Chicago Capital LLC Buys 1,839 Shares of Carvana Co. (NYSE:CVNA)

Chicago Capital LLC increased its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 30.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,948 shares of the company's stock after acquiring an additional 1,839 shares during the period. Chicago Capital LLC's holdings in Carvana were worth $1,662,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CVNA. Yousif Capital Management LLC grew its stake in shares of Carvana by 4.1% in the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock worth $265,000 after acquiring an additional 50 shares in the last quarter. Fidelis Capital Partners LLC grew its position in Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock valued at $87,000 after buying an additional 74 shares during the last quarter. Great Lakes Advisors LLC increased its stake in Carvana by 2.1% in the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock valued at $752,000 after buying an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of 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 buying an additional 78 shares during the last quarter. Institutional investors own 56.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $340.00 price target on shares of Carvana in a research report on Thursday, May 8th. Wells Fargo & Company upped their price objective on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Piper Sandler set a $340.00 target price on Carvana and gave the company an "overweight" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Bank of America increased their price target on shares of Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $283.59.

Carvana Stock Performance

CVNA traded up $13.55 on Thursday, hitting $307.53. The company's stock had a trading volume of 3,525,797 shares, compared to its average volume of 3,943,840. Carvana Co. has a 12 month low of $106.32 and a 12 month high of $351.43. The firm has a market cap of $65.85 billion, a P/E ratio of 107.90, a price-to-earnings-growth ratio of 1.14 and a beta of 3.65. The company has a quick ratio of 2.70, a current ratio of 3.81 and a debt-to-equity ratio of 2.97. The company's 50 day simple moving average is $278.43 and its 200-day simple moving average is $241.88.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.76. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business's quarterly revenue was up 38.3% on a year-over-year basis. Analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Insiders Place Their Bets

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $150.90, for a total value of $7,545,000.00. Following the sale, the chief operating officer now directly owns 123,803 shares in the company, valued at $18,681,872.70. This represents a 28.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark W. Jenkins sold 43,433 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $209.27, for a total transaction of $9,089,223.91. Following the completion of the transaction, the chief financial officer now directly owns 214,678 shares in the company, valued at approximately $44,925,665.06. The trade was a 16.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,343,166 shares of company stock worth $403,944,081 in the last quarter. 17.12% of the stock is owned by company insiders.

Carvana Company 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.