Landscape Capital Management L.L.C. Buys 8,213 Shares of Carvana Co. $CVNA

Landscape Capital Management L.L.C. grew its stake in shares of Carvana Co. (NYSE:CVNA) by 124.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,802 shares of the company’s stock after buying an additional 8,213 shares during the period. Landscape Capital Management L.L.C.’s holdings in Carvana were worth $6,247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CVNA. Gavilan Investment Partners LLC purchased a new position in shares of Carvana during the third quarter worth about $26,030,000. Intech Investment Management LLC grew its holdings 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 in the last quarter. TD Asset Management Inc grew its holdings 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 in the last quarter. Picton Mahoney Asset Management grew its holdings 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 in the last quarter. Finally, Sands Capital Management LLC grew its holdings 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 in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CVNA shares. Royal Bank Of Canada reissued an “outperform” rating and set a $92.00 price objective on shares of Carvana in a report on Friday. BNP Paribas Exane boosted their price objective on Carvana from $77.60 to $85.80 in a report on Thursday, April 30th. Robert W. Baird set a $88.00 price objective on Carvana in a report on Friday, May 15th. Zacks Research raised Carvana from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Morgan Stanley boosted their price objective on Carvana from $90.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and an average target price of $93.14.

Insiders Place Their Bets

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $70.39, for a total value of $3,519,500.00. Following the completion of the sale, the chief operating officer owned 515,769 shares of the company’s stock, valued at $36,304,979.91. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $70.40, for a total value of $4,488,000.00. Following the completion of the sale, the chief financial officer directly owned 1,036,594 shares of the company’s stock, valued at approximately $72,976,217.60. This represents a 5.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 400,812 shares of company stock valued at $28,039,446 over the last 90 days. Company insiders own 15.19% of the company’s stock.

Carvana Stock Down 5.5%

Shares of CVNA opened at $64.09 on Friday. The firm has a market cap of $70.30 billion, a P/E ratio of 38.98, a P/E/G ratio of 10.82 and a beta of 3.45. The stock has a 50 day simple moving average of $71.20 and a two-hundred day simple moving average of $75.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 2.57. Carvana Co. has a 1 year low of $54.46 and a 1 year high of $97.38.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.37. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.12 billion. Carvana had a return on equity of 41.46% and a net margin of 6.40%. On average, analysts forecast that Carvana Co. will post 1.58 earnings per share for the current fiscal year.

Carvana Profile

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.