Mediolanum International Funds Ltd Increases Position in Carvana Co. $CVNA

Mediolanum International Funds Ltd lifted its stake in Carvana Co. (NYSE:CVNA) by 105.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,050 shares of the company’s stock after purchasing an additional 5,684 shares during the period. Mediolanum International Funds Ltd’s holdings in Carvana were worth $4,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new position in Carvana in the second quarter valued at about $25,000. ORG Partners LLC grew its holdings in shares of Carvana by 8,700.0% in the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after acquiring an additional 87 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Carvana in the 2nd quarter valued at approximately $38,000. Steigerwald Gordon & Koch Inc. acquired a new position in Carvana during the third quarter worth $38,000. Finally, LRI Investments LLC acquired a new position in Carvana during the second quarter worth $42,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Stock Performance

Shares of NYSE CVNA opened at $408.22 on Tuesday. The company has a 50-day simple moving average of $433.47 and a 200-day simple moving average of $379.81. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. The company has a market cap of $88.80 billion, a PE ratio of 93.20, a price-to-earnings-growth ratio of 0.96 and a beta of 3.57. Carvana Co. has a 12 month low of $148.25 and a 12 month high of $486.89.

Insider Transactions at Carvana

In related news, insider Daniel J. Gill sold 40,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $475.24, for a total value of $19,009,600.00. Following the completion of the transaction, the insider directly owned 191,106 shares in the company, valued at approximately $90,821,215.44. This represents a 17.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 10,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $401.94, for a total value of $4,019,400.00. Following the transaction, the chief operating officer owned 99,871 shares in the company, valued at $40,142,149.74. This trade represents a 9.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 409,006 shares of company stock worth $173,845,815 in the last three months. 16.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CVNA has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carvana in a report on Monday, December 29th. Stephens boosted their price objective on shares of Carvana from $454.00 to $519.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. BTIG Research raised their target price on shares of Carvana from $450.00 to $535.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Carvana in a report on Tuesday, January 13th. Finally, Barclays increased their price target on shares of Carvana from $465.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $474.27.

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.