Kapitalo Investimentos Ltda Invests $219,000 in Carvana Co. (NYSE:CVNA)

Kapitalo Investimentos Ltda bought a new stake in Carvana Co. (NYSE:CVNA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,259 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also added to or reduced their stakes in CVNA. Wellington Management Group LLP purchased a new position in Carvana in the 4th quarter valued at about $4,703,000. Vanguard Group Inc. boosted its holdings in Carvana by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock valued at $530,648,000 after purchasing an additional 655,603 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Carvana by 63.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,481 shares of the company’s stock valued at $131,000 after purchasing an additional 965 shares in the last quarter. Diversified Trust Co increased its holdings in Carvana by 53.3% during the 1st quarter. Diversified Trust Co now owns 8,678 shares of the company’s stock worth $763,000 after purchasing an additional 3,019 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Carvana by 9.2% in the 1st quarter. Principal Financial Group Inc. now owns 12,702 shares of the company’s stock valued at $1,117,000 after purchasing an additional 1,068 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carvana

In other news, insider Daniel J. Gill sold 20,000 shares of Carvana stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.00, for a total value of $3,000,000.00. Following the transaction, the insider now owns 359,370 shares of the company’s stock, valued at $53,905,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Ernest C. Garcia II sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $130.75, for a total value of $9,806,250.00. Following the completion of the sale, the insider now owns 2,090,814 shares in the company, valued at approximately $273,373,930.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Gill sold 20,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.00, for a total value of $3,000,000.00. Following the completion of the sale, the insider now owns 359,370 shares of the company’s stock, valued at $53,905,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,784,366 shares of company stock valued at $436,682,409. 17.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CVNA shares. Wedbush lifted their price target on shares of Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Needham & Company LLC increased their price target on shares of Carvana from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. TD Cowen boosted their price objective on Carvana from $110.00 to $148.00 and gave the company a “hold” rating in a report on Thursday, August 1st. DA Davidson increased their target price on Carvana from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Stephens assumed coverage on Carvana in a report on Thursday, September 12th. They issued an “overweight” rating and a $190.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $171.76.

Carvana Price Performance

Shares of CVNA opened at $193.58 on Thursday. Carvana Co. has a one year low of $25.09 and a one year high of $195.17. The stock’s fifty day moving average is $160.50 and its 200-day moving average is $127.68. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 84.90 and a beta of 3.44.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.23 billion. Equities analysts anticipate that Carvana Co. will post 0.29 EPS for the current year.

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.