Semanteon Capital Management LP Purchases Shares of 4,472 Carvana Co. (NYSE:CVNA)

Semanteon Capital Management LP acquired a new position in shares of Carvana Co. (NYSE:CVNA) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,472 shares of the company’s stock, valued at approximately $909,000.

Several other institutional investors also recently modified their holdings of CVNA. Fidelis Capital Partners LLC lifted its holdings in shares of Carvana by 3.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after acquiring an additional 51 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Carvana by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after acquiring an additional 65 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock valued at $87,000 after purchasing an additional 74 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Carvana by 2.1% in the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock worth $752,000 after purchasing an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position 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 purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the completion of the transaction, the chief financial officer now owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the sale, the chief operating officer now owns 196,278 shares in the company, valued at $35,033,660.22. This represents a 20.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,784 shares of company stock valued at $27,524,344. 17.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price objective on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Citigroup increased their target price on shares of Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Stephens reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a research report on Monday, March 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $340.00 price target on shares of Carvana in a research note on Friday, March 7th. Finally, William Blair reiterated an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and an average price target of $262.71.

Carvana Price Performance

Shares of Carvana stock opened at $185.41 on Friday. The company has a 50-day simple moving average of $227.61 and a two-hundred day simple moving average of $214.18. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. The stock has a market capitalization of $39.52 billion, a price-to-earnings ratio of 118.10 and a beta of 3.56. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. The business 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%. Analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

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.