Two Sigma Securities LLC Purchases 9,603 Shares of Carvana Co. $CVNA

Two Sigma Securities LLC lifted its holdings in Carvana Co. (NYSE:CVNA) by 471.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,642 shares of the company’s stock after purchasing an additional 9,603 shares during the quarter. Two Sigma Securities LLC’s holdings in Carvana were worth $766,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CVNA. Ascentis Independent Advisors bought a new position in Carvana during the first quarter valued at $26,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Carvana in the 4th quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Carvana by 152.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 96 shares of the company’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Carvana by 558.0% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 454 shares of the company’s stock valued at $30,000 after buying an additional 385 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Carvana during the 4th quarter valued at about $33,000. Institutional investors own 56.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director J Danforth Quayle sold 14,525 shares of Carvana 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 sale, the director owned 214,960 shares of the company’s stock, valued at approximately $15,047,200. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $68.55, for a total value of $3,427,500.00. Following the completion of the sale, the chief operating officer owned 458,755 shares of the company’s stock, valued at $31,447,655.25. The trade was a 9.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 302,147 shares of company stock worth $20,418,064. 15.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on CVNA shares. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Carvana in a research report on Thursday, July 30th. BTIG Research restated a “buy” rating and set a $87.00 price objective on shares of Carvana in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Carvana in a research note on Friday, July 31st. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Citizens Jmp cut their target price on Carvana from $103.00 to $83.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Carvana Stock Down 2.1%

NYSE:CVNA opened at $71.94 on Wednesday. The company has a market cap of $79.17 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 2.12 and a beta of 3.46. Carvana Co. has a twelve month low of $54.46 and a twelve month high of $97.38. The company has a current ratio of 3.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $68.38 and a 200-day simple moving average of $68.23.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The business’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. Analysts anticipate that Carvana Co. will post 1.68 EPS for the current year.

Carvana Company 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.