Gavilan Investment Partners LLC Grows Position in Carvana Co. $CVNA

Gavilan Investment Partners LLC raised its holdings in Carvana Co. (NYSE:CVNA) by 24.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 86,000 shares of the company’s stock after purchasing an additional 17,000 shares during the quarter. Carvana accounts for about 8.7% of Gavilan Investment Partners LLC’s holdings, making the stock its 5th biggest position. Gavilan Investment Partners LLC’s holdings in Carvana were worth $36,294,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC increased its stake in shares of Carvana by 301.4% during the third quarter. Intech Investment Management LLC now owns 7,230 shares of the company’s stock worth $2,727,000 after purchasing an additional 5,429 shares during the period. TD Asset Management Inc increased its stake in shares of Carvana by 5.2% during the third quarter. TD Asset Management Inc now owns 133,811 shares of the company’s stock worth $50,479,000 after purchasing an additional 6,643 shares during the period. Picton Mahoney Asset Management increased its stake in shares of Carvana by 581.4% during the third quarter. Picton Mahoney Asset Management now owns 16,491 shares of the company’s stock worth $6,220,000 after purchasing an additional 14,071 shares during the period. Sands Capital Management LLC increased its stake in shares of Carvana by 87.7% during the third quarter. Sands Capital Management LLC now owns 1,691,515 shares of the company’s stock worth $638,107,000 after purchasing an additional 790,288 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Carvana by 0.5% during the third quarter. Capital Research Global Investors now owns 3,989,809 shares of the company’s stock worth $1,505,186,000 after purchasing an additional 18,631 shares during the period. Institutional investors own 56.71% of the company’s stock.

Insider Activity

In other news, insider Thomas Taira sold 18,850 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $68.20, for a total value of $1,285,570.00. Following the completion of the transaction, the insider directly owned 292,820 shares in the company, valued at approximately $19,970,324. The trade was a 6.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Danforth Quayle sold 14,525 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $70.00, for a total transaction of $1,016,750.00. Following the completion of the transaction, the director owned 214,960 shares of the company’s stock, valued at $15,047,200. The trade was a 6.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 400,812 shares of company stock valued at $28,039,446 over the last quarter. 15.19% of the stock is owned by corporate insiders.

Carvana Price Performance

Carvana stock opened at $64.09 on Friday. The stock’s fifty day moving average price is $71.20 and its two-hundred day moving average price is $75.23. Carvana Co. has a one year low of $54.46 and a one year high of $97.38. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. The firm has a market cap of $70.30 billion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 11.45 and a beta of 3.45.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $0.32 by $1.37. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.12 billion. Carvana had a net margin of 6.40% and a return on equity of 41.46%. As a group, research analysts expect that Carvana Co. will post 1.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wedbush lowered their target price on Carvana from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Barclays set a $93.00 target price on Carvana and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Jefferies Financial Group lowered their target price on Carvana from $97.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Bank of America increased their target price on Carvana from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley increased their target price on Carvana from $90.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $93.14.

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.