Carvana Co. (NYSE:CVNA) Stock Position Lowered by Blair William & Co. IL

Blair William & Co. IL reduced its position in shares of Carvana Co. (NYSE:CVNA) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,203 shares of the company’s stock after selling 2,922 shares during the period. Blair William & Co. IL’s holdings in Carvana were worth $8,379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Carvana in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC boosted its holdings in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in Carvana in the fourth quarter worth approximately $31,000. ORG Wealth Partners LLC bought a new position in shares of Carvana in the fourth quarter valued at $34,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Carvana during the 4th quarter valued at $42,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday. Piper Sandler raised shares of Carvana from a “neutral” rating to an “overweight” rating and set a $225.00 target price on the stock in a research report on Thursday, March 20th. William Blair restated an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. Robert W. Baird lifted their price objective on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.53.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now owns 219,962 shares of the company’s stock, valued at approximately $63,536,023.70. This represents a 11.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now owns 196,278 shares of the company’s stock, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,377 shares of company stock worth $44,251,096 over the last three months. Corporate insiders own 17.12% of the company’s stock.

Carvana Trading Up 0.2 %

NYSE:CVNA opened at $204.40 on Friday. The company has a market capitalization of $43.57 billion, a P/E ratio of 130.19 and a beta of 3.56. The stock’s 50 day moving average price is $227.25 and its 200 day moving average price is $217.50. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. On average, research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

About Carvana

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.