Blue Square Asset Management LLC Sells 12,557 Shares of Carvana Co. $CVNA

Blue Square Asset Management LLC lowered its position in Carvana Co. (NYSE:CVNA) by 59.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,674 shares of the company’s stock after selling 12,557 shares during the period. Carvana comprises 1.4% of Blue Square Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Blue Square Asset Management LLC’s holdings in Carvana were worth $3,272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CVNA. Avantra Family Wealth Inc. acquired a new position in shares of Carvana during the 3rd quarter worth $227,000. Versant Capital Management Inc lifted its stake in shares of Carvana by 18.1% in the 3rd quarter. Versant Capital Management Inc now owns 379 shares of the company’s stock valued at $143,000 after purchasing an additional 58 shares during the last quarter. Quent Capital LLC bought a new stake in Carvana in the third quarter worth $63,000. Nordea Investment Management AB increased its position in Carvana by 173.8% during the third quarter. Nordea Investment Management AB now owns 136,115 shares of the company’s stock worth $51,861,000 after buying an additional 86,398 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in Carvana during the third quarter valued at about $1,688,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carvana news, insider Daniel J. Gill sold 40,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 191,106 shares in the company, valued at approximately $90,821,215.44. This trade represents a 17.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 10,000 shares of Carvana stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 99,871 shares in the company, valued at $40,142,149.74. The trade was a 9.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 467,626 shares of company stock valued at $192,090,109 in the last quarter. 17.12% of the stock is currently owned by insiders.

Carvana Trading Down 2.0%

Shares of Carvana stock opened at $459.26 on Thursday. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $485.33. The company’s fifty day simple moving average is $400.36 and its 200-day simple moving average is $370.62. The company has a market cap of $99.91 billion, a price-to-earnings ratio of 104.85, a PEG ratio of 1.13 and a beta of 3.54. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63.

Carvana (NYSE:CVNA) last released 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). The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. Carvana had a net margin of 3.44% and a return on equity of 30.62%. Carvana’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. As a group, sell-side analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

CVNA has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Carvana in a research note on Thursday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $500.00 target price on shares of Carvana in a report on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carvana in a report on Monday, December 29th. Bank of America lifted their price target on shares of Carvana from $455.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $458.18.

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.