R Squared Ltd Invests $171,000 in Carvana Co. (NYSE:CVNA)

R Squared Ltd bought a new position in shares of Carvana Co. (NYSE:CVNA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 840 shares of the company’s stock, valued at approximately $171,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sugarloaf Wealth Management LLC purchased a new position in Carvana during the 3rd quarter worth approximately $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana during the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of Carvana in the 3rd quarter valued at $40,000. Versant Capital Management Inc purchased a new stake in Carvana in the 4th quarter valued at $42,000. Finally, First Horizon Advisors Inc. boosted its stake in Carvana by 363.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock worth $44,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Buying and Selling at Carvana

In other news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares of the company’s stock, valued at $49,617,150.75. The trade was a 18.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory B. Sullivan sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $235.00, for a total transaction of $1,175,000.00. Following the sale, the director now owns 53,407 shares in the company, valued at approximately $12,550,645. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 347,340 shares of company stock valued at $81,044,588 over the last quarter. Corporate insiders own 17.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CVNA shares. JMP Securities restated a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. Robert W. Baird increased their price objective on Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley raised Carvana from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on Carvana from $230.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada raised shares of Carvana from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.94.

Carvana Stock Up 0.1 %

CVNA opened at $245.10 on Thursday. Carvana Co. has a one year low of $40.21 and a one year high of $268.34. The company has a market cap of $50.89 billion, a price-to-earnings ratio of 24,534.43 and a beta of 3.38. The business’s fifty day moving average is $230.89 and its two-hundred day moving average is $192.84. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.47 billion. Carvana’s revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Analysts anticipate that Carvana Co. will post 0.88 EPS 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.