Lisanti Capital Growth LLC Sells 4,785 Shares of Carvana Co. (NYSE:CVNA)

Lisanti Capital Growth LLC decreased its position in Carvana Co. (NYSE:CVNA) by 50.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,710 shares of the company’s stock after selling 4,785 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Carvana were worth $820,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CVNA. Forum Financial Management LP boosted its holdings in shares of Carvana by 3.8% in the 3rd quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock worth $361,000 after buying an additional 76 shares during the last quarter. Empirical Asset Management LLC boosted its stake in Carvana by 2.0% in the third quarter. Empirical Asset Management LLC now owns 5,109 shares of the company’s stock valued at $890,000 after acquiring an additional 100 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Carvana by 6.0% in the third quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company’s stock valued at $402,000 after acquiring an additional 130 shares during the last quarter. CWM LLC boosted its stake in Carvana by 19.5% in the second quarter. CWM LLC now owns 883 shares of the company’s stock valued at $114,000 after acquiring an additional 144 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Carvana by 32.8% in the third quarter. GAMMA Investing LLC now owns 608 shares of the company’s stock valued at $106,000 after acquiring an additional 150 shares during the last quarter. 56.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CVNA. Citigroup boosted their target price on shares of Carvana from $125.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Jefferies Financial Group boosted their target price on shares of Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Wedbush boosted their target price on shares of Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. BTIG Research boosted their target price on shares of Carvana from $155.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Stephens initiated coverage on shares of Carvana in a research report on Thursday, September 12th. They issued an “overweight” rating and a $190.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $217.71.

Carvana Stock Performance

Carvana stock opened at $250.02 on Tuesday. The firm’s 50 day simple moving average is $184.61 and its 200 day simple moving average is $145.72. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The firm has a market capitalization of $51.91 billion, a PE ratio of 25,027.03 and a beta of 3.37. Carvana Co. has a 1-year low of $27.75 and a 1-year high of $259.39.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. Carvana’s quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. As a group, analysts expect that Carvana Co. will post 0.62 earnings per share for the current fiscal year.

Insider Transactions at Carvana

In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $148.68, for a total value of $14,868,000.00. Following the transaction, the insider now owns 690,814 shares of the company’s stock, valued at $102,710,225.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $148.68, for a total value of $14,868,000.00. Following the completion of the sale, the insider now owns 690,814 shares of the company’s stock, valued at approximately $102,710,225.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory B. Sullivan sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $235.00, for a total transaction of $1,175,000.00. Following the sale, the director now directly owns 53,407 shares of the company’s stock, valued at $12,550,645. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,727,913 shares of company stock valued at $483,483,922 in the last quarter. Insiders own 17.12% of the company’s stock.

Carvana Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.