UniSuper Management Pty Ltd Makes New Investment in Carvana Co. (NYSE:CVNA)

UniSuper Management Pty Ltd purchased a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,200 shares of the company's stock, valued at approximately $447,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in Carvana by 112.8% in the third quarter. Cerity Partners LLC now owns 4,215 shares of the company's stock valued at $734,000 after purchasing an additional 2,234 shares during the period. Daiwa Securities Group Inc. acquired a new position in Carvana during the 3rd quarter worth approximately $244,000. Townsquare Capital LLC purchased a new position in Carvana in the 3rd quarter worth approximately $282,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Carvana by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,140 shares of the company's stock valued at $3,332,000 after purchasing an additional 2,243 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Carvana during the third quarter worth about $1,772,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Carvana Stock Up 6.3 %

Shares of NYSE CVNA traded up $13.48 during mid-day trading on Wednesday, reaching $226.07. 4,625,171 shares of the company traded hands, compared to its average volume of 3,925,815. The stock has a market cap of $48.19 billion, a PE ratio of 143.99 and a beta of 3.56. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company's fifty day moving average is $226.26 and its two-hundred day moving average is $219.11. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. DA Davidson lifted their price target on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Wells Fargo & Company reduced their price target on Carvana from $300.00 to $275.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada raised their price objective on shares of Carvana from $280.00 to $320.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Robert W. Baird raised their target price on Carvana from $200.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $261.53.

Insider Activity

In other news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $207.32, for a total value of $10,366,000.00. Following the completion of the transaction, the chief operating officer now directly owns 128,116 shares of the company's stock, valued at approximately $26,561,009.12. This represents a 28.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the completion of the sale, the chief financial officer now owns 219,962 shares in the company, valued at $55,016,895.44. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,810 shares of company stock valued at $63,706,320. Insiders own 17.12% of the company's stock.

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.