Pelham Capital Ltd. Has $4.19 Million Stock Holdings in Carvana Co. (NYSE:CVNA)

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

A number of other hedge funds also recently modified their holdings of CVNA. Transce3nd LLC bought a new position in Carvana in the 4th quarter valued at about $48,000. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 82 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Carvana in the 4th quarter valued at approximately $75,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 74 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Carvana in the 4th quarter valued at approximately $98,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Insider Buying and Selling

In related news, insider Daniel J. Gill sold 70,166 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $281.43, for a total value of $19,746,817.38. Following the completion of the transaction, the insider owned 201,087 shares of the company's stock, valued at approximately $56,591,914.41. This represents a 25.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $346.99, for a total value of $34,699,000.00. Following the transaction, the insider directly owned 37,092,317 shares in the company, valued at approximately $12,870,663,075.83. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,506,961 shares of company stock valued at $488,853,396 in the last three months. 17.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on CVNA. JMP Securities set a $440.00 target price on shares of Carvana and gave the stock a "market outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley boosted their price target on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Citigroup upped their target price on shares of Carvana from $325.00 to $415.00 and gave the stock a "buy" rating in a research note on Tuesday. Needham & Company LLC reissued a "buy" rating and issued a $340.00 price target on shares of Carvana in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their price objective 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. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $303.59.

Carvana Stock Performance

Shares of CVNA stock traded up $3.36 during mid-day trading on Thursday, reaching $354.45. The stock had a trading volume of 261,486 shares, compared to its average volume of 3,841,791. The business's fifty day moving average is $312.35 and its 200-day moving average is $250.78. The company has a current ratio of 3.81, a quick ratio of 2.70 and a debt-to-equity ratio of 2.97. The firm has a market cap of $75.90 billion, a price-to-earnings ratio of 123.98, a PEG ratio of 1.35 and a beta of 3.59. Carvana Co. has a 1-year low of $118.50 and a 1-year high of $364.00.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results 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. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the business posted $0.23 earnings per share. The business's quarterly revenue was up 38.3% compared to the same quarter last year. On average, research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Carvana 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.

Want to see what other hedge funds are holding CVNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carvana Co. (NYSE:CVNA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.