Moore Capital Management LP Acquires 126,417 Shares of Carvana Co. (NYSE:CVNA)

Moore Capital Management LP grew its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 94.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,956 shares of the company's stock after purchasing an additional 126,417 shares during the quarter. Carvana makes up 0.6% of Moore Capital Management LP's portfolio, making the stock its 24th largest holding. Moore Capital Management LP owned about 0.13% of Carvana worth $53,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Carvana during the fourth quarter valued at $179,364,000. Vanguard Group Inc. lifted its position in Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after purchasing an additional 610,234 shares during the last quarter. Castle Hook Partners LP acquired a new position in Carvana during the 4th quarter valued at about $116,020,000. BNP Paribas Financial Markets grew its position in Carvana by 89.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock worth $207,086,000 after purchasing an additional 481,912 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Carvana in the 4th quarter worth approximately $86,636,000. 56.71% of the stock is owned by institutional investors.

Carvana Stock Down 2.5%

CVNA stock traded down $7.59 during trading hours on Thursday, hitting $297.93. The company's stock had a trading volume of 3,293,524 shares, compared to its average volume of 3,932,283. The stock has a 50 day moving average price of $215.64 and a two-hundred day moving average price of $228.91. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $311.88. The company has a market capitalization of $63.51 billion, a PE ratio of 189.76 and a beta of 3.61. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (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 net margin of 1.54% and a return on equity of 36.59%. Carvana's revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Daniel J. Gill sold 70,166 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $281.43, for a total value of $19,746,817.38. Following the completion of the sale, the insider now directly owns 201,087 shares in the company, valued at approximately $56,591,914.41. The trade was a 25.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were 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 owns 196,278 shares in the company, valued at $35,033,660.22. The trade was a 20.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 482,967 shares of company stock valued at $112,241,867 over the last quarter. Insiders own 16.36% of the company's stock.

Wall Street Analysts Forecast Growth

CVNA has been the topic of several research analyst reports. Stephens reissued an "overweight" rating and set a $300.00 target price on shares of Carvana in a research note on Monday, March 3rd. Wedbush raised Carvana to a "hold" rating in a research report on Thursday, May 8th. Robert W. Baird upped their price target on shares of Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. William Blair restated an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Finally, Citigroup boosted their price objective on shares of Carvana from $280.00 to $325.00 and gave the company 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 given a buy rating to the stock. According to MarketBeat.com, Carvana presently has a consensus rating of "Moderate Buy" and a consensus price target of $269.18.

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.