WINTON GROUP Ltd Takes Position in Carvana Co. (NYSE:CVNA)

WINTON GROUP Ltd purchased a new position in Carvana Co. (NYSE:CVNA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,611 shares of the company’s stock, valued at approximately $734,000.

Other institutional investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC grew its position 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 valued at $313,000 after acquiring an additional 51 shares during the period. Bleakley Financial Group LLC grew its holdings in 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 purchasing an additional 65 shares during the period. EverSource Wealth Advisors LLC increased its position in Carvana by 21.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after buying an additional 74 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Carvana by 2.1% in the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock valued at $752,000 after buying an additional 77 shares during the period. Finally, Global Retirement Partners LLC grew 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 period. Institutional investors own 56.71% of the company’s stock.

Carvana Price Performance

CVNA stock opened at $204.40 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The firm has a 50-day moving average of $227.25 and a 200 day moving average of $217.50. The company has a market cap of $43.57 billion, a P/E ratio of 130.19 and a beta of 3.56.

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

Analysts Set New Price Targets

CVNA has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley raised shares of Carvana from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $260.00 to $280.00 in a report on Tuesday, March 25th. Citigroup boosted their target price on shares of Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $340.00 price target on shares of Carvana in a report on Friday, March 7th. Finally, Royal Bank of Canada increased their price objective on Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $261.53.

Insider Buying and Selling at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana 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 transaction, the chief operating officer now owns 196,278 shares of the company’s stock, valued at $35,033,660.22. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,377 shares of company stock valued at $44,251,096. 17.12% of the stock is currently owned by company insiders.

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.