Lisanti Capital Growth LLC Reduces Holdings in Carvana Co. (NYSE:CVNA)

Lisanti Capital Growth LLC decreased its position in shares of Carvana Co. (NYSE:CVNA) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,325 shares of the company’s stock after selling 385 shares during the period. Lisanti Capital Growth LLC’s holdings in Carvana were worth $880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVNA. FMR LLC increased its stake in Carvana by 90.8% during the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after buying an additional 5,882,656 shares during the period. Whale Rock Capital Management LLC acquired a new position in Carvana during the 3rd quarter worth $162,953,000. Lord Abbett & CO. LLC grew its holdings in Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after acquiring an additional 503,824 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Carvana during the 4th quarter worth $60,866,000. Finally, Eagle Asset Management Inc. acquired a new position in Carvana during the 3rd quarter worth $50,531,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Trading Up 0.7 %

Carvana stock opened at $188.19 on Friday. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a 50-day moving average price of $231.95 and a two-hundred day moving average price of $212.64. The firm has a market capitalization of $40.11 billion, a price-to-earnings ratio of 119.86 and a beta of 3.56. Carvana Co. has a 52-week low of $67.61 and a 52-week high of $292.84.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Sell-side analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Carvana

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of the business’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 in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 28,422 shares of the business’s 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 completion of the sale, the chief financial officer now owns 219,962 shares in the company, valued at $63,536,023.70. The trade was a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,629 shares of company stock valued at $30,866,419 in the last ninety days. Company insiders own 17.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CVNA. Citigroup raised their price objective on shares of Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Bank of America raised their price objective on shares of Carvana from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JMP Securities reissued a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a report on Monday, December 16th. Royal Bank of Canada raised their price objective on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report 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 report on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $265.94.

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.