Blueshift Asset Management LLC Takes Position in Carvana Co. (NYSE:CVNA)

Blueshift Asset Management LLC bought a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,562 shares of the company's stock, valued at approximately $724,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CVNA. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Carvana during the third quarter valued at approximately $439,000. CIBC Asset Management Inc grew its position in Carvana by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,366 shares of the company's stock valued at $586,000 after acquiring an additional 115 shares during the period. Empowered Funds LLC acquired a new position in Carvana during the third quarter worth $494,000. Natixis Advisors LLC lifted its holdings in shares of Carvana by 2.6% during the third quarter. Natixis Advisors LLC now owns 80,885 shares of the company's stock valued at $14,083,000 after acquiring an additional 2,054 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Carvana by 6.9% in the 3rd quarter. Swiss National Bank now owns 207,900 shares of the company's stock valued at $36,197,000 after purchasing an additional 13,400 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

Carvana Trading Up 11.9 %

Shares of NYSE CVNA traded up $22.66 during mid-day trading on Monday, hitting $213.61. The company's stock had a trading volume of 5,083,029 shares, compared to its average volume of 3,862,168. Carvana Co. has a one year low of $67.61 and a one year high of $292.84. The company's fifty day simple moving average is $227.95 and its 200-day simple moving average is $215.96. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The stock has a market cap of $45.53 billion, a price-to-earnings ratio of 136.06 and a beta of 3.56.

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Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. 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. Piper Sandler raised shares of Carvana from a "neutral" rating to an "overweight" rating and set a $225.00 price objective for the company in a report on Thursday. Evercore ISI reduced their target price on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a report on Tuesday, March 11th. William Blair reaffirmed an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Carvana from $350.00 to $365.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $262.71.

Insider Transactions at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the transaction, the chief operating officer now owns 196,278 shares of the company's stock, valued at $35,033,660.22. This trade represents a 20.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the transaction, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $55,016,895.44. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,784 shares of company stock worth $27,524,344 in the last three months. Insiders own 17.12% of the company's stock.

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.