EntryPoint Capital LLC Has $515,000 Stock Position in Carvana Co. (NYSE:CVNA)

EntryPoint Capital LLC boosted its holdings in Carvana Co. (NYSE:CVNA) by 20.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,532 shares of the company’s stock after buying an additional 428 shares during the quarter. EntryPoint Capital LLC’s holdings in Carvana were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in shares of Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC boosted its position in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Carvana during the fourth quarter worth $31,000. ORG Wealth Partners LLC bought a new position in shares of Carvana in the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Carvana during the 4th quarter valued at $42,000. Institutional investors own 56.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CVNA shares. Wedbush set a $250.00 target price on Carvana and gave the company a “neutral” rating in a research report on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their target price on shares of Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $340.00 price target on shares of Carvana in a research note on Friday, March 7th. Finally, Stephens restated an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $262.71.

Insider Buying and Selling at Carvana

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark W. Jenkins sold 28,422 shares of the company’s stock in a transaction dated 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 in the company, valued at $63,536,023.70. This represents a 11.44 % 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. Company insiders own 17.12% of the company’s stock.

Carvana Stock Up 11.9 %

Shares of NYSE CVNA opened at $213.61 on Tuesday. 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 firm has a market cap of $45.53 billion, a PE ratio of 136.06 and a beta of 3.56. The company’s fifty day simple moving average is $227.95 and its 200 day simple moving average is $215.96. Carvana Co. has a 12-month low of $67.61 and a 12-month high of $292.84.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.32 billion. As a group, sell-side analysts forecast that Carvana Co. will post 2.85 earnings per share 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.