Quantbot Technologies LP Buys 44,594 Shares of Carvana Co. (NYSE:CVNA)

Quantbot Technologies LP raised its position in shares of Carvana Co. (NYSE:CVNA) by 93.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 92,204 shares of the company’s stock after purchasing an additional 44,594 shares during the quarter. Carvana makes up approximately 0.7% of Quantbot Technologies LP’s investment portfolio, making the stock its 6th largest holding. Quantbot Technologies LP’s holdings in Carvana were worth $18,751,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CVNA. FMR LLC lifted its stake in shares of Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the period. Lingotto Investment Management LLP increased its holdings in Carvana by 1.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock worth $810,827,000 after purchasing an additional 57,215 shares in the last quarter. State Street Corp lifted its stake in Carvana by 6.1% in the third quarter. State Street Corp now owns 1,877,511 shares of the company’s stock valued at $326,893,000 after buying an additional 107,610 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Carvana by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock worth $315,133,000 after buying an additional 131,059 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in shares of Carvana during the 3rd quarter worth approximately $162,953,000. Institutional investors own 56.71% of the company’s stock.

Analyst Ratings Changes

CVNA has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $340.00 target price on shares of Carvana in a research report on Friday, March 7th. Citigroup increased their price objective on shares of Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. DA Davidson boosted their target price on Carvana from $220.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Finally, Evercore ISI reduced their price objective on Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.65.

Insider Activity at Carvana

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total transaction 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 $37,961,222.75. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,784 shares of company stock worth $18,599,844. Insiders own 17.12% of the company’s stock.

Carvana Trading Down 7.6 %

Shares of Carvana stock opened at $165.67 on Friday. The stock has a fifty day moving average price of $229.54 and a 200-day moving average price of $213.65. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The firm has a market cap of $35.32 billion, a PE ratio of 105.52 and a beta of 3.56. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84.

Carvana (NYSE:CVNA) last announced 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. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

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.