Chicago Capital LLC Acquires 710 Shares of Carvana Co. (NYSE:CVNA)

Chicago Capital LLC raised its position in shares of Carvana Co. (NYSE:CVNA) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,109 shares of the company’s stock after purchasing an additional 710 shares during the period. Chicago Capital LLC’s holdings in Carvana were worth $1,242,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CVNA. FMR LLC grew its position in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the period. State Street Corp raised its stake in shares of Carvana by 6.1% in the third quarter. State Street Corp now owns 1,877,511 shares of the company’s stock valued at $326,893,000 after buying an additional 107,610 shares during the period. Geode Capital Management LLC boosted its holdings in Carvana by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock worth $315,133,000 after buying an additional 131,059 shares during the period. Whale Rock Capital Management LLC purchased a new position in Carvana during the 3rd quarter valued at about $162,953,000. Finally, Holocene Advisors LP increased its holdings in Carvana by 108.2% during the 3rd quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock worth $96,476,000 after acquiring an additional 287,983 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CVNA shares. Robert W. Baird boosted their price objective on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $320.00 target price on shares of Carvana in a research note on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $330.00 target price on shares of Carvana in a research report on Tuesday, January 7th. Royal Bank of Canada raised shares of Carvana from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $270.00 to $280.00 in a report on Tuesday, January 7th. Finally, Stephens reissued an “overweight” rating and issued a $300.00 target price on shares of Carvana in a report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.88.

Carvana Stock Up 1.8 %

Shares of NYSE CVNA opened at $251.81 on Tuesday. The firm has a market cap of $52.28 billion, a P/E ratio of 25,206.31 and a beta of 3.38. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. Carvana Co. has a 1 year low of $41.75 and a 1 year high of $268.34. The firm’s 50 day moving average price is $230.40 and its 200 day moving average price is $195.56.

Insider Buying and Selling

In related news, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the sale, the chief financial officer now directly owns 189,761 shares in the company, valued at approximately $48,402,338.27. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the sale, the insider now directly owns 191,225 shares of the company’s stock, valued at $49,617,150.75. This trade represents a 18.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,845 shares of company stock worth $33,077,056. 17.12% of the stock is owned by company insiders.

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.