Quantinno Capital Management LP Boosts Position in Carvana Co. (NYSE:CVNA)

Quantinno Capital Management LP increased its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,056 shares of the company's stock after purchasing an additional 1,536 shares during the quarter. Quantinno Capital Management LP's holdings in Carvana were worth $3,265,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Man Group plc lifted its stake in Carvana by 92.9% during the fourth quarter. Man Group plc now owns 252,134 shares of the company's stock worth $51,274,000 after purchasing an additional 121,459 shares during the last quarter. Nissay Asset Management Corp Japan ADV purchased a new stake in Carvana in the fourth quarter valued at approximately $2,991,000. No Street GP LP boosted its holdings in shares of Carvana by 66.7% in the fourth quarter. No Street GP LP now owns 350,000 shares of the company's stock valued at $71,176,000 after acquiring an additional 140,000 shares during the period. Nuveen Asset Management LLC grew its position in shares of Carvana by 3.5% during the fourth quarter. Nuveen Asset Management LLC now owns 401,866 shares of the company's stock worth $81,723,000 after acquiring an additional 13,652 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Carvana by 9.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,927 shares of the company's stock worth $5,679,000 after acquiring an additional 2,457 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insiders Place Their Bets

In other news, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Friday, March 14th. The stock was 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 of the company's stock, valued at $35,033,660.22. The trade was a 20.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas Taira sold 27,593 shares of Carvana stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total value of $6,209,252.79. Following the transaction, the insider now directly owns 179,673 shares of the company's stock, valued at $40,431,815.19. This trade represents a 13.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 590,313 shares of company stock worth $145,613,672. Corporate insiders own 17.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CVNA shares. Evercore ISI lowered their target price on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company raised their target price on shares of Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Stephens restated an "overweight" rating and set a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. Royal Bank of Canada raised their target price on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $269.18.

Carvana Price Performance

Shares of NYSE CVNA opened at $304.92 on Tuesday. The firm has a market capitalization of $65.30 billion, a P/E ratio of 194.22 and a beta of 3.61. Carvana Co. has a one year low of $97.55 and a one year high of $311.88. The company's fifty day moving average is $223.22 and its two-hundred day moving average is $230.75. 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 issued its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.75 by $0.76. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business's revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.

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