Pelham Capital Ltd. Lowers Position in Carvana Co. (NYSE:CVNA)

Pelham Capital Ltd. lowered its holdings in Carvana Co. (NYSE:CVNA) by 33.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,680 shares of the company’s stock after selling 15,020 shares during the quarter. Carvana comprises approximately 3.5% of Pelham Capital Ltd.’s holdings, making the stock its 9th biggest holding. Pelham Capital Ltd.’s holdings in Carvana were worth $6,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CVNA. Empowered Funds LLC raised its position in Carvana by 3.6% during the fourth quarter. Empowered Funds LLC now owns 2,936 shares of the company’s stock valued at $597,000 after purchasing an additional 101 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Carvana by 133.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,222 shares of the company’s stock valued at $655,000 after buying an additional 1,839 shares in the last quarter. Fairvoy Private Wealth LLC bought a new position in Carvana in the fourth quarter valued at about $847,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Carvana during the fourth quarter worth about $2,091,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Carvana by 8,600.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 219,256 shares of the company’s stock valued at $44,588,000 after purchasing an additional 216,736 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Trading Up 0.4 %

Shares of CVNA stock opened at $264.18 on Friday. Carvana Co. has a fifty-two week low of $47.54 and a fifty-two week high of $268.34. 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 stock has a 50 day simple moving average of $230.69 and a two-hundred day simple moving average of $198.75. The company has a market cap of $54.85 billion, a P/E ratio of 26,444.64 and a beta of 3.37.

Insider Activity

In related news, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.07, for a total value of $2,550,700.00. Following the completion of the sale, the chief financial officer now directly owns 189,761 shares of the company’s stock, valued at $48,402,338.27. The trade was a 5.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 in the company, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,845 shares of company stock worth $30,742,656 in the last quarter. 17.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of research analyst reports. Stephens restated an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research report on Thursday. Royal Bank of Canada raised Carvana from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $270.00 to $280.00 in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $330.00 target price on shares of Carvana in a report on Tuesday, January 7th. Jefferies Financial Group boosted their price target on Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Carvana in a report on Thursday. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.29.

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.