LMR Partners LLP Increases Position in Carvana Co. (NYSE:CVNA)

LMR Partners LLP grew its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 971.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,500 shares of the company's stock after buying an additional 20,400 shares during the quarter. LMR Partners LLP's holdings in Carvana were worth $4,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC raised its holdings in Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after purchasing an additional 51 shares during the period. Bleakley Financial Group LLC raised its holdings in Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after purchasing an additional 65 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock worth $87,000 after purchasing an additional 74 shares during the period. Great Lakes Advisors LLC raised its holdings in Carvana by 2.1% in the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock worth $752,000 after purchasing an additional 77 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares during the period. 56.71% of the stock is owned by institutional investors.

Carvana Price Performance

Shares of Carvana stock traded up $2.28 during trading on Friday, reaching $299.68. 3,656,928 shares of the stock traded hands, compared to its average volume of 3,937,649. The company has a market capitalization of $64.17 billion, a price-to-earnings ratio of 190.88 and a beta of 3.61. The business has a fifty day simple moving average of $220.71 and a two-hundred day simple moving average of $230.22. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a 52-week low of $97.55 and a 52-week high of $311.88.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm earned $0.23 EPS. The firm's revenue for the quarter was up 38.3% compared to the same quarter last year. Sell-side analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Insider Activity at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of Carvana stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the sale, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $63,536,023.70. The trade was a 11.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Benjamin E. Huston sold 26,753 shares of Carvana stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $300.00, for a total transaction of $8,025,900.00. Following the sale, the chief operating officer now directly owns 149,294 shares of the company's stock, valued at $44,788,200. This represents a 15.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 618,735 shares of company stock valued at $153,823,367. Insiders own 17.12% of the company's stock.

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of recent research reports. Bank of America raised their target price on Carvana from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Robert W. Baird increased their price target on Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. DA Davidson increased their price target on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley increased their price target on Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Carvana currently has an average rating of "Moderate Buy" and a consensus price target of $269.18.

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.