Lisanti Capital Growth LLC Has $820,000 Stake in Carvana Co. (NYSE:CVNA)

Lisanti Capital Growth LLC lessened its holdings in Carvana Co. (NYSE:CVNA) by 50.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,710 shares of the company’s stock after selling 4,785 shares during the period. Lisanti Capital Growth LLC’s holdings in Carvana were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 buying an additional 2,112,463 shares in the last quarter. Sylebra Capital LLC acquired a new stake in Carvana in the 2nd quarter worth about $67,686,000. Senator Investment Group LP bought a new stake in Carvana in the 2nd quarter valued at about $63,767,000. Driehaus Capital Management LLC grew its position in shares of Carvana by 124.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock worth $74,888,000 after purchasing an additional 323,153 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Carvana during the second quarter worth approximately $39,997,000. Institutional investors own 56.71% of the company’s stock.

Carvana Stock Performance

NYSE CVNA opened at $250.02 on Tuesday. The company has a market capitalization of $51.91 billion, a price-to-earnings ratio of 25,027.03 and a beta of 3.37. Carvana Co. has a twelve month low of $27.75 and a twelve month high of $259.39. The stock has a fifty day simple moving average of $184.61 and a 200 day simple moving average of $145.72. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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. The company’s quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Sell-side analysts expect that Carvana Co. will post 0.62 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $241.78, for a total transaction of $4,835,600.00. Following the completion of the sale, the chief financial officer now directly owns 170,732 shares in the company, valued at $41,279,582.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Mark W. Jenkins sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $241.78, for a total transaction of $4,835,600.00. Following the completion of the sale, the chief financial officer now owns 170,732 shares of the company’s stock, valued at $41,279,582.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $148.68, for a total value of $14,868,000.00. Following the completion of the transaction, the insider now directly owns 690,814 shares in the company, valued at approximately $102,710,225.52. 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 90 days, insiders sold 2,727,913 shares of company stock worth $483,483,922. 17.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

CVNA has been the topic of a number of analyst reports. Needham & Company LLC increased their price target on Carvana from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JMP Securities upped their price objective on shares of Carvana from $200.00 to $320.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Wedbush raised their target price on shares of Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Royal Bank of Canada upgraded shares of Carvana to a “sector perform” rating and boosted their target price for the company from $166.00 to $170.00 in a research report on Monday, August 19th. Finally, Stephens started coverage on shares of Carvana in a research report on Thursday, September 12th. They set an “overweight” rating and a $190.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Carvana presently has a consensus rating of “Hold” and an average target price of $217.71.

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.