Chicago Capital LLC Purchases 570 Shares of Carvana Co. (NYSE:CVNA)

Chicago Capital LLC grew its position in Carvana Co. (NYSE:CVNA – Get Rating) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,680 shares of the company’s stock after acquiring an additional 570 shares during the quarter. Chicago Capital LLC owned 0.06% of Carvana worth $12,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC bought a new stake in Carvana in the 4th quarter worth approximately $33,000. Lloyd Advisory Services LLC. boosted its holdings in shares of Carvana by 66.3% in the 4th quarter. Lloyd Advisory Services LLC. now owns 173 shares of the company’s stock worth $40,000 after purchasing an additional 69 shares during the period. HM Payson & Co. purchased a new position in shares of Carvana in the 4th quarter worth approximately $45,000. Trust Co. of Vermont purchased a new position in shares of Carvana in the 4th quarter worth approximately $46,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Carvana in the 4th quarter worth approximately $46,000.

In related news, major shareholder Ernest C. Garcia II purchased 3,362,500 shares of Carvana stock in a transaction dated Tuesday, April 26th. The stock was purchased at an average cost of $80.00 per share, with a total value of $269,000,000.00. Following the transaction, the insider now owns 3,362,500 shares in the company, valued at approximately $269,000,000. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Gill purchased 94,000 shares of Carvana stock in a transaction dated Wednesday, June 15th. The stock was bought at an average cost of $21.77 per share, with a total value of $2,046,380.00. Following the completion of the transaction, the insider now owns 131,023 shares in the company, valued at approximately $2,852,370.71. The disclosure for this purchase can be found here. Over the last three months, insiders bought 5,859,508 shares of company stock valued at $340,538,049. Corporate insiders own 17.67% of the company’s stock.

A number of equities analysts have recently commented on CVNA shares. Evercore ISI dropped their target price on Carvana to $45.00 in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft dropped their target price on Carvana from $95.00 to $54.00 in a report on Monday, May 16th. Northcoast Research started coverage on Carvana in a report on Monday, April 11th. They issued a “neutral” rating for the company. Cowen dropped their target price on Carvana to $142.00 and set an “outperform” rating for the company in a report on Monday, May 16th. Finally, Piper Sandler dropped their price objective on Carvana from $130.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Carvana currently has an average rating of “Hold” and a consensus target price of $113.50.

Shares of CVNA stock opened at $21.87 on Friday. Carvana Co. has a twelve month low of $19.80 and a twelve month high of $376.83. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -5.43 and a beta of 2.60. The stock has a fifty day simple moving average of $35.29 and a two-hundred day simple moving average of $110.22. The company has a current ratio of 1.36, a quick ratio of 0.47 and a debt-to-equity ratio of 63.19.

Carvana (NYSE:CVNA – Get Rating) last issued its earnings results on Wednesday, April 20th. The company reported ($2.89) earnings per share for the quarter, missing the consensus estimate of ($1.72) by ($1.17). The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Carvana had a negative return on equity of 53.77% and a negative net margin of 2.55%. Carvana’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.46) earnings per share. Research analysts predict that Carvana Co. will post -6.78 EPS for the current fiscal year.

Carvana Company Profile (Get Rating)

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's 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.

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