UniSuper Management Pty Ltd Purchases 42,000 Shares of Carvana Co. $CVNA

UniSuper Management Pty Ltd increased its position in Carvana Co. (NYSE:CVNA) by 2,100.0% in the third quarter, Holdings Channel.com reports. The firm owned 44,000 shares of the company’s stock after acquiring an additional 42,000 shares during the period. UniSuper Management Pty Ltd’s holdings in Carvana were worth $16,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Carvana by 40.8% in the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock valued at $6,243,000 after purchasing an additional 8,654 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Carvana by 251.4% in the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock valued at $53,000 after buying an additional 181 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Carvana by 82.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,533 shares of the company’s stock valued at $1,579,000 after acquiring an additional 2,051 shares during the last quarter. Park Avenue Securities LLC bought a new position in Carvana in the second quarter valued at approximately $796,000. Finally, GAMMA Investing LLC grew its holdings in Carvana by 14.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,174 shares of the company’s stock worth $396,000 after acquiring an additional 144 shares during the period. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Daniel J. Gill sold 80,000 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $439.50, for a total value of $35,160,000.00. Following the completion of the transaction, the insider directly owned 191,106 shares of the company’s stock, valued at approximately $83,991,087. This represents a 29.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Taira sold 30,952 shares of Carvana stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $435.96, for a total value of $13,493,833.92. Following the completion of the sale, the insider directly owned 69,880 shares in the company, valued at $30,464,884.80. This represents a 30.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 467,626 shares of company stock valued at $192,090,109. 17.12% of the stock is owned by corporate insiders.

Carvana Trading Down 1.1%

NYSE CVNA opened at $473.08 on Friday. Carvana Co. has a one year low of $148.25 and a one year high of $486.89. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. The firm has a market cap of $102.91 billion, a P/E ratio of 108.01, a P/E/G ratio of 1.14 and a beta of 3.54. The stock’s 50-day moving average is $420.06 and its 200-day moving average is $376.03.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.Carvana’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. Sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $460.00 price target on shares of Carvana in a research note on Thursday, October 30th. JPMorgan Chase & Co. increased their target price on Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Argus started coverage on Carvana in a research report on Monday, December 15th. They set a “buy” rating and a $500.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price target on shares of Carvana in a research note on Monday, November 17th. Finally, Bank of America lifted their price objective on shares of Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Carvana has an average rating of “Moderate Buy” and an average price target of $468.59.

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.