Yousif Capital Management LLC Takes Position in Carvana Co. (NYSE:CVNA)

Yousif Capital Management LLC acquired a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,216 shares of the company's stock, valued at approximately $247,000.

A number of other hedge funds have also recently made changes to their positions in CVNA. Forum Financial Management LP boosted its holdings in Carvana by 3.8% during the third quarter. Forum Financial Management LP now owns 2,071 shares of the company's stock worth $361,000 after purchasing an additional 76 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in 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 during the last quarter. Fifth Third Bancorp boosted its holdings in 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 during the last quarter. CIBC Asset Management Inc boosted its holdings in Carvana by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,366 shares of the company's stock worth $586,000 after purchasing an additional 115 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in Carvana by 3.0% during the third quarter. MML Investors Services LLC now owns 4,172 shares of the company's stock worth $726,000 after purchasing an additional 122 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Price Performance

Carvana stock traded down $24.58 during midday trading on Friday, reaching $223.14. 6,856,676 shares of the stock were exchanged, compared to its average volume of 4,083,558. The company's fifty day moving average is $234.35 and its 200-day moving average is $207.79. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The firm has a market cap of $46.33 billion, a PE ratio of 142.13 and a beta of 3.37. Carvana Co. has a 52 week low of $49.38 and a 52 week high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share 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 net margin of 1.54% and a return on equity of 446.67%. On average, sell-side analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Insider Buying and Selling

In other Carvana news, insider Daniel J. Gill sold 44,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares of the company's stock, valued at $49,617,150.75. The trade was a 18.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 20,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $275.68, for a total transaction of $5,513,600.00. Following the completion of the transaction, the chief financial officer now directly owns 199,962 shares of the company's stock, valued at approximately $55,125,524.16. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,629 shares of company stock valued at $44,833,799. Company insiders own 17.12% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CVNA shares. Wedbush reaffirmed a "neutral" rating and issued a $250.00 price objective on shares of Carvana in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of Carvana from $300.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley raised shares of Carvana from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $110.00 to $260.00 in a research report on Tuesday, November 5th. William Blair reaffirmed an "outperform" rating on shares of Carvana in a research report on Thursday. Finally, Bank of America lifted their price objective on shares of Carvana from $252.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Carvana has an average rating of "Moderate Buy" and an average target price of $265.06.

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.