North Peak Capital Management LLC Has $44.74 Million Stake in Carvana Co. (NYSE:CVNA)

North Peak Capital Management LLC lifted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 219,983 shares of the company's stock after buying an additional 74,889 shares during the quarter. Carvana comprises about 5.9% of North Peak Capital Management LLC's portfolio, making the stock its 7th largest holding. North Peak Capital Management LLC owned approximately 0.11% of Carvana worth $44,736,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in shares of Carvana in the fourth quarter valued at about $179,364,000. Vanguard Group Inc. increased its stake in Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock worth $2,323,463,000 after acquiring an additional 610,234 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Carvana by 1,454.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company's stock valued at $93,754,000 after buying an additional 503,824 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Carvana during the fourth quarter worth $86,636,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Carvana in the 4th quarter valued at $60,866,000. Institutional investors own 56.71% of the company's stock.

Carvana Trading Up 6.3 %

Shares of Carvana stock traded up $14.02 on Thursday, reaching $234.96. 2,476,075 shares of the company's stock were exchanged, compared to its average volume of 4,057,379. The company has a market capitalization of $50.09 billion, a P/E ratio of 149.87 and a beta of 3.61. Carvana Co. has a 52 week low of $71.39 and a 52 week high of $292.84. 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 firm's 50-day moving average is $206.80 and its two-hundred day moving average is $221.84.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.27. The firm 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%. Sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVNA has been the topic of several research analyst reports. Morgan Stanley raised Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. JMP Securities dropped their price objective on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research note on Wednesday, April 9th. 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 note on Tuesday. Wells Fargo & Company reduced their price objective on Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI reduced their price target on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Carvana has a consensus rating of "Moderate Buy" and an average price target of $253.88.

Insider Buying and Selling

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

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.