Taika Capital LP Acquires New Stake in Carvana Co. (NYSE:CVNA)

Taika Capital LP bought a new position in shares of Carvana Co. (NYSE:CVNA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 13,119 shares of the company’s stock, valued at approximately $2,668,000. Carvana accounts for 2.0% of Taika Capital LP’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Carvana in the third quarter valued at approximately $377,000. Capital Performance Advisors LLP acquired a new position in shares of Carvana in the 3rd quarter worth approximately $40,000. Sigma Planning Corp bought a new stake in shares of Carvana in the 3rd quarter valued at $228,000. Axxcess Wealth Management LLC acquired a new stake in shares of Carvana during the third quarter worth $784,000. Finally, Colonial River Investments LLC bought a new position in Carvana during the third quarter worth $786,000. Institutional investors own 56.71% of the company’s stock.

Carvana Trading Up 0.7 %

CVNA opened at $188.19 on Monday. The firm has a market capitalization of $40.11 billion, a PE ratio of 119.86 and a beta of 3.56. 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 fifty-two week low of $67.61 and a fifty-two week high of $292.84. The company’s 50-day moving average is $231.41 and its 200 day moving average is $213.67.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping 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 return on equity of 36.59% and a net margin of 1.54%. As a group, research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insider Activity at Carvana

In other Carvana news, insider Ryan S. Keeton sold 24,845 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the sale, the insider now directly owns 151,029 shares of the company’s stock, valued at approximately $37,440,089.10. This represents a 14.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark W. Jenkins sold 28,422 shares of Carvana stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $63,536,023.70. This represents a 11.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 119,629 shares of company stock valued at $30,866,419. 17.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on CVNA shares. Bank of America upped their price target on shares of Carvana from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Citigroup upped their target price on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $320.00 target price on shares of Carvana in a report on Monday, December 16th. William Blair reissued an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Finally, Evercore ISI raised their price objective on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $265.94.

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.