - Free Report) by 71.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,758 shares of the company's stock after selling 9,351 shares during the period. Aigen Investment Management LP's holdings in Carvana were worth $764,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC grew its holdings in Carvana by 3.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after acquiring an additional 51 shares during the period. Bleakley Financial Group LLC grew its holdings in Carvana by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after acquiring an additional 65 shares during the period. Global Retirement Partners LLC grew its holdings in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after acquiring an additional 78 shares during the period. Nisa Investment Advisors LLC grew its holdings in Carvana by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company's stock worth $5,657,000 after acquiring an additional 86 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Carvana by 37.6% during the 4th quarter. Fifth Third Bancorp now owns 322 shares of the company's stock worth $65,000 after acquiring an additional 88 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

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Carvana Stock Up 0.7 %

NYSE CVNA traded up $1.34 during trading hours on Friday, hitting $188.19. The company's stock had a trading volume of 8,347,166 shares, compared to its average volume of 4,293,713. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a market capitalization of $40.11 billion, a PE ratio of 119.86 and a beta of 3.56. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company's 50-day simple moving average is $231.41 and its two-hundred day simple moving average is $213.67.

Carvana (NYSE:CVNA - Get Free Report) last posted its 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 firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.32 billion. Research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 28,422 shares of Carvana stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 $63,536,023.70. This trade represents a 11.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ira J. Platt sold 25,000 shares of Carvana stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $244.30, for a total transaction of $6,107,500.00. Following the transaction, the director now directly owns 5,227 shares in the company, valued at approximately $1,276,956.10. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,629 shares of company stock valued at $30,866,419 in the last 90 days. 17.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of recent analyst reports. Citigroup increased their price target on Carvana from $277.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Robert W. Baird increased their price target on Carvana from $200.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Royal Bank of Canada increased their price target on Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. DA Davidson raised their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their target price on Carvana from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $265.94.

About Carvana

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.