World Investment Advisors Has $2.56 Million Holdings in Carvana Co. (NYSE:CVNA)

World Investment Advisors raised its stake in Carvana Co. (NYSE:CVNA) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,585 shares of the company’s stock after buying an additional 1,045 shares during the quarter. World Investment Advisors’ holdings in Carvana were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVNA. Whale Rock Capital Management LLC bought a new position in Carvana during the 3rd quarter worth approximately $162,953,000. Norges Bank acquired a new stake in shares of Carvana during the fourth quarter worth about $179,364,000. Vanguard Group Inc. raised its position in shares of Carvana by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after purchasing an additional 610,234 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock valued at $93,754,000 after purchasing an additional 503,824 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Carvana in the 4th quarter valued at approximately $86,636,000. Institutional investors own 56.71% of the company’s stock.

Carvana Stock Performance

NYSE CVNA opened at $162.54 on Friday. The firm’s fifty day moving average price is $223.47 and its two-hundred day moving average price is $218.92. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The firm has a market capitalization of $34.65 billion, a P/E ratio of 103.53 and a beta of 3.61. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. As a group, research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CVNA. Robert W. Baird dropped their target price on shares of Carvana from $250.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday. Wedbush set a $250.00 price objective on shares of Carvana and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Wells Fargo & Company lowered 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. Bank of America cut their price target on Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Evercore ISI decreased their price objective on Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.59.

Insider Activity

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $178.49, for a total transaction 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 $35,033,660.22. This trade represents a 20.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Taira sold 27,593 shares of the company’s 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 280,810 shares of company stock valued at $61,698,820 over the last three months. Insiders own 17.12% of the company’s stock.

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.