Carvana Co. (NYSE:CVNA) Position Increased by Signaturefd LLC

Signaturefd LLC lifted its stake in Carvana Co. (NYSE:CVNA) by 30.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,842 shares of the company’s stock after purchasing an additional 435 shares during the quarter. Signaturefd LLC’s holdings in Carvana were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in Carvana by 39.5% in 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 during the last quarter. Sylebra Capital LLC acquired a new stake in shares of Carvana in the second quarter worth $67,686,000. Senator Investment Group LP bought a new position in Carvana in the second quarter worth $63,767,000. Driehaus Capital Management LLC lifted its position in Carvana by 124.9% in the second 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 during the period. Finally, Assenagon Asset Management S.A. bought a new position in Carvana in the second quarter worth $39,997,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carvana

In other news, major shareholder Ernest C. Garcia II sold 15,814 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $201.16, for a total transaction of $3,181,144.24. Following the completion of the transaction, the insider now directly owns 37,442,317 shares in the company, valued at approximately $7,531,896,487.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel J. Gill sold 20,000 shares of Carvana stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.00, for a total transaction of $3,000,000.00. Following the transaction, the insider now owns 359,370 shares in the company, valued at $53,905,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Ernest C. Garcia II sold 15,814 shares of Carvana stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $201.16, for a total value of $3,181,144.24. Following the transaction, the insider now owns 37,442,317 shares in the company, valued at $7,531,896,487.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,955,891 shares of company stock worth $489,299,685. 17.12% of the stock is currently owned by company insiders.

Carvana Price Performance

Shares of CVNA stock opened at $202.53 on Friday. The stock has a 50-day moving average price of $167.97 and a 200 day moving average price of $133.19. 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 market cap of $41.03 billion, a price-to-earnings ratio of 88.83 and a beta of 3.44. Carvana Co. has a 12 month low of $25.09 and a 12 month high of $203.72.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.23 billion. Research analysts expect that Carvana Co. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CVNA shares. BTIG Research lifted their price objective on Carvana from $155.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada raised Carvana to a “sector perform” rating and lifted their price objective for the company from $166.00 to $170.00 in a report on Monday, August 19th. JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of Carvana in a report on Monday, September 9th. Needham & Company LLC lifted their price objective on Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, TD Cowen lifted their price objective on Carvana from $110.00 to $148.00 and gave the company a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.