Carvana Co. (NYSE:CVNA) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in shares of Carvana Co. (NYSE:CVNAFree Report) by 92.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 254,611 shares of the company’s stock after buying an additional 122,197 shares during the period. Gotham Asset Management LLC’s holdings in Carvana were worth $10,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CVNA. Morgan Stanley raised its stake in shares of Carvana by 65.1% in the fourth quarter. Morgan Stanley now owns 14,083,153 shares of the company’s stock valued at $66,754,000 after acquiring an additional 5,554,691 shares in the last quarter. Spruce House Investment Management LLC raised its stake in Carvana by 52.7% in the fourth quarter. Spruce House Investment Management LLC now owns 10,000,000 shares of the company’s stock valued at $47,400,000 after buying an additional 3,450,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Carvana by 46.8% in the first quarter. Vanguard Group Inc. now owns 7,297,426 shares of the company’s stock valued at $870,511,000 after buying an additional 2,325,545 shares in the last quarter. FMR LLC raised its stake in Carvana by 0.5% in the third quarter. FMR LLC now owns 4,696,510 shares of the company’s stock valued at $197,160,000 after buying an additional 24,560 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Carvana in the fourth quarter valued at $14,102,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carvana

In other Carvana news, insider Paul W. Breaux sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $59.00, for a total value of $1,180,000.00. Following the completion of the transaction, the insider now directly owns 144,819 shares in the company, valued at approximately $8,544,321. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Paul W. Breaux sold 15,000 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 150,126 shares of the company’s stock, valued at approximately $10,358,694. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul W. Breaux sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $59.00, for a total transaction of $1,180,000.00. Following the sale, the insider now directly owns 144,819 shares of the company’s stock, valued at $8,544,321. The disclosure for this sale can be found here. In the last three months, insiders sold 39,515 shares of company stock worth $2,438,809. Insiders own 17.12% of the company’s stock.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of analyst reports. Morgan Stanley raised their price target on Carvana from $32.00 to $45.00 and gave the company an “underweight” rating in a research note on Monday. William Blair upgraded Carvana from a “market perform” rating to an “outperform” rating in a research report on Friday, February 23rd. JMP Securities lifted their target price on Carvana from $60.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Friday, February 23rd. Wedbush lifted their target price on Carvana from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Raymond James upgraded Carvana from an “underperform” rating to a “market perform” rating in a research report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.53.

View Our Latest Stock Report on Carvana

Carvana Stock Performance

CVNA traded down $4.94 during trading on Wednesday, reaching $75.48. The company’s stock had a trading volume of 8,223,344 shares, compared to its average volume of 7,632,559. Carvana Co. has a 52-week low of $6.45 and a 52-week high of $83.37. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of 139.72 and a beta of 3.19. The company’s fifty day moving average price is $50.12 and its 200-day moving average price is $42.86.

Carvana (NYSE:CVNAGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.05). The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.56 billion. The business’s revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.97) EPS. Equities analysts predict that Carvana Co. will post -3.78 earnings per share for the current year.

Carvana Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CVNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carvana Co. (NYSE:CVNAFree Report).

Institutional Ownership by Quarter for Carvana (NYSE:CVNA)

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.