Carvana Co. (NYSE:CVNA) Shares Sold by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP decreased its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 197,500 shares of the company's stock after selling 183,272 shares during the quarter. Carvana makes up 4.7% of Divisadero Street Capital Management LP's holdings, making the stock its 6th largest holding. Divisadero Street Capital Management LP owned 0.10% of Carvana worth $40,164,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Quent Capital LLC purchased a new position in shares of Carvana during the fourth quarter valued at about $28,000. Global Retirement Partners LLC increased its stake in Carvana by 109.9% in 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 purchased a new stake in shares of Carvana during the 4th quarter worth approximately $31,000. ORG Wealth Partners LLC bought a new position in shares of Carvana during the 4th quarter valued at approximately $34,000. Finally, Versant Capital Management Inc purchased a new position in shares of Carvana in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Carvana Stock Down 6.0 %

NYSE CVNA traded down $17.26 on Friday, reaching $268.27. 8,144,599 shares of the stock traded hands, compared to its average volume of 3,914,803. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $293.62. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 170.87 and a beta of 3.61. The company has a fifty day moving average price of $209.94 and a 200-day moving average price of $227.00. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. The firm 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%. The firm's quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. As a group, research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Transactions at Carvana

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now directly owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 348,560 shares of company stock valued at $73,806,520. Company insiders own 17.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price target on shares of Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday. Stephens reiterated an "overweight" rating and issued a $300.00 price target on shares of Carvana in a research report on Monday, March 3rd. Evercore ISI decreased 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. DA Davidson boosted their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, William Blair restated an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $268.59.

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.