AXQ Capital LP Takes Position in Carvana Co. $CVNA

AXQ Capital LP acquired a new position in shares of Carvana Co. (NYSE:CVNA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 955 shares of the company’s stock, valued at approximately $322,000.

A number of other institutional investors also recently bought and sold shares of CVNA. Warren Street Wealth Advisors LLC boosted its holdings in Carvana by 2.8% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock valued at $388,000 after purchasing an additional 31 shares during the last quarter. MAI Capital Management raised its position in shares of Carvana by 1.8% during the 2nd quarter. MAI Capital Management now owns 1,757 shares of the company’s stock valued at $592,000 after buying an additional 31 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Carvana by 1.2% during the 2nd quarter. Kingsview Wealth Management LLC now owns 4,611 shares of the company’s stock valued at $1,554,000 after buying an additional 53 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Carvana by 5.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock valued at $256,000 after acquiring an additional 60 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Carvana by 29.6% in the second quarter. Parkside Financial Bank & Trust now owns 267 shares of the company’s stock worth $90,000 after acquiring an additional 61 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carvana

In other news, Director Gregory B. Sullivan sold 2,500 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $340.00, for a total value of $850,000.00. Following the sale, the director directly owned 39,428 shares in the company, valued at approximately $13,405,520. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan S. Keeton sold 10,000 shares of Carvana stock in a transaction on Monday, November 10th. The shares were sold at an average price of $325.03, for a total value of $3,250,300.00. Following the completion of the transaction, the insider owned 104,958 shares of the company’s stock, valued at approximately $34,114,498.74. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 376,452 shares of company stock valued at $137,402,532. Insiders own 16.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BTIG Research restated a “buy” rating and issued a $450.00 target price on shares of Carvana in a research report on Thursday, October 30th. Barclays started coverage on Carvana in a research report on Tuesday, November 11th. They set an “overweight” rating and a $390.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Carvana in a report on Friday. They issued a “buy” rating and a $395.00 price objective on the stock. Evercore ISI lowered their target price on shares of Carvana from $425.00 to $395.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $500.00 price target on shares of Carvana in a research report on Monday, November 17th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.70.

Carvana Trading Up 6.9%

NYSE CVNA opened at $331.17 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. The firm has a market cap of $72.04 billion, a price-to-earnings ratio of 75.61, a PEG ratio of 1.12 and a beta of 3.50. The firm has a 50 day simple moving average of $346.61 and a 200-day simple moving average of $340.77. Carvana Co. has a one year low of $148.25 and a one year high of $413.33.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share 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 analysts’ expectations of $5.04 billion. During the same period in the previous year, the company earned $0.64 earnings per share. Carvana’s quarterly revenue was up 54.5% on a year-over-year basis. Equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal 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.