Mitsubishi UFJ Trust & Banking Corp Makes New Investment in Carvana Co. (NYSE:CVNA)

Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Carvana Co. (NYSE:CVNA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 52,480 shares of the company’s stock, valued at approximately $10,672,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CVNA. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Carvana in the fourth quarter valued at approximately $319,000. EntryPoint Capital LLC increased its position in shares of Carvana by 20.3% in the 4th quarter. EntryPoint Capital LLC now owns 2,532 shares of the company’s stock valued at $515,000 after purchasing an additional 428 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Carvana by 204.1% in the 4th quarter. Prudential Financial Inc. now owns 405,462 shares of the company’s stock valued at $82,455,000 after purchasing an additional 272,114 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after purchasing an additional 610,234 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Carvana by 7.7% during the fourth quarter. LPL Financial LLC now owns 42,745 shares of the company’s stock worth $8,693,000 after purchasing an additional 3,067 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Stock Up 0.2 %

Carvana stock opened at $204.40 on Friday. The stock has a 50 day moving average of $227.25 and a two-hundred day moving average of $217.50. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. The stock has a market capitalization of $43.57 billion, a price-to-earnings ratio of 130.19 and a beta of 3.56. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.27. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Activity

In other news, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the transaction, the chief financial officer now directly owns 189,097 shares in the company, valued at $37,961,222.75. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,377 shares of company stock valued at $44,251,096 over the last quarter. Corporate insiders own 17.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CVNA. Needham & Company LLC restated a “buy” rating and issued a $340.00 price target on shares of Carvana in a research note on Friday, March 7th. Evercore ISI cut their target price on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. Stephens reaffirmed an “overweight” rating and issued a $300.00 price target on shares of Carvana in a report on Monday, March 3rd. Royal Bank of Canada raised their price objective on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their target price on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.53.

Carvana Company Profile

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.