Maytus Capital Management LLC Buys New Shares in Carvana Co. $CVNA

Maytus Capital Management LLC bought a new stake in Carvana Co. (NYSE:CVNA) during the 4th quarter, HoldingsChannel.com reports. The fund bought 8,000 shares of the company’s stock, valued at approximately $3,376,000.

Several other hedge funds have also recently made changes to their positions in CVNA. Vanguard Group Inc. increased its position in shares of Carvana by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 16,783,101 shares of the company’s stock valued at $7,082,804,000 after acquiring an additional 3,328,115 shares during the period. State Street Corp increased its position in shares of Carvana by 93.7% in the 4th quarter. State Street Corp now owns 5,714,779 shares of the company’s stock valued at $2,411,751,000 after acquiring an additional 2,764,759 shares during the period. Capital Research Global Investors increased its position in shares of Carvana by 42.9% in the 4th quarter. Capital Research Global Investors now owns 5,700,953 shares of the company’s stock valued at $2,405,959,000 after acquiring an additional 1,711,144 shares during the period. Geode Capital Management LLC increased its position in shares of Carvana by 55.4% in the 4th quarter. Geode Capital Management LLC now owns 3,880,711 shares of the company’s stock valued at $1,632,763,000 after acquiring an additional 1,382,852 shares during the period. Finally, Viking Global Investors LP increased its position in shares of Carvana by 94.9% in the 3rd quarter. Viking Global Investors LP now owns 2,101,241 shares of the company’s stock valued at $792,672,000 after acquiring an additional 1,023,265 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on CVNA. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $107.40 price target on shares of Carvana in a report on Thursday, April 30th. Robert W. Baird set a $88.00 price target on shares of Carvana in a report on Friday, May 15th. Jefferies Financial Group lowered 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. Argus lowered their target price on shares of Carvana from $500.00 to $100.00 in a research note on Monday, May 11th. Finally, UBS Group reissued a “buy” rating and set a $104.00 target price (up from $97.00) on shares of Carvana in a research note on Thursday, April 30th. Two 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.14.

Insider Transactions at Carvana

In related news, CFO Mark W. Jenkins sold 63,750 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $62.07, for a total value of $3,956,962.50. Following the transaction, the chief financial officer directly owned 985,445 shares of the company’s stock, valued at approximately $61,166,571.15. This trade represents a 6.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J Danforth Quayle sold 14,525 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $70.00, for a total transaction of $1,016,750.00. Following the completion of the transaction, the director directly owned 214,960 shares in the company, valued at $15,047,200. This represents a 6.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 415,812 shares of company stock worth $29,056,896 in the last three months. 15.19% of the stock is owned by corporate insiders.

Trending Headlines about Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana’s expansion into new vehicles is drawing attention as a potentially meaningful growth driver. The company has bought seven new-vehicle franchises since last year, which could broaden revenue opportunities and support a stronger long-term growth narrative. Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
• Positive Sentiment: Analyst-related coverage remains constructive, with reports citing about 37% implied upside from Wall Street price targets and improving earnings estimate revisions, which can reinforce bullish sentiment for CVNA. Can Carvana (CVNA) Climb 37.01% to Reach the Level Wall Street Analysts Expect?
• Positive Sentiment: Investor commentary has also been favorable, including Jim Cramer’s remark that Carvana was “a great buy,” which may be adding to retail enthusiasm. Jim Cramer Notes “Carvana Was a Great Buy for Us”
• Neutral Sentiment: Recent trading strength appears to reflect relative outperformance versus a softer broader market, rather than a single major new catalyst. Carvana (CVNA) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: Director Ira Platt sold 15,000 shares at $67.83, but the sale was modest relative to his remaining stake and is not necessarily a strong negative signal on fundamentals. SEC Form 4 filing for Ira J. Platt

Carvana Trading Up 1.5%

CVNA stock opened at $69.96 on Wednesday. The company’s 50-day simple moving average is $71.47 and its 200-day simple moving average is $75.25. The company has a quick ratio of 2.57, a current ratio of 4.09 and a debt-to-equity ratio of 1.05. Carvana Co. has a 52-week low of $54.46 and a 52-week high of $97.38. The firm has a market cap of $76.73 billion, a P/E ratio of 42.55, a PEG ratio of 11.63 and a beta of 3.45.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.37. Carvana had a net margin of 6.40% and a return on equity of 41.46%. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.12 billion. As a group, equities analysts forecast that Carvana Co. will post 1.58 EPS for the current fiscal year.

About Carvana

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.