WINTON GROUP Ltd acquired a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,611 shares of the company's stock, valued at approximately $734,000.
A number of other large investors also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its stake in shares of Carvana by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 4,215 shares of the company's stock valued at $734,000 after acquiring an additional 2,234 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Carvana in the third quarter valued at approximately $244,000. The Manufacturers Life Insurance Company raised its stake in Carvana by 2.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 171,389 shares of the company's stock worth $29,841,000 after buying an additional 4,485 shares during the period. Townsquare Capital LLC bought a new position in shares of Carvana during the 3rd quarter valued at about $282,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 buying an additional 2,243 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Carvana
In other news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at $35,033,660.22. This represents a 20.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark W. Jenkins sold 28,422 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total value of $8,209,694.70. Following the completion of the transaction, the chief financial officer now owns 219,962 shares in the company, valued at $63,536,023.70. This represents a 11.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,810 shares of company stock worth $61,698,820. 17.12% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
CVNA has been the subject of several research reports. Evercore ISI decreased their price target on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research note on Tuesday, March 11th. Wells Fargo & Company lowered their price target on Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Piper Sandler raised Carvana from a "neutral" rating to an "overweight" rating in a research report on Monday. Morgan Stanley upgraded Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday. Finally, Robert W. Baird increased their price target on Carvana from $200.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Carvana currently has a consensus rating of "Moderate Buy" and a consensus price target of $261.53.
Read Our Latest Analysis on CVNA
Carvana Stock Down 19.6 %
Shares of CVNA traded down $44.47 during trading hours on Thursday, hitting $181.85. The stock had a trading volume of 4,148,255 shares, compared to its average volume of 4,523,418. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84. The firm has a market capitalization of $38.76 billion, a P/E ratio of 115.83 and a beta of 3.56. The firm has a 50 day simple moving average of $226.26 and a 200-day simple moving average of $219.11. 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 (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.32 billion. Sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.
About Carvana
(
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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