Point72 Italy S.r.l. Invests $752,000 in Carvana Co. (NYSE:CVNA)

Point72 Italy S.r.l. bought a new stake in Carvana Co. (NYSE:CVNA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,700 shares of the company's stock, valued at approximately $752,000. Carvana makes up 0.4% of Point72 Italy S.r.l.'s portfolio, making the stock its 28th largest holding.

Several other institutional investors have also recently bought and sold shares of CVNA. Quent Capital LLC acquired a new position in shares of Carvana during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC increased its holdings in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Carvana during the 4th quarter worth approximately $31,000. Venturi Wealth Management LLC increased its holdings in shares of Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock worth $46,000 after acquiring an additional 99 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Carvana during the 4th quarter worth approximately $48,000. Institutional investors own 56.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CVNA shares. Piper Sandler upped their price objective on Carvana from $225.00 to $230.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Evercore ISI lowered their price objective on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research report on Tuesday, March 11th. Stephens reiterated an "overweight" rating and set a $300.00 price objective on shares of Carvana in a research report on Monday, March 3rd. Royal Bank of Canada increased their price objective on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Citigroup increased their price objective on Carvana from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $269.18.

Carvana Price Performance

CVNA stock traded up $2.28 during midday trading on Friday, reaching $299.68. The company had a trading volume of 3,656,928 shares, compared to its average volume of 3,937,649. The company has a market capitalization of $63.88 billion, a price-to-earnings ratio of 190.88 and a beta of 3.61. The stock has a 50 day moving average price of $220.71 and a 200-day moving average price of $230.33. Carvana Co. has a 1-year low of $97.55 and a 1-year high of $311.88. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Carvana's revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 65,000 shares of Carvana stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $305.00, for a total value of $19,825,000.00. Following the transaction, the insider now owns 201,087 shares in the company, valued at $61,331,535. The trade was a 24.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan S. Keeton sold 13,137 shares of Carvana stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $300.00, for a total value of $3,941,100.00. Following the completion of the transaction, the insider now owns 148,402 shares in the company, valued at approximately $44,520,600. This represents a 8.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 618,735 shares of company stock worth $153,823,367 over the last 90 days. Insiders own 16.36% 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.