UniSuper Management Pty Ltd Makes New $447,000 Investment in Carvana Co. (NYSE:CVNA)

UniSuper Management Pty Ltd purchased a new position in shares of Carvana Co. (NYSE:CVNA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,200 shares of the company’s stock, valued at approximately $447,000.

A number of other hedge funds have also recently made changes to their positions in CVNA. WINTON GROUP Ltd bought a new stake in Carvana in the fourth quarter worth $734,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Carvana by 34,721.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 80,438 shares of the company’s stock worth $16,358,000 after buying an additional 80,207 shares during the period. Korea Investment CORP bought a new stake in shares of Carvana in the 4th quarter valued at about $14,951,000. Banco BTG Pactual S.A. bought a new position in Carvana during the 4th quarter worth approximately $332,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Carvana in the 4th quarter worth approximately $10,672,000. 56.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the transaction, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Taira sold 27,593 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the sale, the insider now owns 179,673 shares in the company, valued at approximately $40,431,815.19. The trade was a 13.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,377 shares of company stock worth $44,251,096. 17.12% of the stock is owned by insiders.

Carvana Stock Up 2.3 %

NYSE:CVNA opened at $209.15 on Tuesday. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84. The company has a market capitalization of $44.58 billion, a PE ratio of 133.21 and a beta of 3.56. The firm’s 50-day moving average price is $226.82 and its 200-day moving average price is $218.57. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

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

Analyst Ratings Changes

CVNA has been the subject of a number of analyst reports. Wedbush set a $250.00 price objective on Carvana and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Royal Bank of Canada raised their price target on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Bank of America lowered their price objective on shares of Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Piper Sandler raised Carvana from a “neutral” rating to an “overweight” rating in a research note on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $340.00 price target on shares of Carvana in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $261.53.

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.