Carvana Co. (NYSE:CVNA) Position Raised by Chicago Capital LLC

Chicago Capital LLC lifted its position in shares of Carvana Co. (NYSE:CVNAFree Report) by 13.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,109 shares of the company’s stock after acquiring an additional 710 shares during the period. Chicago Capital LLC’s holdings in Carvana were worth $1,242,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. FMR LLC increased its holdings in shares of Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the period. Whale Rock Capital Management LLC bought a new stake in shares of Carvana during the 3rd quarter worth about $162,953,000. Lord Abbett & CO. LLC lifted its stake in shares of Carvana by 1,454.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after acquiring an additional 503,824 shares during the period. Eagle Asset Management Inc. bought a new position in shares of Carvana in the third quarter valued at approximately $50,531,000. Finally, Holocene Advisors LP increased its stake in shares of Carvana by 108.2% during the third quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock valued at $96,476,000 after acquiring an additional 287,983 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Activity

In related news, insider Daniel J. Gill sold 44,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark W. Jenkins sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $241.78, for a total value of $4,835,600.00. Following the sale, the chief financial officer now owns 170,732 shares in the company, valued at approximately $41,279,582.96. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,845 shares of company stock valued at $33,077,056 over the last 90 days. 17.12% of the stock is owned by company insiders.

Carvana Trading Up 1.8 %

Shares of CVNA stock opened at $251.81 on Tuesday. The firm has a 50-day moving average price of $230.40 and a 200 day moving average price of $195.56. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana Co. has a 12-month low of $41.75 and a 12-month high of $268.34. The company has a market capitalization of $52.28 billion, a P/E ratio of 25,206.31 and a beta of 3.38.

Analyst Ratings Changes

A number of equities analysts have issued reports on CVNA shares. Wedbush increased their price target on Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Stephens reaffirmed an “overweight” rating and set a $300.00 target price on shares of Carvana in a report on Thursday, January 2nd. Needham & Company LLC restated a “buy” rating and set a $330.00 price objective on shares of Carvana in a research report on Tuesday, January 7th. Bank of America boosted their target price on shares of Carvana from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, JMP Securities restated a “market outperform” rating and set a $320.00 target price on shares of Carvana in a report on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.88.

Check Out Our Latest Stock Report on Carvana

Carvana Profile

(Free Report)

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.

Read More

Want to see what other hedge funds are holding CVNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carvana Co. (NYSE:CVNAFree Report).

Institutional Ownership by Quarter for Carvana (NYSE:CVNA)

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.