Carvana Co. (NYSE:CVNA) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC boosted its stake in Carvana Co. (NYSE:CVNA) by 10.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,795 shares of the company’s stock after purchasing an additional 176 shares during the quarter. Townsquare Capital LLC’s holdings in Carvana were worth $365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC increased its stake in shares of Carvana by 3.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after purchasing an additional 51 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Carvana by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after buying an additional 65 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Carvana by 21.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock valued at $87,000 after acquiring an additional 74 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of Carvana by 2.1% in the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock worth $752,000 after acquiring an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Activity at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,278 shares of the company’s stock, valued at $35,033,660.22. The trade was a 20.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 owns 219,962 shares of the company’s stock, valued at $55,016,895.44. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 330,810 shares of company stock worth $69,243,820. Corporate insiders own 17.12% of the company’s stock.

Analyst Upgrades and Downgrades

CVNA has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of Carvana from $320.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. JMP Securities dropped their price target on Carvana from $340.00 to $275.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley upgraded Carvana from an “underweight” rating to an “overweight” rating in a research report on Monday, March 31st. Stephens reaffirmed an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carvana has a consensus rating of “Moderate Buy” and a consensus target price of $253.59.

Carvana Stock Down 7.4 %

NYSE:CVNA opened at $195.76 on Tuesday. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The stock’s fifty day moving average is $209.33 and its two-hundred day moving average is $221.92. The stock has a market capitalization of $41.73 billion, a price-to-earnings ratio of 124.69 and a beta of 3.61.

Carvana (NYSE:CVNA) last announced 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. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

About Carvana

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.