WINTON GROUP Ltd Acquires New Position in Carvana Co. (NYSE:CVNA)

WINTON GROUP Ltd bought a new stake in Carvana Co. (NYSE:CVNA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,611 shares of the company’s stock, valued at approximately $734,000.

A number of other large investors have also recently modified their holdings of CVNA. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Carvana by 34,721.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 80,438 shares of the company’s stock valued at $16,358,000 after purchasing an additional 80,207 shares during the last quarter. Korea Investment CORP bought a new stake in shares of Carvana during the fourth quarter worth $14,951,000. Banco BTG Pactual S.A. bought a new stake in shares of Carvana during the fourth quarter worth $332,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Carvana during the fourth quarter worth $10,672,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Carvana in the 4th quarter valued at $319,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Trading Up 0.2 %

NYSE:CVNA opened at $204.40 on Friday. Carvana Co. has a 12 month low of $67.61 and a 12 month 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. The stock has a market capitalization of $43.57 billion, a price-to-earnings ratio of 130.19 and a beta of 3.56. The firm has a fifty day simple moving average of $227.25 and a two-hundred day simple moving average of $217.50.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Activity at Carvana

In related news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the completion of the sale, the chief financial officer now directly owns 189,097 shares of the company’s stock, valued at approximately $37,961,222.75. This represents a 5.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Taira sold 27,593 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the transaction, the insider now owns 179,673 shares in the company, valued at approximately $40,431,815.19. This trade represents a 13.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,377 shares of company stock valued at $44,251,096. 17.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CVNA shares. Stephens reaffirmed an “overweight” rating and issued a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Morgan Stanley upgraded shares of Carvana from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $260.00 to $280.00 in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price on shares of Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Bank of America reduced their price objective on shares of Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average target price of $261.53.

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.