Carvana Co. (NYSE:CVNA) Stock Holdings Lowered by AXQ Capital LP

AXQ Capital LP lowered its position in shares of Carvana Co. (NYSE:CVNA) by 25.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,460 shares of the company’s stock after selling 510 shares during the period. AXQ Capital LP’s holdings in Carvana were worth $297,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Sei Investments Co. lifted its holdings in Carvana by 83.9% in the fourth quarter. Sei Investments Co. now owns 25,918 shares of the company’s stock worth $5,270,000 after purchasing an additional 11,826 shares during the period. Virtu Financial LLC lifted its holdings in Carvana by 98.9% in the fourth quarter. Virtu Financial LLC now owns 22,735 shares of the company’s stock worth $4,623,000 after purchasing an additional 11,305 shares during the period. Quantbot Technologies LP lifted its holdings in Carvana by 93.7% in the fourth quarter. Quantbot Technologies LP now owns 92,204 shares of the company’s stock worth $18,751,000 after purchasing an additional 44,594 shares during the period. Semanteon Capital Management LP acquired a new stake in Carvana in the fourth quarter worth about $909,000. Finally, Blueshift Asset Management LLC acquired a new stake in Carvana in the fourth quarter worth about $724,000. Institutional investors own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America cut their price target on shares of Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a report on Friday, March 14th. William Blair reissued an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Royal Bank of Canada upped their price target on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Wedbush set a $250.00 price target on shares of Carvana and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Evercore ISI cut their price target on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.71.

Carvana Price Performance

Shares of CVNA opened at $191.38 on Monday. The company has a market capitalization of $40.80 billion, a price-to-earnings ratio of 121.90 and a beta of 3.56. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84. 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 business’s 50-day moving average is $227.57 and its 200-day moving average is $215.45.

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. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Equities research analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 28,422 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the sale, the chief financial officer now owns 219,962 shares of the company’s stock, valued at $63,536,023.70. This represents a 11.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at $41,387,059.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,784 shares of company stock worth $27,524,344. Insiders own 17.12% of the company’s stock.

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.