Taika Capital LP Purchases New Position in Carvana Co. (NYSE:CVNA)

Taika Capital LP acquired a new stake in Carvana Co. (NYSE:CVNA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,119 shares of the company's stock, valued at approximately $2,668,000. Carvana comprises about 2.0% of Taika Capital LP's portfolio, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fidelis Capital Partners LLC boosted its position in shares of Carvana by 3.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after purchasing an additional 51 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Carvana by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after purchasing an additional 65 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Carvana by 0.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company's stock worth $5,657,000 after purchasing an additional 86 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Carvana by 37.6% during the fourth quarter. Fifth Third Bancorp now owns 322 shares of the company's stock worth $65,000 after purchasing an additional 88 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

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Insider Transactions at Carvana

In related news, insider Paul W. Breaux sold 1,362 shares of the company's 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 transaction, the insider now owns 153,240 shares in the company, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan S. Keeton sold 24,845 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $247.90, for a total transaction of $6,159,075.50. Following the completion of the transaction, the insider now owns 151,029 shares in the company, valued at approximately $37,440,089.10. This trade represents a 14.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,629 shares of company stock worth $24,758,919 in the last ninety days. Insiders own 17.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $320.00 price target on shares of Carvana in a research report on Monday, December 16th. DA Davidson boosted their price objective on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Carvana in a research report on Friday, March 7th. Wells Fargo & Company cut their price objective on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, Wedbush set a $250.00 price objective on shares of Carvana and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $265.65.

Carvana Stock Up 4.3 %

CVNA stock traded up $7.40 during midday trading on Wednesday, hitting $179.62. The company's stock had a trading volume of 4,390,224 shares, compared to its average volume of 3,832,694. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. The company's fifty day moving average price is $229.54 and its 200 day moving average price is $213.65. The stock has a market capitalization of $38.29 billion, a P/E ratio of 114.41 and a beta of 3.56.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.27. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. As a group, equities research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

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.