Taylor Frigon Capital Management LLC Has $2.97 Million Stock Position in Carvana Co. (NYSE:CVNA)

Taylor Frigon Capital Management LLC cut its position in Carvana Co. (NYSE:CVNA - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,308 shares of the company's stock after selling 5,222 shares during the quarter. Carvana comprises 1.8% of Taylor Frigon Capital Management LLC's holdings, making the stock its 4th biggest position. Taylor Frigon Capital Management LLC's holdings in Carvana were worth $2,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVNA. Global Retirement Partners LLC grew its holdings in Carvana by 109.9% during the fourth 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 period. Rialto Wealth Management LLC acquired a new stake in shares of Carvana during the fourth quarter worth $31,000. Transce3nd LLC purchased a new stake in shares of Carvana during the fourth quarter valued at $48,000. Versant Capital Management Inc lifted its position 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 acquiring an additional 82 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Carvana in the fourth quarter worth $75,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Carvana Stock Down 0.1%

Shares of NYSE:CVNA traded down $0.18 during mid-day trading on Tuesday, reaching $336.78. 1,566,984 shares of the stock were exchanged, compared to its average volume of 3,856,066. The stock's 50 day simple moving average is $296.34 and its 200-day simple moving average is $245.59. Carvana Co. has a one year low of $118.50 and a one year high of $351.43. The company has a market cap of $72.12 billion, a P/E ratio of 118.51, a P/E/G ratio of 1.24 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.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The firm's revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, equities research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Activity

In other Carvana news, CEO Ernest C. Garcia III sold 10,000 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $325.11, for a total transaction of $3,251,100.00. Following the sale, the chief executive officer directly owned 716,440 shares of the company's stock, valued at approximately $232,921,808.40. This represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 4,971 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $325.15, for a total transaction of $1,616,320.65. Following the completion of the sale, the insider owned 36,837,346 shares of the company's stock, valued at $11,977,663,051.90. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,267,111 shares of company stock valued at $397,294,025. 17.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CVNA. Stephens reissued an "overweight" rating and issued a $300.00 price target on shares of Carvana in a research report on Monday, March 3rd. Morgan Stanley raised their price objective on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. decreased their price target on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Citigroup lifted their target price on shares of Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Evercore ISI upped their target price on shares of Carvana from $295.00 to $305.00 and gave the stock an "in-line" rating in a research report on Tuesday, June 24th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $284.18.

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.