Counterpoint Mutual Funds LLC Invests $270,000 in Carvana Co. (NYSE:CVNA)

Counterpoint Mutual Funds LLC bought a new position in Carvana Co. (NYSE:CVNA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,327 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVNA. Quent Capital LLC purchased a new position in shares of Carvana in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC lifted its stake in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in shares of Carvana during the 4th quarter worth approximately $31,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana during the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup raised their price target on Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company decreased their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Bank of America decreased their price target on Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Robert W. Baird raised their price target on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $340.00 target price on shares of Carvana in a research report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and an average price target of $262.71.

Insider Activity at Carvana

In related news, CFO Mark W. Jenkins sold 10,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 189,097 shares of the company’s stock, valued at $37,961,222.75. This represents a 5.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,278 shares in the company, valued at $35,033,660.22. This represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,784 shares of company stock valued at $27,524,344 in the last ninety days. Corporate insiders own 17.12% of the company’s stock.

Carvana Trading Down 10.6 %

Shares of NYSE CVNA opened at $166.65 on Wednesday. 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 stock has a market capitalization of $35.52 billion, a P/E ratio of 106.14 and a beta of 3.56. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84. The business has a fifty day moving average price of $228.25 and a 200 day moving average price of $214.65.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Equities research analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal 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.