Versor Investments LP Sells 4,578 Shares of Carvana Co. $CVNA

Versor Investments LP decreased its holdings in Carvana Co. (NYSE:CVNA) by 76.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,410 shares of the company’s stock after selling 4,578 shares during the period. Versor Investments LP’s holdings in Carvana were worth $532,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC grew its stake in Carvana by 8,700.0% in the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after buying an additional 87 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Carvana in the third quarter worth $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Carvana in the second quarter worth $38,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Carvana during the 2nd quarter valued at $49,000. Finally, SJS Investment Consulting Inc. lifted its holdings in Carvana by 28.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock worth $51,000 after purchasing an additional 30 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVNA. Needham & Company LLC reissued a “buy” rating and issued a $500.00 price target on shares of Carvana in a report on Monday, November 17th. Evercore raised their price target on shares of Carvana from $425.00 to $430.00 in a report on Tuesday, January 27th. Bank of America increased their price objective on Carvana from $455.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating on shares of Carvana in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $460.00 target price on shares of Carvana in a research note on Thursday, October 30th. Nineteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $474.27.

Insider Transactions at Carvana

In other news, Director Michael E. Maroone sold 30,928 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $400.34, for a total transaction of $12,381,715.52. Following the transaction, the director directly owned 143,573 shares in the company, valued at approximately $57,478,014.82. This represents a 17.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Taira sold 30,952 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $435.96, for a total value of $13,493,833.92. Following the completion of the sale, the insider owned 69,880 shares of the company’s stock, valued at $30,464,884.80. The trade was a 30.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 420,351 shares of company stock worth $179,589,049. Company insiders own 17.12% of the company’s stock.

Carvana Stock Down 6.9%

Shares of NYSE:CVNA opened at $364.79 on Thursday. The firm has a market capitalization of $79.36 billion, a PE ratio of 83.29, a price-to-earnings-growth ratio of 0.95 and a beta of 3.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $486.89. The firm has a fifty day moving average of $436.75 and a 200 day moving average of $382.24.

About Carvana

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.