Semanteon Capital Management LP Invests $909,000 in Carvana Co. (NYSE:CVNA)

Semanteon Capital Management LP purchased a new stake in Carvana Co. (NYSE:CVNA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,472 shares of the company’s stock, valued at approximately $909,000.

A number of other hedge funds have also recently bought and sold shares of CVNA. FMR LLC boosted its stake in shares of Carvana by 90.8% during the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after buying an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in Carvana during the 3rd quarter valued at $162,953,000. Lord Abbett & CO. LLC grew its holdings in Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after acquiring an additional 503,824 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Carvana in the 4th quarter worth about $60,866,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Carvana in the 3rd quarter valued at about $50,531,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on 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 directly owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the transaction, the chief operating officer now owns 196,278 shares in the company, valued at $35,033,660.22. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,784 shares of company stock worth $27,524,344. Corporate insiders own 17.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup increased their price target on Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wedbush set a $250.00 target price on shares of Carvana and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Evercore ISI decreased their price target on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird raised their price objective on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their target price on Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $262.71.

Carvana Stock Performance

Shares of NYSE CVNA opened at $185.41 on Friday. Carvana Co. has a one year low of $67.61 and a one year high of $292.84. The business’s 50-day moving average price is $227.61 and its two-hundred day moving average price is $214.18. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company has a market capitalization of $39.52 billion, a P/E ratio of 118.10 and a beta of 3.56.

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