Carvana Co. (NYSE:CVNA) Position Lessened by Pelham Capital Ltd.

Pelham Capital Ltd. trimmed its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 32.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,050 shares of the company's stock after selling 9,630 shares during the quarter. Carvana comprises 2.2% of Pelham Capital Ltd.'s portfolio, making the stock its 12th largest position. Pelham Capital Ltd.'s holdings in Carvana were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Yousif Capital Management LLC raised its position in shares of Carvana by 4.1% during the 1st quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock worth $265,000 after purchasing an additional 50 shares during the period. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 74 shares during the period. Great Lakes Advisors LLC increased its position 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 acquiring an additional 77 shares during the period. Versant Capital Management Inc increased its position in Carvana by 39.4% in the 1st quarter. Versant Capital Management Inc now owns 290 shares of the company's stock valued at $61,000 after acquiring an additional 82 shares during the period. Finally, Cerity Partners LLC increased its position in Carvana by 2.3% in the 4th quarter. Cerity Partners LLC now owns 4,314 shares of the company's stock valued at $845,000 after acquiring an additional 99 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America raised their target price on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Needham & Company LLC restated a "buy" rating and issued a $340.00 target price on shares of Carvana in a research report on Thursday, May 8th. Wells Fargo & Company raised their target price on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Carvana from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, Royal Bank Of Canada lifted their price target on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.59.

Carvana Price Performance

Shares of CVNA traded down $2.22 during trading hours on Friday, hitting $343.33. 1,873,600 shares of the company were exchanged, compared to its average volume of 3,815,864. The company has a market capitalization of $73.52 billion, a PE ratio of 120.47, a PEG ratio of 1.34 and a beta of 3.59. The company has a debt-to-equity ratio of 2.97, a current ratio of 3.81 and a quick ratio of 2.70. The firm has a fifty day simple moving average of $315.96 and a 200-day simple moving average of $252.86. Carvana Co. has a one year low of $118.50 and a one year high of $364.00.

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, topping the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The company's revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. As a group, sell-side analysts predict that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Transactions at Carvana

In other news, CEO Ernest C. Garcia III sold 10,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $348.68, for a total value of $3,486,800.00. Following the completion of the sale, the chief executive officer owned 671,440 shares of the company's stock, valued at $234,117,699.20. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel J. Gill sold 7,100 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $350.00, for a total value of $2,485,000.00. Following the completion of the sale, the insider directly owned 197,832 shares of the company's stock, valued at approximately $69,241,200. This trade represents a 3.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,626,961 shares of company stock valued at $531,064,642 over the last quarter. Company insiders own 16.36% of the company's stock.

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.