Quadrature Capital Ltd Purchases 66,386 Shares of Carvana Co. (NYSE:CVNA)

Quadrature Capital Ltd increased its position in shares of Carvana Co. (NYSE:CVNA) by 128.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,196 shares of the company’s stock after acquiring an additional 66,386 shares during the period. Quadrature Capital Ltd’s holdings in Carvana were worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley increased its holdings in shares of Carvana by 13.8% in the 3rd quarter. Morgan Stanley now owns 14,756,510 shares of the company’s stock worth $619,478,000 after buying an additional 1,784,009 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Carvana by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 10,023,579 shares of the company’s stock worth $530,648,000 after buying an additional 655,603 shares during the last quarter. FMR LLC increased its holdings in shares of Carvana by 0.5% in the 3rd quarter. FMR LLC now owns 4,696,510 shares of the company’s stock worth $197,160,000 after buying an additional 24,560 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Carvana by 17.1% in the 4th quarter. First Trust Advisors LP now owns 1,483,944 shares of the company’s stock worth $78,560,000 after buying an additional 216,893 shares during the last quarter. Finally, Goodnow Investment Group LLC boosted its stake in shares of Carvana by 1.6% in the 4th quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company’s stock valued at $77,532,000 after purchasing an additional 23,140 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana Trading Up 1.7 %

NYSE:CVNA opened at $110.79 on Wednesday. The company has a 50-day moving average price of $99.56 and a 200-day moving average price of $73.58. Carvana Co. has a 12 month low of $20.60 and a 12 month high of $129.00. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of 48.59 and a beta of 3.29.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, May 1st. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.76) by $0.35. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Equities analysts forecast that Carvana Co. will post -0.75 EPS for the current fiscal year.

Analyst Ratings Changes

CVNA has been the subject of a number of research reports. TD Cowen upped their price objective on shares of Carvana from $58.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Royal Bank of Canada upped their price objective on shares of Carvana from $90.00 to $130.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Carvana in a research note on Thursday, May 2nd. Raymond James raised shares of Carvana from an “underperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Carvana from $60.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.36.

Insider Transactions at Carvana

In related news, insider Thomas Taira sold 20,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $110.35, for a total value of $2,207,000.00. Following the completion of the transaction, the insider now directly owns 186,397 shares in the company, valued at approximately $20,568,908.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Thomas Taira sold 20,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $110.35, for a total value of $2,207,000.00. Following the completion of the transaction, the insider now directly owns 186,397 shares in the company, valued at approximately $20,568,908.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernest C. Garcia III sold 9,390 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $82.83, for a total transaction of $777,773.70. Following the completion of the transaction, the chief executive officer now owns 861,458 shares of the company’s stock, valued at $71,354,566.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,581,829 shares of company stock valued at $167,561,683. Company insiders own 17.18% of the company’s stock.

Carvana Company 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.