Carvana Co. $CVNA Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its stake in Carvana Co. (NYSE:CVNA) by 68.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,096 shares of the company’s stock after selling 34,633 shares during the period. Quadrature Capital Ltd’s holdings in Carvana were worth $5,424,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Warren Street Wealth Advisors LLC lifted its holdings in shares of Carvana by 2.8% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock valued at $388,000 after purchasing an additional 31 shares during the last quarter. MAI Capital Management increased its position in Carvana by 1.8% during 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 increased its position in Carvana by 1.2% during 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. lifted its stake in 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 during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Carvana by 29.6% in the second quarter. Parkside Financial Bank & Trust now owns 267 shares of the company’s stock valued at $90,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen cut shares of Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Jefferies Financial Group restated a “buy” rating on shares of Carvana in a research note on Tuesday. Wedbush raised shares of Carvana from a “neutral” rating to an “outperform” rating and upped their target price for the company from $380.00 to $400.00 in a report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Carvana in a report on Monday. Finally, Citigroup dropped their price target on Carvana from $490.00 to $445.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.70.

Carvana Price Performance

Shares of NYSE:CVNA opened at $374.50 on Friday. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $413.33. The company has a 50-day moving average price of $345.17 and a 200 day moving average price of $342.25. The company has a market cap of $81.47 billion, a P/E ratio of 85.50, a PEG ratio of 1.29 and a beta of 3.50. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63.

Carvana (NYSE:CVNA) last issued 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). Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.04 billion. During the same period last year, the company posted $0.64 earnings per share. The business’s quarterly revenue was up 54.5% on a year-over-year basis. Research analysts predict that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Benjamin E. Huston sold 10,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $324.57, for a total transaction of $3,245,700.00. Following the transaction, the chief operating officer directly owned 101,977 shares of the company’s stock, valued at $33,098,674.89. This represents a 8.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan S. Keeton sold 10,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $350.00, for a total transaction of $3,500,000.00. Following the completion of the transaction, the insider owned 94,958 shares of the company’s stock, valued at $33,235,300. This represents a 9.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 366,452 shares of company stock valued at $133,493,132 in the last quarter. Corporate insiders own 17.12% of the company’s stock.

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.