Two Sigma Advisers LP Sells 273,000 Shares of Carvana Co. (NYSE:CVNA)

Two Sigma Advisers LP trimmed its position in shares of Carvana Co. (NYSE:CVNA) by 14.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,677,035 shares of the company’s stock after selling 273,000 shares during the quarter. Two Sigma Advisers LP’s holdings in Carvana were worth $341,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC boosted its holdings in shares of Carvana by 3.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after acquiring an additional 51 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Carvana by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after acquiring an additional 65 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Carvana by 21.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after acquiring an additional 74 shares during the period. Great Lakes Advisors LLC boosted its holdings in shares of Carvana by 2.1% in the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock worth $752,000 after acquiring an additional 77 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 78 shares during the period. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 70,166 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the sale, the insider now owns 201,087 shares in the company, valued at $56,591,914.41. This trade represents a 25.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Taira sold 27,593 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the transaction, the insider now directly owns 179,673 shares in the company, valued at $40,431,815.19. This trade represents a 13.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 618,735 shares of company stock worth $153,823,367 over the last 90 days. Corporate insiders own 17.12% of the company’s stock.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of analyst reports. Citigroup raised their price target on Carvana from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $340.00 price target on shares of Carvana in a report on Thursday, May 8th. JMP Securities cut their price target on Carvana from $340.00 to $275.00 and set a “market outperform” rating for the company in a report on Wednesday, April 9th. Wedbush raised Carvana to a “hold” rating in a report on Thursday, May 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $300.00 price target on shares of Carvana in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $269.18.

Carvana Trading Up 0.8%

Shares of CVNA stock opened at $299.68 on Monday. The business’s fifty day moving average is $220.71 and its 200 day moving average is $230.22. Carvana Co. has a 52-week low of $97.55 and a 52-week high of $311.88. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company has a market capitalization of $64.17 billion, a PE ratio of 190.88 and a beta of 3.61.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. On average, equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.