Arrowstreet Capital Limited Partnership Buys Shares of 426,024 Carvana Co. (NYSE:CVNA)

Arrowstreet Capital Limited Partnership purchased a new position in shares of Carvana Co. (NYSE:CVNA) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 426,024 shares of the company’s stock, valued at approximately $86,636,000.

Several other institutional investors and hedge funds have also made changes to their positions in CVNA. Fidelis Capital Partners LLC grew its holdings in Carvana by 3.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock valued at $313,000 after buying an additional 51 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Carvana by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after acquiring an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after purchasing an additional 74 shares in the last quarter. Great Lakes Advisors LLC raised its stake in Carvana by 2.1% in the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock valued at $752,000 after purchasing an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carvana

In other news, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Taira sold 27,593 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the transaction, the insider now directly owns 179,673 shares in the company, valued at $40,431,815.19. The trade was a 13.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,377 shares of company stock worth $44,251,096 in the last 90 days. 17.12% of the stock is owned by corporate insiders.

Carvana Trading Up 2.3 %

NYSE CVNA opened at $209.15 on Tuesday. The company’s fifty day simple moving average is $226.82 and its 200-day simple moving average is $218.57. The stock has a market cap of $44.58 billion, a P/E ratio of 133.21 and a beta of 3.56. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Equities research analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wedbush set a $250.00 price target on Carvana and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. JMP Securities restated a “market outperform” rating and issued a $320.00 target price on shares of Carvana in a report on Monday, December 16th. Robert W. Baird increased their price target on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “overweight” rating in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $340.00 target price on shares of Carvana in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.53.

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.