Yeomans Consulting Group Inc. Invests $649,000 in Carvana Co. (NYSE:CVNA)

Yeomans Consulting Group Inc. bought a new stake in Carvana Co. (NYSE:CVNA) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 3,728 shares of the company’s stock, valued at approximately $649,000.

Several other large investors have also recently made changes to their positions in CVNA. Vanguard Group Inc. raised its stake in shares of Carvana by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock worth $904,642,000 after buying an additional 266,972 shares during the period. Price T Rowe Associates Inc. MD raised its position in Carvana by 39.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after acquiring an additional 2,112,463 shares during the period. Lingotto Investment Management LLP raised its position in Carvana by 1.4% during the second quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock worth $486,143,000 after acquiring an additional 52,833 shares during the period. Renaissance Technologies LLC lifted its holdings in Carvana by 12.2% during the second quarter. Renaissance Technologies LLC now owns 813,400 shares of the company’s stock valued at $104,701,000 after purchasing an additional 88,500 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock valued at $74,888,000 after purchasing an additional 323,153 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Trading Up 2.4 %

NYSE:CVNA traded up $4.88 on Monday, reaching $207.41. The company’s stock had a trading volume of 1,072,178 shares, compared to its average volume of 4,787,022. Carvana Co. has a 12-month low of $25.09 and a 12-month high of $208.30. The stock has a 50 day moving average price of $167.97 and a 200 day moving average price of $133.56. The firm has a market cap of $42.01 billion, a price-to-earnings ratio of 88.83 and a beta of 3.44. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.23 billion. On average, equities analysts anticipate that Carvana Co. will post 0.29 EPS for the current fiscal year.

Insider Activity

In other Carvana news, insider Paul W. Breaux sold 14,548 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $198.00, for a total value of $2,880,504.00. Following the sale, the insider now owns 119,494 shares of the company’s stock, valued at $23,659,812. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Carvana news, insider Paul W. Breaux sold 14,548 shares of Carvana stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $198.00, for a total value of $2,880,504.00. Following the completion of the transaction, the insider now directly owns 119,494 shares of the company’s stock, valued at $23,659,812. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark W. Jenkins sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.14, for a total transaction of $730,700.00. Following the sale, the chief financial officer now owns 180,609 shares in the company, valued at $26,394,199.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,880,891 shares of company stock valued at $479,638,935. Company insiders own 17.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen upped their price target on shares of Carvana from $110.00 to $148.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their target price on Carvana from $185.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of Carvana in a research note on Monday, September 9th. Morgan Stanley increased their price objective on Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC boosted 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $182.29.

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.