12,370 Shares in Carvana Co. $CVNA Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in shares of Carvana Co. (NYSE:CVNA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,370 shares of the company’s stock, valued at approximately $4,168,000.

A number of other large investors have also bought and sold shares of CVNA. Hilltop National Bank bought a new stake in shares of Carvana in the second quarter valued at $25,000. Brooklyn Investment Group increased its holdings in Carvana by 961.5% in the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock worth $29,000 after acquiring an additional 125 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in Carvana by 960.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 96 shares during the period. LRI Investments LLC purchased a new stake in Carvana during the second quarter valued at about $42,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Carvana during the second quarter valued at about $49,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Carvana news, insider Thomas Taira sold 10,000 shares of Carvana stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $375.01, for a total transaction of $3,750,100.00. Following the completion of the sale, the insider directly owned 106,507 shares in the company, valued at $39,941,190.07. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan S. Keeton sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $375.04, for a total transaction of $3,750,400.00. Following the completion of the transaction, the insider directly owned 84,958 shares of the company’s stock, valued at approximately $31,862,648.32. This represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 366,452 shares of company stock worth $133,974,140. Company insiders own 17.12% of the company’s stock.

Carvana Stock Up 3.3%

CVNA opened at $394.94 on Thursday. The firm has a market capitalization of $85.92 billion, a P/E ratio of 90.17, a price-to-earnings-growth ratio of 1.38 and a beta of 3.51. Carvana Co. has a one year low of $148.25 and a one year high of $413.33. The company has a fifty day moving average price of $345.36 and a 200-day moving average price of $344.35. 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) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.04 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s quarterly revenue was up 54.5% on a year-over-year basis. Equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $500.00 price target on shares of Carvana in a research report on Monday, November 17th. Morgan Stanley set a $450.00 price objective on shares of Carvana in a research note on Monday, October 20th. Stephens reissued an “overweight” rating and set a $440.00 target price on shares of Carvana in a report on Tuesday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Carvana in a report on Tuesday, November 25th. Finally, Barclays started coverage on Carvana in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $390.00 price target for the company. Eighteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $422.10.

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.