33,800 Shares in Carvana Co. $CVNA Bought by Engle Capital Management L.P.

Engle Capital Management L.P. purchased a new position in Carvana Co. (NYSE:CVNA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,800 shares of the company’s stock, valued at approximately $11,389,000. Carvana accounts for approximately 3.4% of Engle Capital Management L.P.’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC boosted its holdings in Carvana by 1,950.7% in the second quarter. Los Angeles Capital Management LLC now owns 111,190 shares of the company’s stock worth $37,467,000 after acquiring an additional 105,768 shares in the last quarter. Berkshire Capital Holdings Inc. raised its position in shares of Carvana by 632,200.0% during the first quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company’s stock worth $13,220,000 after purchasing an additional 63,220 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Carvana in the 2nd quarter worth $183,102,000. Cresset Asset Management LLC grew its position in Carvana by 32.2% in the 1st quarter. Cresset Asset Management LLC now owns 3,347 shares of the company’s stock valued at $700,000 after purchasing an additional 816 shares during the period. Finally, Northern Trust Corp grew its position in Carvana by 5.4% in the 1st quarter. Northern Trust Corp now owns 685,864 shares of the company’s stock valued at $143,400,000 after purchasing an additional 35,168 shares during the period. 56.71% of the stock is owned by institutional investors.

Insider Activity

In other Carvana news, insider Thomas Taira sold 10,000 shares of Carvana stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $475.00, for a total value of $4,750,000.00. Following the sale, the insider owned 69,880 shares of the company’s stock, valued at approximately $33,193,000. The trade was a 12.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel J. Gill sold 40,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $475.24, for a total transaction of $19,009,600.00. Following the completion of the transaction, the insider owned 191,106 shares in the company, valued at approximately $90,821,215.44. The trade was a 17.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 624,332 shares of company stock worth $251,466,542. 17.12% of the stock is owned by insiders.

Carvana Price Performance

Carvana stock opened at $455.95 on Friday. The stock has a market cap of $99.19 billion, a P/E ratio of 104.10, a P/E/G ratio of 1.71 and a beta of 3.51. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. The company’s 50 day moving average price is $353.83 and its two-hundred day moving average price is $350.92. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $485.33.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.03 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 the consensus estimate of $5.04 billion. During the same quarter last year, the business posted $0.64 earnings per share. The business’s revenue was up 54.5% compared to the same quarter last year. On average, equities analysts predict that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CVNA. BTIG Research reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Carvana in a research note on Thursday, October 30th. Zacks Research cut shares of Carvana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price target on Carvana from $425.00 to $490.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Needham & Company LLC reissued a “buy” rating and issued a $500.00 price objective on shares of Carvana in a research note on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Carvana in a research report on Monday, December 1st. Eighteen 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, Carvana currently has a consensus rating of “Moderate Buy” and a consensus target price of $438.76.

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.