R Squared Ltd Takes $171,000 Position in Carvana Co. (NYSE:CVNA)

R Squared Ltd bought a new stake in shares of Carvana Co. (NYSE:CVNA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 840 shares of the company’s stock, valued at approximately $171,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Carvana by 155.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 23,278 shares of the company’s stock worth $2,996,000 after buying an additional 14,174 shares during the last quarter. Sei Investments Co. increased its position in shares of Carvana by 158.3% during the second quarter. Sei Investments Co. now owns 11,165 shares of the company’s stock worth $1,437,000 after purchasing an additional 6,843 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Carvana by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 166,904 shares of the company’s stock valued at $21,484,000 after purchasing an additional 15,088 shares during the last quarter. Creative Planning lifted its holdings in Carvana by 34.4% in the 2nd quarter. Creative Planning now owns 15,296 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,913 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in Carvana during the 2nd quarter worth $270,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Activity

In related news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the transaction, the insider now directly owns 191,225 shares of the company’s stock, valued at $49,617,150.75. The trade was a 18.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark W. Jenkins sold 208,495 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.43, for a total value of $46,792,532.85. Following the completion of the sale, the chief financial officer now directly owns 90,732 shares in the company, valued at $20,362,982.76. This represents a 69.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 347,340 shares of company stock valued at $81,044,588. 17.12% of the stock is currently owned by company insiders.

Carvana Stock Up 0.1 %

NYSE:CVNA opened at $245.10 on Thursday. Carvana Co. has a 52 week low of $40.21 and a 52 week high of $268.34. The stock’s fifty day moving average is $230.89 and its two-hundred day moving average is $192.84. The stock has a market capitalization of $50.89 billion, a price-to-earnings ratio of 24,534.43 and a beta of 3.38. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.47 billion. The business’s revenue was up 31.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. Research analysts anticipate that Carvana Co. will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CVNA. Royal Bank of Canada raised shares of Carvana from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and set a $320.00 target price on shares of Carvana in a report on Monday, December 16th. Stephens reaffirmed an “overweight” rating and issued a $300.00 price target on shares of Carvana in a report on Thursday, January 2nd. Wedbush boosted their price objective on Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, Wells Fargo & Company cut their target price on Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.94.

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.