Twinbeech Capital LP Invests $41.71 Million in Carvana Co. (NYSE:CVNA)

Twinbeech Capital LP acquired a new stake in Carvana Co. (NYSE:CVNA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 205,090 shares of the company's stock, valued at approximately $41,707,000. Twinbeech Capital LP owned about 0.10% of Carvana at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CVNA. Quent Capital LLC purchased a new stake in Carvana during the fourth quarter worth approximately $28,000. Global Retirement Partners LLC grew its stake 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 buying an additional 78 shares during the period. Rialto Wealth Management LLC purchased a new stake in Carvana during the fourth quarter worth approximately $31,000. Venturi Wealth Management LLC grew its stake in Carvana by 79.2% during the fourth quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock worth $46,000 after buying an additional 99 shares during the period. Finally, Transce3nd LLC purchased a new stake in Carvana during the fourth quarter worth approximately $48,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Price Performance

Shares of NYSE:CVNA traded down $9.96 during trading hours on Wednesday, hitting $292.33. 4,015,086 shares of the company's stock traded hands, compared to its average volume of 3,949,809. Carvana Co. has a 52 week low of $97.55 and a 52 week high of $311.88. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company's fifty day simple moving average is $228.16 and its two-hundred day simple moving average is $231.66. The company has a market cap of $62.60 billion, a price-to-earnings ratio of 186.20 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the firm posted $0.23 EPS. The business's revenue for the quarter was up 38.3% on a year-over-year basis. As a group, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Activity

In other Carvana news, insider Thomas Taira sold 27,593 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the sale, the insider now directly owns 179,673 shares of the company's stock, valued at approximately $40,431,815.19. This represents a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael E. Maroone sold 9,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $273.44, for a total transaction of $2,460,960.00. Following the sale, the director now directly owns 143,504 shares of the company's stock, valued at $39,239,733.76. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 610,313 shares of company stock worth $151,621,372. Corporate insiders own 17.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CVNA. Evercore ISI decreased their price objective on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research note on Tuesday, March 11th. DA Davidson boosted their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $340.00 price objective on shares of Carvana in a research note on Thursday, May 8th. Stephens reissued an "overweight" rating and set a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. Finally, Piper Sandler boosted their target price on shares of Carvana from $225.00 to $230.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Carvana currently has an average rating of "Moderate Buy" and an average target price of $269.18.

About Carvana

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.