11,758 Shares in Carvana Co. (NYSE:CVNA) Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,758 shares of the company's stock, valued at approximately $2,391,000.

Several other large investors have also bought and sold shares of CVNA. Stifel Financial Corp boosted its position in shares of Carvana by 65.3% during the third quarter. Stifel Financial Corp now owns 5,434 shares of the company's stock valued at $946,000 after buying an additional 2,147 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Carvana in the third quarter worth approximately $312,000. World Investment Advisors LLC bought a new stake in shares of Carvana in the third quarter worth approximately $2,009,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Carvana during the third quarter valued at approximately $241,000. Finally, Optimist Retirement Group LLC bought a new position in Carvana during the third quarter valued at approximately $289,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CVNA shares. Wedbush set a $250.00 target price on shares of Carvana and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Morgan Stanley raised Carvana from an "underweight" rating to an "overweight" rating in a report on Monday, March 31st. JMP Securities reduced their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Citigroup cut their target price on shares of Carvana from $320.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Stephens reissued an "overweight" rating and set a $300.00 price objective on shares of Carvana in a research report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Carvana currently has an average rating of "Moderate Buy" and an average target price of $253.59.

Insider Activity

In other news, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the sale, the chief operating officer now directly owns 123,803 shares in the company, valued at approximately $18,681,872.70. This represents a 28.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark W. Jenkins sold 28,422 shares of Carvana stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 330,810 shares of company stock worth $69,243,820. 17.12% of the stock is currently owned by insiders.

Carvana Stock Performance

CVNA opened at $195.76 on Tuesday. The stock has a market capitalization of $41.73 billion, a price-to-earnings ratio of 124.69 and a beta of 3.61. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company has a fifty day moving average of $209.33 and a 200 day moving average of $221.92.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, sell-side analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Carvana 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.

Want to see what other hedge funds are holding CVNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carvana Co. (NYSE:CVNA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.