Bosun Asset Management LLC Sells 766 Shares of Carvana Co. (NYSE:CVNA)

Bosun Asset Management LLC reduced its position in shares of Carvana Co. (NYSE:CVNA) by 7.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,355 shares of the company’s stock after selling 766 shares during the quarter. Bosun Asset Management LLC’s holdings in Carvana were worth $1,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CVNA. Norges Bank bought a new position in shares of Carvana during the fourth quarter valued at approximately $179,364,000. Vanguard Group Inc. increased its position in Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock valued at $2,323,463,000 after purchasing an additional 610,234 shares during the period. BNP Paribas Financial Markets raised its holdings in Carvana by 89.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company’s stock worth $207,086,000 after purchasing an additional 481,912 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Carvana in the 4th quarter worth about $86,636,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Carvana during the 4th quarter valued at about $60,866,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. William Blair restated an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Evercore ISI dropped their price target on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. DA Davidson increased their price objective on Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Citigroup dropped their target price on shares of Carvana from $320.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Carvana from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and a consensus target price of $254.76.

Carvana Trading Up 0.9 %

Carvana stock opened at $259.29 on Tuesday. Carvana Co. has a 52-week low of $97.55 and a 52-week high of $292.84. The company has a market cap of $55.27 billion, a P/E ratio of 165.15 and a beta of 3.61. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The business has a 50-day simple moving average of $206.35 and a two-hundred day simple moving average of $225.41.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Transactions at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,278 shares in the company, valued at approximately $35,033,660.22. The trade was a 20.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 348,560 shares of company stock worth $73,806,520 in the last three months. Corporate insiders own 17.12% 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.