Carvana Co. $CVNA Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC decreased its stake in Carvana Co. (NYSE:CVNA) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,161 shares of the company’s stock after selling 371 shares during the period. EntryPoint Capital LLC’s holdings in Carvana were worth $452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group lifted its stake in shares of Carvana by 961.5% in the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Carvana in the first quarter valued at about $33,000. Transce3nd LLC acquired a new stake in shares of Carvana in the fourth quarter valued at about $48,000. Versant Capital Management Inc lifted its stake in shares of Carvana by 39.4% in the first quarter. Versant Capital Management Inc now owns 290 shares of the company’s stock valued at $61,000 after purchasing an additional 82 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Carvana during the 1st quarter valued at about $90,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Activity at Carvana

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $346.99, for a total value of $34,699,000.00. Following the sale, the insider directly owned 37,092,317 shares of the company’s stock, valued at $12,870,663,075.83. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 3,036,140 shares of company stock worth $1,057,170,571 over the last 90 days. Insiders own 17.12% of the company’s stock.

Carvana Price Performance

Carvana stock opened at $339.1620 on Thursday. Carvana Co. has a 1 year low of $124.39 and a 1 year high of $413.33. The firm has a 50 day moving average price of $338.48 and a 200 day moving average price of $277.57. The company has a market cap of $72.99 billion, a price-to-earnings ratio of 85.00, a PEG ratio of 1.14 and a beta of 3.57. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. Carvana’s revenue for the quarter was up 41.9% on a year-over-year basis. Sell-side analysts predict that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Bank of America lifted their target price on shares of Carvana from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Citigroup restated an “outperform” rating on shares of Carvana in a research report on Thursday, July 31st. Wedbush upgraded shares of Carvana to a “hold” rating in a research report on Thursday, May 8th. Needham & Company LLC lifted their target price on shares of Carvana from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, William Blair restated an “outperform” rating on shares of Carvana in a research report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.47.

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.