Hanseatic Management Services Inc. Has $178,000 Stock Position in Carvana Co. (NYSE:CVNA)

Hanseatic Management Services Inc. lifted its holdings in Carvana Co. (NYSE:CVNA) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,021 shares of the company’s stock after purchasing an additional 193 shares during the period. Hanseatic Management Services Inc.’s holdings in Carvana were worth $178,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Carvana in the first quarter worth about $969,000. Quantbot Technologies LP bought a new stake in Carvana in the 1st quarter valued at $1,321,000. SG Americas Securities LLC boosted its holdings in Carvana by 315.6% in the 1st quarter. SG Americas Securities LLC now owns 9,176 shares of the company’s stock valued at $807,000 after purchasing an additional 6,968 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Carvana in the 1st quarter worth $3,039,000. Finally, Swiss National Bank increased its holdings in shares of Carvana by 7.2% during the 1st quarter. Swiss National Bank now owns 191,300 shares of the company’s stock worth $16,817,000 after purchasing an additional 12,800 shares during the period. 56.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CVNA. Royal Bank of Canada upgraded Carvana to a “sector perform” rating and boosted their price target for the company from $166.00 to $170.00 in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Carvana from $230.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Stephens started coverage on shares of Carvana in a research note on Thursday, September 12th. They set an “overweight” rating and a $190.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Carvana from $175.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen raised their price target on shares of Carvana from $110.00 to $148.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $217.71.

Carvana Stock Performance

Shares of NYSE:CVNA opened at $238.93 on Thursday. The stock has a market capitalization of $49.45 billion, a P/E ratio of 23,893.00 and a beta of 3.37. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. Carvana Co. has a 1-year low of $27.75 and a 1-year high of $259.39. The business has a 50-day moving average price of $178.93 and a two-hundred day moving average price of $141.65.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company earned $0.23 EPS. The business’s revenue for the quarter was up 31.8% compared to the same quarter last year. Equities analysts predict that Carvana Co. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Carvana

In other news, major shareholder Ernest C. Garcia II sold 75,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $134.06, for a total value of $10,054,500.00. Following the completion of the transaction, the insider now owns 940,814 shares of the company’s stock, valued at $126,125,524.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Carvana news, Director Ira J. Platt sold 7,338 shares of Carvana stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $141.62, for a total value of $1,039,207.56. Following the transaction, the director now owns 30,891 shares of the company’s stock, valued at approximately $4,374,783.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 75,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $134.06, for a total transaction of $10,054,500.00. Following the sale, the insider now directly owns 940,814 shares of the company’s stock, valued at $126,125,524.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,810,251 shares of company stock valued at $494,577,629. Corporate insiders own 17.18% 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.