Carvana Co. (NYSE:CVNA) Stock Holdings Lowered by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its holdings in Carvana Co. (NYSE:CVNA) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,325 shares of the company’s stock after selling 385 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Carvana were worth $880,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CVNA. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Carvana during the third quarter valued at approximately $377,000. QRG Capital Management Inc. raised its holdings in shares of Carvana by 16.2% during the third quarter. QRG Capital Management Inc. now owns 6,713 shares of the company’s stock valued at $1,169,000 after acquiring an additional 935 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Carvana during the third quarter valued at approximately $40,000. Sigma Planning Corp acquired a new stake in shares of Carvana during the third quarter valued at approximately $228,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Carvana during the third quarter valued at approximately $784,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Ratings Changes

CVNA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Carvana from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company cut their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. 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. Needham & Company LLC reaffirmed a “buy” rating and set a $340.00 price objective on shares of Carvana in a research report on Friday. Finally, William Blair reaffirmed an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and an average target price of $265.94.

Insider Transactions at Carvana

In other news, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark W. Jenkins sold 28,422 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the sale, the chief financial officer now owns 219,962 shares of the company’s stock, valued at $63,536,023.70. The trade was a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,629 shares of company stock worth $30,866,419. 17.18% of the stock is owned by insiders.

Carvana Stock Performance

CVNA stock opened at $188.19 on Friday. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a market capitalization of $40.11 billion, a price-to-earnings ratio of 119.86 and a beta of 3.56. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The firm has a 50 day moving average of $231.95 and a two-hundred day moving average of $212.64.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. As a group, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.