Los Angeles Capital Management LLC Has $1.51 Million Holdings in Carvana Co. (NYSE:CVNA)

Los Angeles Capital Management LLC boosted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 78.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,558 shares of the company's stock after buying an additional 12,559 shares during the quarter. Los Angeles Capital Management LLC's holdings in Carvana were worth $1,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. bought a new position in Carvana during the fourth quarter valued at about $29,000. Hanseatic Management Services Inc. bought a new position in Carvana in the 3rd quarter worth about $34,000. Harvest Fund Management Co. Ltd grew its stake in Carvana by 1,225.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,193 shares of the company's stock worth $50,000 after buying an additional 1,103 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Carvana by 1,370.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,470 shares of the company's stock worth $62,000 after purchasing an additional 1,370 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Carvana in the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CVNA. Morgan Stanley raised their price target on Carvana from $32.00 to $45.00 and gave the stock an "underweight" rating in a research note on Monday, February 26th. JMP Securities lifted their target price on Carvana from $80.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Friday, May 3rd. Needham & Company LLC restated a "hold" rating on shares of Carvana in a research note on Thursday, May 2nd. Royal Bank of Canada raised their price target on shares of Carvana from $90.00 to $130.00 and gave the stock a "sector perform" rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group raised Carvana from an "underperform" rating to a "hold" rating and boosted their price target for the company from $30.00 to $85.00 in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $73.44.

Insider Transactions at Carvana

In other news, insider Paul W. Breaux sold 15,000 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $69.00, for a total transaction of $1,035,000.00. Following the transaction, the insider now owns 150,126 shares in the company, valued at $10,358,694. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Carvana news, COO Benjamin E. Huston sold 9,296 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $82.92, for a total value of $770,824.32. Following the completion of the sale, the chief operating officer now directly owns 178,885 shares in the company, valued at approximately $14,833,144.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul W. Breaux sold 15,000 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $69.00, for a total transaction of $1,035,000.00. Following the completion of the transaction, the insider now directly owns 150,126 shares in the company, valued at approximately $10,358,694. The disclosure for this sale can be found here. Over the last three months, insiders have sold 548,849 shares of company stock valued at $51,068,571. 17.18% of the stock is currently owned by insiders.

Carvana Stock Down 1.9 %

CVNA traded down $2.27 on Wednesday, hitting $114.39. The company's stock had a trading volume of 3,649,464 shares, compared to its average volume of 6,279,654. Carvana Co. has a 12 month low of $10.16 and a 12 month high of $129.00. The firm has a market cap of $23.10 billion, a P/E ratio of 51.17 and a beta of 3.28. The company's 50 day simple moving average is $83.59 and its 200-day simple moving average is $57.44.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share for the quarter, missing analysts' consensus estimates of ($0.95) by ($0.05). The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.56 billion. The company's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.97) EPS. Equities analysts predict that Carvana Co. will post -3.05 earnings per share for the current fiscal year.

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.