Campbell & CO Investment Adviser LLC Has $659,000 Stake in Carvana Co. $CVNA

Campbell & CO Investment Adviser LLC lowered its position in Carvana Co. (NYSE:CVNA) by 59.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,748 shares of the company’s stock after selling 2,526 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Carvana were worth $659,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CVNA. Hilltop National Bank acquired a new stake in Carvana in the 2nd quarter valued at about $25,000. ORG Partners LLC lifted its position in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after buying an additional 87 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Carvana by 960.0% in the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 96 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Carvana during the 3rd quarter worth approximately $38,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Carvana during the 2nd quarter worth approximately $38,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Trading Down 0.3%

Shares of CVNA stock opened at $441.71 on Wednesday. The stock has a market cap of $96.09 billion, a P/E ratio of 100.85, a price-to-earnings-growth ratio of 1.06 and a beta of 3.54. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $485.33. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. The stock has a 50 day simple moving average of $411.25 and a 200 day simple moving average of $373.74.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.Carvana’s revenue was up 54.5% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. On average, research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Carvana news, Director Michael E. Maroone sold 30,928 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $400.34, for a total transaction of $12,381,715.52. Following the sale, the director directly owned 143,573 shares in the company, valued at $57,478,014.82. This represents a 17.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ryan S. Keeton sold 32,370 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $301.68, for a total transaction of $9,765,381.60. Following the completion of the transaction, the insider directly owned 115,456 shares in the company, valued at approximately $34,830,766.08. This represents a 21.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 467,626 shares of company stock valued at $192,090,109 over the last 90 days. 16.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CVNA has been the subject of a number of research analyst reports. Gordon Haskett reduced their price objective on shares of Carvana from $445.00 to $435.00 and set a “hold” rating for the company in a research report on Monday, January 5th. Wedbush raised their target price on shares of Carvana from $400.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Barclays lifted their target price on shares of Carvana from $390.00 to $465.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Bank of America increased their price target on shares of Carvana from $455.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen cut Carvana from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $465.64.

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.