Carvana Co. (NYSE:CVNA) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its stake in shares of Carvana Co. (NYSE:CVNA) by 24.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,146,305 shares of the company’s stock after selling 371,053 shares during the period. Carvana accounts for about 0.5% of Two Sigma Investments LP’s portfolio, making the stock its 29th biggest position. Two Sigma Investments LP’s holdings in Carvana were worth $233,113,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Carvana during the 4th quarter valued at $28,000. Global Retirement Partners LLC lifted its holdings in shares of 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 during the period. Rialto Wealth Management LLC bought a new position in Carvana during the fourth quarter valued at about $31,000. Venturi Wealth Management LLC boosted its stake in Carvana by 79.2% during the fourth quarter. Venturi Wealth Management LLC now owns 224 shares of the company’s stock valued at $46,000 after buying an additional 99 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in Carvana during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Trading Up 0.8%

Shares of NYSE:CVNA opened at $299.68 on Monday. The firm has a fifty day moving average of $220.71 and a two-hundred day moving average of $230.22. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. Carvana Co. has a 12-month low of $97.55 and a 12-month high of $311.88. The firm has a market capitalization of $64.17 billion, a P/E ratio of 190.88 and a beta of 3.61.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. On average, equities analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CVNA shares. Citigroup upped their price target on shares of Carvana from $280.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 8th. William Blair reissued an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. DA Davidson lifted their price target on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. JMP Securities dropped their price target on Carvana from $340.00 to $275.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank of Canada raised their price objective on Carvana from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $269.18.

Insider Transactions at Carvana

In other Carvana news, insider Daniel J. Gill sold 70,166 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $281.43, for a total value of $19,746,817.38. Following the completion of the sale, the insider now directly owns 201,087 shares of the company’s stock, valued at $56,591,914.41. The trade was a 25.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas Taira sold 27,593 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the transaction, the insider now owns 179,673 shares in the company, valued at $40,431,815.19. This represents a 13.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 618,735 shares of company stock valued at $153,823,367 in the last three months. Corporate insiders own 17.12% of the company’s stock.

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.