Carvana Co. (NYSE:CVNA) Shares Purchased by JAT Capital Mgmt LP

JAT Capital Mgmt LP boosted its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,545 shares of the company's stock after acquiring an additional 9,938 shares during the quarter. Carvana accounts for 2.8% of JAT Capital Mgmt LP's portfolio, making the stock its 11th biggest holding. JAT Capital Mgmt LP's holdings in Carvana were worth $17,600,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CVNA. Vanguard Group Inc. boosted its position in Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after buying an additional 610,234 shares during the period. Lingotto Investment Management LLP lifted its holdings in shares of Carvana by 1.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock worth $810,827,000 after buying an additional 57,215 shares during the period. Geode Capital Management LLC grew its position in shares of Carvana by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock worth $381,592,000 after buying an additional 75,250 shares in the last quarter. Norges Bank purchased a new position in shares of Carvana during the fourth quarter valued at $179,364,000. Finally, Northern Trust Corp raised its holdings in shares of Carvana by 30.3% in the fourth quarter. Northern Trust Corp now owns 650,696 shares of the company's stock valued at $132,326,000 after acquiring an additional 151,338 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

Analyst Ratings Changes

CVNA has been the topic of a number of research reports. Needham & Company LLC reissued a "buy" rating and set a $340.00 target price on shares of Carvana in a research report on Friday, March 7th. JMP Securities lowered their target price on Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a report on Wednesday, April 9th. William Blair reissued an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Morgan Stanley raised Carvana from an "underweight" rating to an "overweight" rating in a research report on Monday, March 31st. Finally, Stephens reiterated an "overweight" rating and issued a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.76.

Insider Transactions at Carvana

In other news, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $150.90, for a total value of $7,545,000.00. Following the transaction, the chief operating officer now owns 123,803 shares in the company, valued at $18,681,872.70. This trade represents a 28.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul W. Breaux sold 1,362 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, the insider now owns 153,240 shares of the company's stock, valued at $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 330,810 shares of company stock valued at $69,243,820 in the last three months. 17.12% of the stock is currently owned by company insiders.

Carvana Stock Performance

Carvana stock traded up $5.32 during mid-day trading on Friday, hitting $257.19. The company had a trading volume of 2,196,445 shares, compared to its average volume of 3,911,607. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company's fifty day moving average is $205.81 and its 200-day moving average is $224.49. Carvana Co. has a 12-month low of $97.55 and a 12-month high of $292.84. The company has a market capitalization of $54.82 billion, a price-to-earnings ratio of 163.82 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Equities research analysts predict that Carvana Co. will post 2.85 EPS for the current 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.