1,327 Shares in Carvana Co. (NYSE:CVNA) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new stake in shares of Carvana Co. (NYSE:CVNA) in the fourth quarter, Holdings Channel reports. The fund bought 1,327 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in Carvana during the fourth quarter valued at $28,000. Global Retirement Partners LLC lifted its position in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC acquired a new position in Carvana during the fourth quarter valued at $31,000. ORG Wealth Partners LLC acquired a new position in Carvana during the fourth quarter valued at $34,000. Finally, Versant Capital Management Inc acquired a new position in Carvana during the fourth quarter valued at $42,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carvana

In other news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total value of $2,007,500.00. Following the completion of the sale, the chief financial officer now owns 189,097 shares of the company’s stock, valued at $37,961,222.75. This represents a 5.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,784 shares of company stock valued at $27,524,344. Corporate insiders own 17.12% of the company’s stock.

Carvana Stock Down 10.6 %

CVNA opened at $166.65 on Wednesday. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. 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 50-day moving average price of $228.25 and a 200 day moving average price of $214.65. The company has a market cap of $35.52 billion, a PE ratio of 106.14 and a beta of 3.56.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Sell-side analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on CVNA. Citigroup boosted their target price on shares of Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Stephens reiterated an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a research report on Monday, March 3rd. JPMorgan Chase & Co. upped their price objective on shares of Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Royal Bank of Canada upped their price objective on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.71.

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.