RV Capital AG Has $111.34 Million Holdings in Carvana Co. (NYSE:CVNA)

RV Capital AG cut its stake in shares of Carvana Co. (NYSE:CVNA) by 28.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 547,514 shares of the company’s stock after selling 214,217 shares during the period. Carvana comprises 23.9% of RV Capital AG’s portfolio, making the stock its biggest holding. RV Capital AG’s holdings in Carvana were worth $111,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC purchased a new position in Carvana during the third quarter worth about $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana during the fourth quarter worth about $34,000. Capital Performance Advisors LLP purchased a new position in shares of Carvana during the third quarter worth about $40,000. Versant Capital Management Inc bought a new position in shares of Carvana in the fourth quarter worth approximately $42,000. Finally, First Horizon Advisors Inc. raised its stake in Carvana by 363.0% in the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock valued at $44,000 after purchasing an additional 196 shares in the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 208,495 shares of Carvana stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.43, for a total value of $46,792,532.85. Following the completion of the sale, the chief financial officer now owns 90,732 shares of the company’s stock, valued at approximately $20,362,982.76. The trade was a 69.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory B. Sullivan sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $235.00, for a total value of $1,175,000.00. Following the transaction, the director now directly owns 53,407 shares in the company, valued at $12,550,645. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 380,383 shares of company stock worth $88,981,508. 17.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CVNA. Stephens reissued an “overweight” rating and issued a $300.00 price target on shares of Carvana in a report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on shares of Carvana from $230.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Robert W. Baird lifted their price objective on Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Bank of America upped their price target on shares of Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley upgraded Carvana from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $110.00 to $260.00 in a report on Tuesday, November 5th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and an average target price of $241.94.

Carvana Trading Down 1.0 %

Carvana stock opened at $240.74 on Monday. Carvana Co. has a 12 month low of $40.21 and a 12 month high of $268.34. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The business’s fifty day simple moving average is $231.02 and its two-hundred day simple moving average is $190.92. The company has a market capitalization of $49.99 billion, a price-to-earnings ratio of 24,098.30 and a beta of 3.38.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. The business’s revenue was up 31.8% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. As a group, equities analysts predict that Carvana Co. will post 0.88 earnings per share for the current fiscal year.

About Carvana

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.