Aigen Investment Management LP Reduces Stock Holdings in Carvana Co. (NYSE:CVNA)

Aigen Investment Management LP trimmed its position in Carvana Co. (NYSE:CVNA) by 71.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,758 shares of the company’s stock after selling 9,351 shares during the period. Aigen Investment Management LP’s holdings in Carvana were worth $764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CVNA. Quent Capital LLC purchased a new position in Carvana in the fourth quarter worth about $28,000. Global Retirement Partners LLC boosted its position in Carvana by 109.9% in the fourth 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 last quarter. ORG Wealth Partners LLC purchased a new position in Carvana in the fourth quarter worth about $34,000. Capital Performance Advisors LLP bought a new position in shares of Carvana in the third quarter worth about $40,000. Finally, Versant Capital Management Inc bought a new position in shares of Carvana in the fourth quarter worth about $42,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carvana

In other news, insider Paul W. Breaux sold 1,362 shares of Carvana 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 completion of the transaction, the insider now owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the completion of the transaction, the chief financial officer now owns 189,097 shares of the company’s stock, valued at approximately $37,961,222.75. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,629 shares of company stock worth $30,866,419. 17.18% of the stock is currently owned by company insiders.

Carvana Stock Performance

NYSE:CVNA opened at $187.19 on Friday. 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 1 year low of $67.61 and a 1 year high of $292.84. The stock’s 50 day simple moving average is $232.69 and its two-hundred day simple moving average is $212.82. The company has a market cap of $39.90 billion, a price-to-earnings ratio of 119.23 and a beta of 3.56.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, equities analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CVNA has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Robert W. Baird raised their price objective on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Bank of America raised their price objective on Carvana from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Needham & Company LLC raised their price objective on Carvana from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Finally, Wedbush set a $250.00 price objective on Carvana and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and an average price target of $265.06.

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.