Vinva Investment Management Ltd Has $2.48 Million Stake in Carvana Co. $CVNA

by · The Cerbat Gem

Vinva Investment Management Ltd grew its position in Carvana Co. (NYSE:CVNA – Free Report) by 260.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,776 shares of the company’s stock after purchasing an additional 5,619 shares during the quarter. Vinva Investment Management Ltd’s holdings in Carvana were worth $2,483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Employees Retirement System of Texas bought a new position in Carvana in the second quarter valued at approximately $303,000. Choreo LLC boosted its holdings in shares of Carvana by 17.8% in the 2nd quarter. Choreo LLC now owns 1,218 shares of the company’s stock valued at $410,000 after purchasing an additional 184 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Carvana by 116.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 123,945 shares of the company’s stock valued at $41,704,000 after purchasing an additional 66,697 shares in the last quarter. Inceptionr LLC bought a new position in shares of Carvana in the 2nd quarter valued at $494,000. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Carvana by 9.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 1,201 shares of the company’s stock worth $405,000 after buying an additional 100 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana Stock Performance

Carvana stock opened at $374.50 on Friday. The business has a 50 day moving average of $345.17 and a 200-day moving average of $342.25. The company has a market capitalization of $81.47 billion, a P/E ratio of 85.50, a P/E/G ratio of 1.29 and a beta of 3.50. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $413.33. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55.

Carvana (NYSE:CVNA – Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.26). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s quarterly revenue was up 54.5% on a year-over-year basis. On average, equities research analysts predict that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CVNA. DA Davidson set a $360.00 price objective on Carvana in a research note on Thursday, October 30th. BTIG Research reissued a “buy” rating and issued a $450.00 target price on shares of Carvana in a report on Thursday, October 30th. Wedbush raised shares of Carvana from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $380.00 to $400.00 in a report on Monday. Jefferies Financial Group reiterated a “buy” rating on shares of Carvana in a research report on Tuesday. Finally, Morgan Stanley set a $450.00 price objective on shares of Carvana in a research note on Monday, October 20th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $420.70.

Get Our Latest Report on CVNA

Insider Buying and Selling

In other Carvana news, COO Benjamin E. Huston sold 10,000 shares of Carvana stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $324.57, for a total transaction of $3,245,700.00. Following the transaction, the chief operating officer directly owned 101,977 shares of the company’s stock, valued at approximately $33,098,674.89. The trade was a 8.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen R. Palmer sold 1,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $305.00, for a total value of $305,000.00. Following the completion of the sale, the vice president owned 41,868 shares in the company, valued at $12,769,740. This trade represents a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 366,452 shares of company stock valued at $133,493,132 over the last quarter. 17.12% of the stock is currently owned by company insiders.

About Carvana

(Free Report)

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.

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