Virtu Financial LLC Invests $4.26 Million in Carvana Co. $CVNA

Virtu Financial LLC acquired a new position in shares of Carvana Co. (NYSE:CVNA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,084 shares of the company’s stock, valued at approximately $4,256,000.

Several other large investors have also bought and sold shares of the business. Gavilan Investment Partners LLC acquired a new position in shares of Carvana during the 3rd quarter valued at $26,030,000. Sands Capital Management LLC increased its stake in Carvana by 44.4% in the fourth quarter. Sands Capital Management LLC now owns 2,442,534 shares of the company’s stock valued at $1,030,798,000 after purchasing an additional 751,019 shares in the last quarter. Intech Investment Management LLC raised 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 valued at $2,727,000 after purchasing an additional 5,429 shares during the period. TD Asset Management Inc raised 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 valued at $50,479,000 after purchasing an additional 6,643 shares during the period. Finally, Picton Mahoney Asset Management boosted its position in shares of Carvana by 581.4% during the 3rd 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. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on CVNA shares. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research report on Friday, March 13th. Bank of America increased their price target on Carvana from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Carvana in a research note on Friday, June 5th. Gordon Haskett boosted their price objective on Carvana from $67.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $92.00 target price on shares of Carvana in a research report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carvana has an average rating of “Moderate Buy” and a consensus target price of $93.14.

Insider Buying and Selling

In related news, insider Thomas Taira sold 18,850 shares of Carvana stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $68.20, for a total transaction of $1,285,570.00. Following the sale, the insider directly owned 292,820 shares in the company, valued at approximately $19,970,324. This trade represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 on Wednesday, April 1st. The stock was sold at an average price of $61.97, for a total value of $3,098,600.00. Following the completion of the transaction, the chief operating officer directly owned 464,620 shares in the company, valued at approximately $28,793,430.64. This represents a 9.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 415,812 shares of company stock valued at $29,056,896 over the last quarter. Corporate insiders own 15.19% of the company’s stock.

Carvana Stock Up 5.9%

Carvana stock opened at $66.56 on Friday. Carvana Co. has a fifty-two week low of $54.46 and a fifty-two week high of $97.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09. The firm’s 50-day simple moving average is $71.54 and its 200 day simple moving average is $75.15. The stock has a market cap of $73.01 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 10.61 and a beta of 3.45.

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

Key Headlines Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana is pushing deeper into new-car sales with its Dallas “car playground” concept and plans to acquire seven Stellantis dealerships, which could expand its addressable market and support longer-term growth. Carvana (CVNA) Stock Could Be 45.6% Undervalued After Dallas Launch And Dealership Deal
• Positive Sentiment: Commentary around Carvana’s new sales model has highlighted customer convenience and innovation, which may be helping sentiment around the company’s long-term strategy. Carvana opens ‘car playground’ for easy test drive booking
• Positive Sentiment: Some analysts continue to argue that CVNA remains undervalued relative to its growth and operational improvements, with bullish reports pointing to expanding margins and strong execution. Carvana: 40% Growth, Expanding Margins, And More Upside Ahead
• Neutral Sentiment: Carvana’s insider activity included a director sale of 15,000 shares, but the transaction was relatively small compared with the executive’s remaining stake and does not by itself signal a major fundamental change. SEC Form 4 filing for Ira J. Platt
• Negative Sentiment: Bearish articles are warning that Carvana’s rally may have run ahead of fundamentals, citing valuation risk and the potential for a “bull trap” if growth expectations cool. Carvana’s Triple-Top Bull-Trap Plays Out – Inflated Valuation Risks Remain
• Negative Sentiment: Peer CarMax’s earnings update raised concerns about used-car margin pressure, weaker volumes, and credit risk, which spilled over into CVNA and weighed on sentiment across the auto retail group. Carvana Stock Falls As CarMax Warns Of Persistent Low Margins

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.