Banco BTG Pactual S.A. Acquires Shares of 1,665 Carvana Co. (NYSE:CVNA)

Banco BTG Pactual S.A. acquired a new stake in Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,665 shares of the company's stock, valued at approximately $332,000.

Several other hedge funds have also recently bought and sold shares of CVNA. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Carvana during the fourth quarter worth about $10,672,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Carvana during the 4th quarter worth approximately $319,000. EntryPoint Capital LLC lifted its stake in Carvana by 20.3% in the 4th quarter. EntryPoint Capital LLC now owns 2,532 shares of the company's stock valued at $515,000 after buying an additional 428 shares in the last quarter. Prudential Financial Inc. lifted its stake in Carvana by 204.1% in the 4th quarter. Prudential Financial Inc. now owns 405,462 shares of the company's stock valued at $82,455,000 after buying an additional 272,114 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after buying an additional 610,234 shares during the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carvana

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at $35,033,660.22. This represents a 20.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, the insider now directly owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,377 shares of company stock valued at $44,251,096 over the last three months. 17.12% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $320.00 price objective on shares of Carvana in a research report on Monday, December 16th. Stephens restated an "overweight" rating and issued a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. DA Davidson boosted their price objective on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Evercore ISI decreased their target price on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research report on Tuesday, March 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $340.00 price target on shares of Carvana in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $261.53.

Carvana Stock Up 2.3 %

CVNA opened at $209.15 on Tuesday. The company has a market cap of $44.58 billion, a PE ratio of 133.21 and a beta of 3.56. 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 1 year low of $67.61 and a 1 year high of $292.84. The firm has a 50 day moving average price of $226.82 and a 200 day moving average price of $218.57.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Sell-side analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

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.