Blue Capital Inc. Acquires New Position in Carvana Co. (NYSE:CVNA)

Blue Capital Inc. bought a new position in Carvana Co. (NYSE:CVNA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,093 shares of the company's stock, valued at approximately $629,000.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Carvana during the third quarter valued at about $241,000. Versant Capital Management Inc purchased a new position in shares of Carvana in the 4th quarter worth approximately $42,000. GAMMA Investing LLC grew its position in shares of Carvana by 28.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $159,000 after buying an additional 176 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Carvana during the 4th quarter worth approximately $573,000. Finally, Nordea Investment Management AB purchased a new stake in Carvana during the fourth quarter valued at approximately $1,743,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CVNA. Morgan Stanley upgraded Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. JPMorgan Chase & Co. dropped their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada lifted their target price on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday. Piper Sandler boosted their target price on shares of Carvana from $225.00 to $230.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $340.00 price target on shares of Carvana in a report on Thursday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $268.59.

Carvana Price Performance

Shares of NYSE CVNA traded up $26.51 on Thursday, hitting $285.68. The company's stock had a trading volume of 9,209,304 shares, compared to its average volume of 3,895,472. 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 stock has a 50 day moving average of $208.89 and a 200-day moving average of $226.52. Carvana Co. has a 12-month low of $97.55 and a 12-month high of $293.35. The company has a market capitalization of $60.90 billion, a price-to-earnings ratio of 181.96 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. The firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm's quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. As a group, research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Transactions at Carvana

In related news, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 153,240 shares in the company, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark W. Jenkins sold 28,422 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total value of $8,209,694.70. Following the sale, the chief financial officer now owns 219,962 shares in the company, valued at approximately $63,536,023.70. The trade was a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 348,560 shares of company stock worth $73,806,520 in the last three months. Company insiders own 17.12% of the company's stock.

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.