Carvana Co. (NYSE:CVNA) Shares Sold by Metavasi Capital LP

Metavasi Capital LP lowered its position in Carvana Co. (NYSE:CVNA - Free Report) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,564 shares of the company's stock after selling 18,500 shares during the period. Carvana accounts for 4.8% of Metavasi Capital LP's portfolio, making the stock its 4th largest holding. Metavasi Capital LP's holdings in Carvana were worth $13,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new position in Carvana in the third quarter valued at about $2,009,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Carvana in the third quarter valued at approximately $241,000. Optimist Retirement Group LLC bought a new stake in shares of Carvana in the third quarter valued at about $289,000. Lord Abbett & CO. LLC grew its holdings in shares of Carvana by 1,454.1% during the third quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company's stock worth $93,754,000 after buying an additional 503,824 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in Carvana in the 4th quarter valued at approximately $42,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Thomas Taira sold 27,593 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the sale, the insider now directly owns 179,673 shares of the company's stock, valued at $40,431,815.19. This represents a 13.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the transaction, 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. Insiders have sold 348,560 shares of company stock worth $73,806,520 in the last 90 days. Insiders own 17.12% of the company's stock.

Carvana Stock Performance

NYSE CVNA traded down $0.49 during trading hours on Tuesday, reaching $259.08. 2,019,720 shares of the company were exchanged, compared to its average volume of 3,878,778. The business's 50 day simple moving average is $206.35 and its 200-day simple moving average is $225.41. Carvana Co. has a 1 year low of $97.55 and a 1 year 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 has a market capitalization of $55.23 billion, a P/E ratio of 164.67 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. On average, equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup lowered their target price on Carvana from $320.00 to $280.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Bank of America cut their target price on shares of Carvana from $270.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Evercore ISI reduced their price objective on Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. Robert W. Baird lowered their target price on Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Finally, Morgan Stanley upgraded Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $254.76.

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.