Campbell & CO Investment Adviser LLC Has $659,000 Stock Position in Carvana Co. $CVNA

Campbell & CO Investment Adviser LLC cut its stake in shares of Carvana Co. (NYSE:CVNA) by 59.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,748 shares of the company’s stock after selling 2,526 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Carvana were worth $659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Carvana by 0.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,100 shares of the company’s stock worth $10,223,000 after buying an additional 100 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in shares of Carvana in the 3rd quarter valued at approximately $227,000. Versant Capital Management Inc boosted its stake in Carvana by 18.1% during the 3rd quarter. Versant Capital Management Inc now owns 379 shares of the company’s stock worth $143,000 after acquiring an additional 58 shares during the last quarter. Quent Capital LLC acquired a new position in Carvana during the third quarter valued at approximately $63,000. Finally, Nordea Investment Management AB grew its holdings in Carvana by 173.8% during the third quarter. Nordea Investment Management AB now owns 136,115 shares of the company’s stock valued at $51,861,000 after purchasing an additional 86,398 shares during the period. Institutional investors own 56.71% of the company’s stock.

Insider Activity at Carvana

In other news, Director Michael E. Maroone sold 30,928 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $400.34, for a total value of $12,381,715.52. Following the completion of the transaction, the director owned 143,573 shares in the company, valued at $57,478,014.82. This trade represents a 17.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Taira sold 30,952 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $435.96, for a total value of $13,493,833.92. Following the sale, the insider owned 69,880 shares in the company, valued at $30,464,884.80. The trade was a 30.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 467,626 shares of company stock worth $192,090,109. Corporate insiders own 16.36% of the company’s stock.

Carvana Price Performance

Shares of CVNA opened at $441.71 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $485.33. The stock has a market capitalization of $96.09 billion, a P/E ratio of 100.85, a P/E/G ratio of 1.06 and a beta of 3.54. The company has a 50 day moving average of $411.25 and a 200-day moving average of $373.74.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. As a group, equities research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CVNA. Zacks Research cut shares of Carvana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. DA Davidson set a $360.00 target price on Carvana in a report on Thursday, October 30th. Wall Street Zen cut Carvana from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Argus began coverage on Carvana in a research report on Monday, December 15th. They set a “buy” rating and a $500.00 price target on the stock. Finally, BTIG Research lifted their price objective on Carvana from $450.00 to $535.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $465.64.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.