3,190 Shares in Carvana Co. (NYSE:CVNA) Bought by Centiva Capital LP

Centiva Capital LP bought a new stake in Carvana Co. (NYSE:CVNA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,190 shares of the company's stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company's stock worth $2,152,311,000 after buying an additional 5,882,656 shares during the last quarter. Lingotto Investment Management LLP increased its holdings in shares of Carvana by 1.4% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company's stock worth $486,143,000 after acquiring an additional 52,833 shares during the last quarter. Renaissance Technologies LLC raised its stake in Carvana by 12.2% in the 2nd quarter. Renaissance Technologies LLC now owns 813,400 shares of the company's stock valued at $104,701,000 after acquiring an additional 88,500 shares during the period. Driehaus Capital Management LLC lifted its holdings in Carvana by 124.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company's stock valued at $74,888,000 after purchasing an additional 323,153 shares during the last quarter. Finally, Sylebra Capital LLC acquired a new stake in Carvana during the 2nd quarter valued at $67,686,000. 56.71% of the stock is owned by institutional investors.

Carvana Trading Down 1.8 %

CVNA traded down $4.52 during trading on Friday, reaching $251.21. 2,730,660 shares of the company's stock were exchanged, compared to its average volume of 2,256,915. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. Carvana Co. has a one year low of $36.53 and a one year high of $268.34. The firm has a fifty day moving average price of $221.77 and a two-hundred day moving average price of $164.17. The stock has a market capitalization of $52.16 billion, a PE ratio of 25,146.15 and a beta of 3.32.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. The firm's quarterly revenue was up 31.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, equities research analysts forecast that Carvana Co. will post 0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

CVNA has been the subject of several research reports. Piper Sandler raised their price objective on shares of Carvana from $151.00 to $225.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Evercore ISI boosted their price target on Carvana from $240.00 to $245.00 and gave the company an "in-line" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised Carvana to a "sector perform" rating and upped their price objective for the company from $166.00 to $170.00 in a report on Monday, August 19th. Wedbush lifted their target price on Carvana from $150.00 to $175.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Carvana from $230.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Carvana currently has an average rating of "Hold" and an average target price of $220.94.

Insiders Place Their Bets

In other news, COO Benjamin E. Huston sold 3,043 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $240.00, for a total transaction of $730,320.00. Following the transaction, the chief operating officer now owns 218,686 shares of the company's stock, valued at $52,484,640. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the transaction, the insider now directly owns 40,058,131 shares in the company, valued at approximately $6,209,010,305. This trade represents a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,097,063 shares of company stock worth $393,287,959. Company insiders own 17.12% of the company's stock.

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.