UniSuper Management Pty Ltd Purchases 42,000 Shares of Carvana Co. $CVNA

UniSuper Management Pty Ltd lifted its position in shares of Carvana Co. (NYSE:CVNA) by 2,100.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,000 shares of the company’s stock after purchasing an additional 42,000 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Carvana were worth $16,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CVNA. Vanguard Group Inc. boosted its stake in Carvana by 1.8% during the second quarter. Vanguard Group Inc. now owns 12,764,230 shares of the company’s stock worth $4,301,035,000 after buying an additional 229,387 shares in the last quarter. State Street Corp boosted its position in shares of Carvana by 15.0% during the 2nd quarter. State Street Corp now owns 2,765,046 shares of the company’s stock valued at $931,710,000 after acquiring an additional 361,624 shares in the last quarter. Geode Capital Management LLC increased its stake in Carvana by 11.0% in the second quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock valued at $750,301,000 after acquiring an additional 221,161 shares during the period. Sands Capital Management LLC raised its position in Carvana by 1,374.3% in the second quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock worth $303,677,000 after purchasing an additional 840,096 shares in the last quarter. Finally, Norges Bank acquired a new position in Carvana in the second quarter worth about $259,468,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Carvana from $450.00 to $545.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Bank of America raised their target price on Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Carvana in a research report on Tuesday, January 13th. Wall Street Zen lowered Carvana from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $468.59.

Insider Activity

In other news, insider Thomas Taira sold 1,174 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $447.00, for a total transaction of $524,778.00. Following the sale, the insider directly owned 68,252 shares of the company’s stock, valued at $30,508,644. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Benjamin E. Huston sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $401.94, for a total transaction of $4,019,400.00. Following the completion of the sale, the chief operating officer directly owned 99,871 shares of the company’s stock, valued at approximately $40,142,149.74. This represents a 9.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 467,626 shares of company stock worth $192,090,109. 17.12% of the stock is currently owned by insiders.

Carvana Trading Down 1.1%

Shares of CVNA opened at $473.08 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. The company has a market cap of $102.91 billion, a price-to-earnings ratio of 108.01, a PEG ratio of 1.14 and a beta of 3.54. The stock has a fifty day moving average price of $420.06 and a two-hundred day moving average price of $376.03. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $486.89.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $5.04 billion. During the same quarter in the previous year, the company posted $0.64 EPS. Carvana’s revenue for the quarter was up 54.5% on a year-over-year basis. Analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.