Carvana Co. $CVNA Shares Sold by Metavasi Capital LP

Metavasi Capital LP trimmed its holdings in shares of Carvana Co. (NYSE:CVNA) by 43.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,492 shares of the company’s stock after selling 24,815 shares during the period. Carvana comprises 4.5% of Metavasi Capital LP’s investment portfolio, making the stock its 7th largest position. Metavasi Capital LP’s holdings in Carvana were worth $10,949,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Warren Street Wealth Advisors LLC boosted its position in Carvana by 2.8% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock worth $388,000 after purchasing an additional 31 shares during the period. MAI Capital Management boosted its position in shares of Carvana by 1.8% in the second quarter. MAI Capital Management now owns 1,757 shares of the company’s stock worth $592,000 after buying an additional 31 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of Carvana by 1.2% in the second quarter. Kingsview Wealth Management LLC now owns 4,611 shares of the company’s stock worth $1,554,000 after buying an additional 53 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Carvana by 5.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock valued at $256,000 after buying an additional 60 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Carvana by 29.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 267 shares of the company’s stock valued at $90,000 after buying an additional 61 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Stock Performance

Shares of CVNA stock opened at $472.66 on Friday. The stock has a market capitalization of $102.82 billion, a price-to-earnings ratio of 107.91, a PEG ratio of 1.69 and a beta of 3.51. Carvana Co. has a one year low of $148.25 and a one year high of $475.00. The company’s 50-day simple moving average is $352.24 and its 200-day simple moving average is $349.87. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05.

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

Insider Transactions at Carvana

In related news, insider Ryan S. Keeton sold 32,370 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $301.68, for a total transaction of $9,765,381.60. Following the completion of the sale, the insider owned 115,456 shares of the company’s stock, valued at $34,830,766.08. This represents a 21.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Taira sold 30,952 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $435.96, for a total transaction of $13,493,833.92. Following the sale, the insider owned 69,880 shares in the company, valued at approximately $30,464,884.80. This trade represents a 30.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 544,332 shares of company stock valued at $213,456,942 over the last quarter. Insiders own 17.12% of the company’s stock.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Carvana in a research report on Friday, November 21st. They set a “buy” rating and a $395.00 target price on the stock. Evercore ISI boosted their price objective on shares of Carvana from $395.00 to $420.00 and gave the stock an “in-line” rating in a report on Tuesday. UBS Group started coverage on Carvana in a research note on Monday, December 1st. They set a “buy” rating and a $450.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $460.00 target price on shares of Carvana in a research report on Thursday, October 30th. Finally, Wall Street Zen downgraded Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.76.

Carvana 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.