Carvana Co. (NYSE:CVNA) is Schusterman Interests LLC’s 2nd Largest Position

Schusterman Interests LLC reduced its position in Carvana Co. (NYSE:CVNA) by 50.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 268,000 shares of the company’s stock after selling 268,000 shares during the period. Carvana accounts for about 45.1% of Schusterman Interests LLC’s portfolio, making the stock its 2nd largest position. Schusterman Interests LLC owned approximately 0.13% of Carvana worth $34,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Carvana by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock worth $904,642,000 after acquiring an additional 266,972 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Carvana by 39.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after purchasing an additional 2,112,463 shares in the last quarter. Lingotto Investment Management LLP grew its position in Carvana by 1.4% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock worth $486,143,000 after purchasing an additional 52,833 shares during the last quarter. First Trust Advisors LP grew its position in Carvana by 17.1% during the 4th quarter. First Trust Advisors LP now owns 1,483,944 shares of the company’s stock worth $78,560,000 after purchasing an additional 216,893 shares during the last quarter. Finally, Goodnow Investment Group LLC increased its stake in Carvana by 1.6% during the 4th quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company’s stock valued at $77,532,000 after purchasing an additional 23,140 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Activity

In related news, major shareholder Ernest C. Garcia II sold 75,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $126.97, for a total transaction of $9,522,750.00. Following the completion of the transaction, the insider now owns 787,500 shares in the company, valued at approximately $99,988,875. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Daniel J. Gill sold 20,000 shares of Carvana stock in a transaction on 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 approximately $53,905,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 75,000 shares of Carvana stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $126.97, for a total transaction of $9,522,750.00. Following the transaction, the insider now directly owns 787,500 shares in the company, valued at $99,988,875. The disclosure for this sale can be found here. Insiders have sold a total of 2,566,866 shares of company stock worth $359,233,684 over the last 90 days. 17.12% of the stock is currently owned by company insiders.

Carvana Stock Up 0.8 %

Carvana stock opened at $175.25 on Tuesday. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02. The stock has a market capitalization of $35.50 billion, a PE ratio of 76.86 and a beta of 3.43. The business has a 50 day simple moving average of $143.77 and a 200-day simple moving average of $116.28. Carvana Co. has a 12 month low of $25.09 and a 12 month high of $176.33.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The company had revenue of $3.41 billion during 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 fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CVNA. Piper Sandler lifted their price objective on shares of Carvana from $105.00 to $151.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their price target on Carvana from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on Carvana from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Wells Fargo & Company raised Carvana from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $77.00 to $175.00 in a report on Thursday, August 1st. Finally, Robert W. Baird began coverage on shares of Carvana in a report on Thursday, August 1st. They issued a “neutral” rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $153.88.

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.