XTX Topco Ltd Invests $2.54 Million in Carvana Co. (NYSE:CVNA)

XTX Topco Ltd acquired a new stake in Carvana Co. (NYSE:CVNA) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,752 shares of the company’s stock, valued at approximately $2,542,000.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in shares of Carvana during the 2nd quarter valued at approximately $32,000. Parallel Advisors LLC lifted its holdings in shares of Carvana by 39.0% in the 4th quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after acquiring an additional 194 shares during the last quarter. Summit Securities Group LLC boosted its holdings in shares of Carvana by 110.0% in the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 3,300 shares during the period. Fifth Third Bancorp raised its stake in shares of Carvana by 450.8% in the second quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after acquiring an additional 275 shares during the period. Finally, Tidemark LLC purchased a new position in shares of Carvana during the fourth quarter valued at approximately $50,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVNA has been the subject of several research analyst reports. Wedbush raised shares of Carvana to a “neutral” rating and lifted their price target for the company from $120.00 to $150.00 in a research note on Monday, August 19th. Wells Fargo & Company upgraded Carvana from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $77.00 to $175.00 in a research note on Thursday, August 1st. Royal Bank of Canada upgraded Carvana to a “sector perform” rating and boosted their price target for the company from $166.00 to $170.00 in a research note on Monday, August 19th. Morgan Stanley upped their price target on shares of Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC lifted their target price on shares of Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a 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. According to data from MarketBeat.com, Carvana currently has an average rating of “Hold” and a consensus price target of $153.88.

Insider Buying and Selling at Carvana

In related news, Director Ira J. Platt sold 664 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $150.00, for a total transaction of $99,600.00. Following the sale, the director now owns 30,227 shares in the company, valued at $4,534,050. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Carvana news, major shareholder Ernest C. Garcia II sold 60,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $115.77, for a total value of $6,946,200.00. Following the completion of the sale, the insider now directly owns 937,500 shares of the company’s stock, valued at approximately $108,534,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira J. Platt sold 664 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $150.00, for a total transaction of $99,600.00. Following the sale, the director now owns 30,227 shares of the company’s stock, valued at $4,534,050. The disclosure for this sale can be found here. Insiders have sold 2,421,866 shares of company stock worth $331,583,884 over the last quarter. 17.12% of the stock is owned by corporate insiders.

Carvana Stock Up 3.3 %

Shares of NYSE CVNA opened at $161.67 on Thursday. The stock has a market capitalization of $32.75 billion, a PE ratio of 70.91 and a beta of 3.43. Carvana Co. has a 52-week low of $25.09 and a 52-week high of $167.75. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20. The firm has a fifty day moving average of $140.93 and a 200-day moving average of $113.71.

Carvana (NYSE:CVNA) last posted its quarterly earnings data 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 analysts’ expectations of $3.23 billion. On average, analysts anticipate that Carvana Co. will post 0.18 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.