Rehmann Capital Advisory Group acquired a new position in shares of Carvana Co (NYSE:CVNA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,134 shares of the company’s stock, valued at approximately $270,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aperimus Capital LLC acquired a new stake in Carvana during the 4th quarter worth about $1,602,000. Wells Fargo & Company MN raised its holdings in Carvana by 10.8% during the 3rd quarter. Wells Fargo & Company MN now owns 61,623 shares of the company’s stock worth $905,000 after buying an additional 5,998 shares during the period. Bank of New York Mellon Corp raised its holdings in Carvana by 34.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 698,660 shares of the company’s stock worth $10,255,000 after buying an additional 180,631 shares during the period. California State Teachers Retirement System acquired a new stake in Carvana during the 2nd quarter worth about $551,000. Finally, Gator Capital Management LLC acquired a new stake in Carvana during the 4th quarter worth about $493,000. Hedge funds and other institutional investors own 14.86% of the company’s stock.
Several research firms have issued reports on CVNA. ValuEngine upgraded Carvana from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup began coverage on Carvana in a report on Friday, March 9th. They issued a “buy” rating and a $23.00 target price on the stock. BMO Capital Markets downgraded Carvana from an “outperform” rating to a “market perform” rating and set a $19.00 target price on the stock. in a report on Wednesday, March 7th. Zacks Investment Research downgraded Carvana from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Deutsche Bank downgraded Carvana from a “buy” rating to a “hold” rating and upped their target price for the company from $22.00 to $23.50 in a report on Friday, December 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Carvana presently has a consensus rating of “Hold” and a consensus price target of $20.18.
CVNA stock opened at $20.96 on Friday. Carvana Co has a twelve month low of $8.14 and a twelve month high of $24.89. The company has a current ratio of 1.60, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.
Carvana (NYSE:CVNA) last issued its earnings results on Tuesday, March 6th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The business had revenue of $265.10 million during the quarter, compared to analyst estimates of $269.60 million. Carvana had a negative net margin of 11.17% and a negative return on equity of 74.69%. equities analysts anticipate that Carvana Co will post -1.33 EPS for the current year.
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Carvana Company Profile
Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying used cars in the United States. The company purchases, reconditions, sells, and delivers vehicles. Its platform allows customers to research and identify a vehicle; inspect it using company's proprietary 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up.
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