Pelham Capital Ltd. Has $6.04 Million Holdings in Carvana Co. (NYSE:CVNA)

Pelham Capital Ltd. lessened its holdings in Carvana Co. (NYSE:CVNA) by 33.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,680 shares of the company’s stock after selling 15,020 shares during the period. Carvana makes up 3.5% of Pelham Capital Ltd.’s portfolio, making the stock its 9th biggest position. Pelham Capital Ltd.’s holdings in Carvana were worth $6,036,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CVNA. FMR LLC raised its position in 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 last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Carvana in the third quarter valued at $162,953,000. Lord Abbett & CO. LLC raised its holdings in shares of Carvana by 1,454.1% in the third quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock valued at $93,754,000 after buying an additional 503,824 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in Carvana during the 3rd quarter worth about $50,531,000. Finally, Holocene Advisors LP increased its position in Carvana by 108.2% in the 3rd quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock valued at $96,476,000 after acquiring an additional 287,983 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the sale, the insider now owns 191,225 shares in the company, valued at $49,617,150.75. This trade represents a 18.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the transaction, the chief financial officer now owns 189,761 shares in the company, valued at $48,402,338.27. This represents a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,845 shares of company stock worth $30,742,656. Insiders own 17.12% of the company’s stock.

Carvana Trading Up 0.4 %

NYSE CVNA opened at $264.18 on Friday. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. Carvana Co. has a 52 week low of $47.54 and a 52 week high of $268.34. The stock has a market capitalization of $54.85 billion, a price-to-earnings ratio of 26,444.64 and a beta of 3.37. The stock’s 50 day moving average price is $230.69 and its two-hundred day moving average price is $198.75.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CVNA. Citigroup raised shares of Carvana from a “neutral” rating to a “buy” rating and raised their price target for the company from $195.00 to $277.00 in a report on Wednesday, January 8th. Jefferies Financial Group lifted their price objective on Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Piper Sandler upped their target price on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company dropped their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $110.00 to $260.00 in a report on Tuesday, November 5th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $249.29.

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.