Carvana Co. (NYSE:CVNA) Stake Raised by Entropy Technologies LP

Entropy Technologies LP boosted its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 428.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,541 shares of the company's stock after buying an additional 19,087 shares during the quarter. Entropy Technologies LP's holdings in Carvana were worth $4,099,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its stake in Carvana by 3.8% in the third quarter. Forum Financial Management LP now owns 2,071 shares of the company's stock valued at $361,000 after purchasing an additional 76 shares in the last quarter. Empirical Asset Management LLC grew its stake in shares of Carvana by 2.0% during the 3rd quarter. Empirical Asset Management LLC now owns 5,109 shares of the company's stock valued at $890,000 after acquiring an additional 100 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Carvana by 6.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company's stock valued at $402,000 after acquiring an additional 130 shares during the period. CWM LLC raised its holdings in shares of Carvana by 19.5% during the 2nd quarter. CWM LLC now owns 883 shares of the company's stock worth $114,000 after acquiring an additional 144 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Carvana by 32.8% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the company's stock valued at $106,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 56.71% of the company's stock.

Carvana Stock Down 1.3 %

NYSE CVNA traded down $3.36 on Tuesday, reaching $246.70. The company had a trading volume of 1,929,450 shares, compared to its average volume of 4,762,443. The firm has a market capitalization of $51.22 billion, a PE ratio of 25,027.03 and a beta of 3.37. Carvana Co. has a 1 year low of $27.75 and a 1 year high of $259.39. The firm has a 50-day moving average of $184.61 and a 200-day moving average of $145.72. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $0.23 earnings per share. The business's revenue was up 31.8% on a year-over-year basis. On average, equities research analysts anticipate that Carvana Co. will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Carvana news, Director Ira J. Platt sold 664 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $150.00, for a total value of $99,600.00. Following the sale, the director now directly owns 30,227 shares of the company's stock, valued at $4,534,050. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Ira J. Platt sold 664 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $150.00, for a total value of $99,600.00. Following the completion of the transaction, the director now owns 30,227 shares of the company's stock, valued at approximately $4,534,050. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 208,495 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.43, for a total value of $46,792,532.85. Following the completion of the transaction, the chief financial officer now directly owns 90,732 shares of the company's stock, valued at approximately $20,362,982.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,727,913 shares of company stock valued at $483,483,922 over the last three months. Company insiders own 17.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. TD Cowen raised their target price on Carvana from $110.00 to $148.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. BTIG Research boosted their target price on Carvana from $155.00 to $188.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Royal Bank of Canada upgraded Carvana to a "sector perform" rating and upped their price target for the stock from $166.00 to $170.00 in a report on Monday, August 19th. DA Davidson increased their target price on Carvana from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group increased their target price on Carvana from $150.00 to $185.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $217.71.

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.