Semanteon Capital Management LP bought a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,472 shares of the company's stock, valued at approximately $909,000.
Other institutional investors have also recently made changes to their positions in the company. Blueshift Asset Management LLC purchased a new stake in Carvana during the fourth quarter valued at approximately $724,000. Harvest Fund Management Co. Ltd grew its position in shares of Carvana by 57.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,343 shares of the company's stock worth $476,000 after buying an additional 854 shares in the last quarter. Vinva Investment Management Ltd bought a new position in Carvana during the 4th quarter worth about $919,000. Xponance Inc. increased its holdings in Carvana by 89.5% during the fourth quarter. Xponance Inc. now owns 14,126 shares of the company's stock valued at $2,873,000 after buying an additional 6,672 shares during the period. Finally, Primecap Management Co. CA purchased a new position in shares of Carvana in the 4th quarter valued at $35,568,000. Hedge funds and other institutional investors own 56.71% of the company's stock.
Carvana Price Performance
CVNA traded up $7.64 during trading on Tuesday, reaching $221.27. The company's stock had a trading volume of 7,065,564 shares, compared to its average volume of 3,861,883. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The company has a market cap of $47.17 billion, a price-to-earnings ratio of 140.94 and a beta of 3.56. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a fifty day simple moving average of $227.95 and a two-hundred day simple moving average of $215.96.
Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. As a group, analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.
Insider Buying and Selling
In other news, CFO Mark W. Jenkins sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,784 shares of company stock valued at $27,524,344. 17.12% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on Carvana from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Royal Bank of Canada boosted their target price on shares of Carvana from $280.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. William Blair restated an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Finally, JMP Securities restated a "market outperform" rating and issued a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Carvana presently has a consensus rating of "Moderate Buy" and an average price target of $263.88.
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Carvana Company Profile
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Free Report)
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.
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