Carvana Co. (NYSE:CVNA) Shares Purchased by J. Goldman & Co LP

J. Goldman & Co LP boosted its stake in Carvana Co. (NYSE:CVNA) by 457.8% in the 4th quarter, Holdings Channel reports. The firm owned 10,654 shares of the company’s stock after purchasing an additional 8,744 shares during the period. J. Goldman & Co LP’s holdings in Carvana were worth $2,167,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC increased its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in Carvana in the 4th quarter valued at approximately $31,000. Venturi Wealth Management LLC grew its stake in shares of Carvana by 79.2% in the fourth quarter. Venturi Wealth Management LLC now owns 224 shares of the company’s stock worth $46,000 after acquiring an additional 99 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Carvana in the fourth quarter worth $48,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Activity at Carvana

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the transaction, the chief operating officer now directly owns 196,278 shares in the company, valued at approximately $35,033,660.22. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Taira sold 27,593 shares of Carvana stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the transaction, the insider now owns 179,673 shares in the company, valued at approximately $40,431,815.19. This represents a 13.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 347,198 shares of company stock valued at $73,438,671 over the last ninety days. Insiders own 17.12% of the company’s stock.

Carvana Price Performance

Shares of CVNA opened at $268.27 on Monday. Carvana Co. has a 1-year low of $97.55 and a 1-year high of $293.62. The stock has a market cap of $57.19 billion, a PE ratio of 170.87 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The firm has a fifty day moving average price of $209.94 and a 200 day moving average price of $227.40.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the previous year, the company earned $0.23 earnings per share. Carvana’s quarterly revenue was up 38.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CVNA. DA Davidson boosted their price target on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “overweight” rating in a research note on Monday, March 31st. Stephens restated an “overweight” rating and issued a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Robert W. Baird boosted their price target on shares of Carvana from $200.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Carvana from $290.00 to $310.00 and gave the stock an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $268.59.

Carvana Company 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.