Taylor Frigon Capital Management LLC Has $1.19 Million Stake in Carvana Co. (NYSE:CVNA)

Taylor Frigon Capital Management LLC boosted its position in shares of Carvana Co. (NYSE:CVNAGet Rating) by 155.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,474 shares of the company’s stock after buying an additional 35,558 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Carvana were worth $1,187,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CVNA. Captrust Financial Advisors boosted its stake in shares of Carvana by 270.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,324 shares of the company’s stock valued at $30,000 after purchasing an additional 967 shares in the last quarter. CWM LLC boosted its stake in shares of Carvana by 150.6% in the 3rd quarter. CWM LLC now owns 1,531 shares of the company’s stock valued at $31,000 after purchasing an additional 920 shares in the last quarter. US Bancorp DE boosted its stake in shares of Carvana by 29.6% in the 2nd quarter. US Bancorp DE now owns 2,133 shares of the company’s stock valued at $48,000 after purchasing an additional 487 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Carvana in the 1st quarter valued at approximately $59,000. Finally, Forsta AP Fonden acquired a new stake in shares of Carvana in the 2nd quarter valued at approximately $72,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

Carvana Stock Down 5.4 %

CVNA stock traded down $0.36 during midday trading on Wednesday, reaching $6.28. 4,284,014 shares of the company’s stock traded hands, compared to its average volume of 24,718,639. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -0.69 and a beta of 2.41. The firm’s fifty day moving average price is $5.95 and its 200-day moving average price is $19.50. The company has a quick ratio of 1.01, a current ratio of 2.38 and a debt-to-equity ratio of 17.69. Carvana Co. has a 52 week low of $3.55 and a 52 week high of $167.00.

Carvana (NYSE:CVNAGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($2.67) EPS for the quarter, missing analysts’ consensus estimates of ($2.02) by ($0.65). The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.64 billion. Carvana had a negative net margin of 5.99% and a negative return on equity of 191.74%. As a group, sell-side analysts forecast that Carvana Co. will post -9.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CVNA. Jefferies Financial Group reduced their price target on shares of Carvana from $10.00 to $5.00 in a research note on Friday, December 9th. Bank Of America (Bofa) downgraded shares of Carvana to a “neutral” rating in a research report on Wednesday, November 30th. William Blair downgraded shares of Carvana from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 7th. Cowen downgraded shares of Carvana from an “outperform” rating to a “market perform” rating in a research report on Monday, November 21st. Finally, JPMorgan Chase & Co. upgraded shares of Carvana from an “underweight” rating to a “neutral” rating and set a $20.00 target price on the stock in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.65.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill purchased 133,000 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was acquired at an average price of $7.62 per share, for a total transaction of $1,013,460.00. Following the purchase, the insider now owns 263,415 shares of the company’s stock, valued at approximately $2,007,222.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Thomas Taira acquired 10,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $111,300.00. Following the acquisition, the insider now directly owns 42,518 shares of the company’s stock, valued at $473,225.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel J. Gill acquired 133,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were purchased at an average cost of $7.62 per share, for a total transaction of $1,013,460.00. Following the completion of the acquisition, the insider now directly owns 263,415 shares in the company, valued at $2,007,222.30. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 251,000 shares of company stock worth $2,065,760. 17.67% of the stock is owned by corporate insiders.

Carvana Profile

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Carvana Co is a holding company and an eCommerce platform, engages in the buying of used cars and provision of different and convenient car buying experiences. It operates through the following segments: Vehicle Sales, Wholesale Vehicle Sales, and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle sales to customers through its website.

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Institutional Ownership by Quarter for Carvana (NYSE:CVNA)

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