Landscape Capital Management L.L.C. Boosts Stock Holdings in Carvana Co. $CVNA

Landscape Capital Management L.L.C. grew its position in shares of Carvana Co. (NYSE:CVNA) by 124.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,802 shares of the company’s stock after acquiring an additional 8,213 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Carvana were worth $6,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Carvana during the 4th quarter worth $29,000. Farmers & Merchants Investments Inc. purchased a new position in Carvana during the 4th quarter worth $29,000. Salomon & Ludwin LLC boosted its holdings in Carvana by 112.5% during the 4th quarter. Salomon & Ludwin LLC now owns 85 shares of the company’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Washington Trust Advisors Inc. purchased a new position in Carvana during the 3rd quarter worth $38,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Carvana in the 2nd quarter worth about $38,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director J Danforth Quayle sold 14,525 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $70.00, for a total value of $1,016,750.00. Following the sale, the director directly owned 214,960 shares in the company, valued at approximately $15,047,200. The trade was a 6.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $70.39, for a total value of $3,519,500.00. Following the completion of the sale, the chief operating officer owned 515,769 shares in the company, valued at $36,304,979.91. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 400,812 shares of company stock worth $28,039,446 in the last ninety days. 15.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CVNA. Morgan Stanley boosted their price target on shares of Carvana from $90.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $107.40 price target on shares of Carvana in a report on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $92.00 price target on shares of Carvana in a report on Friday. BNP Paribas Exane boosted their price target on shares of Carvana from $77.60 to $85.80 in a report on Thursday, April 30th. Finally, Jefferies Financial Group cut their price target on shares of Carvana from $97.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.14.

Carvana Trading Down 5.5%

Shares of Carvana stock opened at $64.09 on Friday. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38. The stock’s 50-day simple moving average is $71.20 and its 200 day simple moving average is $75.23. The stock has a market capitalization of $70.30 billion, a P/E ratio of 38.98, a P/E/G ratio of 10.82 and a beta of 3.45. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.57 and a current ratio of 4.09.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $1.37. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.12 billion. As a group, research analysts anticipate that Carvana Co. will post 1.58 EPS for the current year.

Carvana 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.