Vinva Investment Management Ltd Buys Shares of 4,367 Carvana Co. (NYSE:CVNA)

Vinva Investment Management Ltd bought a new stake in Carvana Co. (NYSE:CVNA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,367 shares of the company’s stock, valued at approximately $919,000.

A number of other institutional investors also recently made changes to their positions in CVNA. Quent Capital LLC acquired a new position in shares of Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC raised its position in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Carvana in the 4th quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new position in shares of Carvana in the 4th quarter valued at approximately $34,000. Finally, Versant Capital Management Inc acquired a new position in shares of Carvana in the 4th quarter valued at approximately $42,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Carvana

In other news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 196,278 shares of the company’s stock, valued at approximately $35,033,660.22. This represents a 20.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $250.12, for a total value of $2,501,200.00. Following the transaction, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at $55,016,895.44. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,784 shares of company stock valued at $27,524,344. 17.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Piper Sandler raised Carvana from a “neutral” rating to an “overweight” rating and set a $225.00 price target on the stock in a research report on Thursday. Robert W. Baird upped their price target on Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their price target on Carvana from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Royal Bank of Canada upped their price target on Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company dropped 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. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Carvana currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.71.

Carvana Price Performance

Shares of CVNA opened at $185.41 on Friday. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The company has a market cap of $39.52 billion, a P/E ratio of 118.10 and a beta of 3.56. The stock has a fifty day moving average price of $227.61 and a 200 day moving average price of $214.18. 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) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. On average, research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

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.