Lisanti Capital Growth LLC Decreases Holdings in Carvana Co. (NYSE:CVNA)

Lisanti Capital Growth LLC lessened its stake in Carvana Co. (NYSE:CVNA - Free Report) by 50.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,710 shares of the company's stock after selling 4,785 shares during the quarter. Lisanti Capital Growth LLC's holdings in Carvana were worth $820,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CVNA. Forum Financial Management LP raised its holdings 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 acquiring an additional 76 shares in the last quarter. Empirical Asset Management LLC lifted its position 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 worth $890,000 after purchasing an additional 100 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Carvana by 6.0% in the third quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company's stock valued at $402,000 after buying an additional 130 shares during the last quarter. CWM LLC raised its stake in Carvana by 19.5% in the second quarter. CWM LLC now owns 883 shares of the company's stock valued at $114,000 after buying an additional 144 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Carvana by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the company's stock worth $106,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insider Activity at Carvana

In related news, insider Paul W. Breaux sold 14,548 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $198.00, for a total value of $2,880,504.00. Following the completion of the sale, the insider now directly owns 119,494 shares in the company, valued at approximately $23,659,812. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $148.68, for a total transaction of $14,868,000.00. Following the completion of the transaction, the insider now owns 690,814 shares of the company's stock, valued at approximately $102,710,225.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul W. Breaux sold 14,548 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total transaction of $2,880,504.00. Following the sale, the insider now directly owns 119,494 shares of the company's stock, valued at $23,659,812. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,727,913 shares of company stock worth $483,483,922. Company insiders own 17.12% of the company's stock.

Carvana Stock Down 1.3 %

Shares of CVNA traded down $3.31 on Tuesday, hitting $246.75. The company's stock had a trading volume of 1,929,065 shares, compared to its average volume of 4,762,443. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The firm has a market capitalization of $51.23 billion, a price-to-earnings ratio of 25,027.03 and a beta of 3.37. The firm's fifty day moving average price is $184.61 and its 200-day moving average price is $145.72. Carvana Co. has a fifty-two week low of $27.75 and a fifty-two week high of $259.39.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion during 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 prior year, the business posted $0.23 EPS. On average, equities research analysts expect that Carvana Co. will post 0.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Carvana from $160.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Evercore ISI upped their target price on shares of Carvana from $186.00 to $190.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. JMP Securities upped their price target on shares of Carvana from $200.00 to $320.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Stephens began coverage on Carvana in a research note on Thursday, September 12th. They issued an "overweight" rating and a $190.00 target price for the company. Finally, TD Cowen raised their price objective on Carvana from $110.00 to $148.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $217.71.

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.