Carvana Co. $CVNA Shares Sold by Anabranch Capital Management LP

Anabranch Capital Management LP trimmed its position in shares of Carvana Co. (NYSE:CVNA) by 25.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 82,028 shares of the company’s stock after selling 28,413 shares during the period. Carvana accounts for approximately 23.3% of Anabranch Capital Management LP’s investment portfolio, making the stock its 2nd biggest holding. Anabranch Capital Management LP’s holdings in Carvana were worth $34,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Horizon Corp lifted its holdings in Carvana by 6.4% in the 4th quarter. First Horizon Corp now owns 418 shares of the company’s stock worth $176,000 after purchasing an additional 25 shares during the last quarter. Finivi Inc. increased its position in shares of Carvana by 4.6% during the fourth quarter. Finivi Inc. now owns 698 shares of the company’s stock valued at $295,000 after purchasing an additional 31 shares during the period. HB Wealth Management LLC increased its position in shares of Carvana by 1.0% during the fourth quarter. HB Wealth Management LLC now owns 3,190 shares of the company’s stock valued at $1,346,000 after purchasing an additional 31 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in shares of Carvana by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after purchasing an additional 31 shares during the period. Finally, Insigneo Advisory Services LLC increased its position in shares of Carvana by 4.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 696 shares of the company’s stock valued at $294,000 after purchasing an additional 32 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CVNA shares. Gordon Haskett upped their price target on Carvana from $67.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Carvana from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Carvana in a research note on Friday, June 5th. BTIG Research reissued a “buy” rating and issued a $97.00 target price on shares of Carvana in a research note on Friday, June 5th. Finally, Bank of America increased their target price on Carvana from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.14.

Key Stories Impacting Carvana

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Carvana is expanding beyond used cars and has purchased seven new-vehicle franchises since last year, a move that could broaden its revenue base and potentially disrupt the traditional dealership model. Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
• Positive Sentiment: Wall Street price targets imply roughly 37% upside for CVNA, and the recent trend in earnings estimate revisions suggests analysts remain constructive on the company’s outlook. Can Carvana (CVNA) Climb 37.01% to Reach the Level Wall Street Analysts Expect?
• Positive Sentiment: Market commentary has also been favorable, with Jim Cramer calling Carvana “a great buy,” which may have helped reinforce bullish sentiment among retail investors. Jim Cramer Notes “Carvana Was a Great Buy for Us”
• Neutral Sentiment: Carvana shares have been rising while the broader market has been weaker, indicating relative strength rather than a clear company-specific catalyst from the latest trading session. Carvana (CVNA) Ascends While Market Falls: Some Facts to Note
• Neutral Sentiment: A director sold 15,000 shares at $67.83, but the transaction was relatively small versus the insider’s remaining holdings and does not necessarily signal a major shift in fundamentals. SEC Form 4 filing for Ira J. Platt

Carvana Stock Up 1.5%

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

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $0.32 by $1.37. Carvana had a return on equity of 41.46% and a net margin of 6.40%.The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.12 billion. On average, sell-side analysts expect that Carvana Co. will post 1.58 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas Taira sold 18,850 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $68.20, for a total transaction of $1,285,570.00. Following the completion of the transaction, the insider directly owned 292,820 shares of the company’s stock, valued at approximately $19,970,324. This represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark W. Jenkins sold 63,750 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 985,445 shares of the company’s stock, valued at approximately $61,166,571.15. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 415,812 shares of company stock valued at $29,056,896. Corporate insiders own 15.19% of the company’s stock.

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.