Prudential PLC Buys Shares of 1,838 Carvana Co. (NYSE:CVNA)

Prudential PLC purchased a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,838 shares of the company's stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CVNA. Selway Asset Management bought a new stake in shares of Carvana in the fourth quarter worth about $203,000. Motley Fool Asset Management LLC increased its position in Carvana by 11.4% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,892 shares of the company's stock worth $385,000 after acquiring an additional 194 shares during the period. World Investment Advisors raised its holdings in Carvana by 9.1% in the 4th quarter. World Investment Advisors now owns 12,585 shares of the company's stock valued at $2,559,000 after acquiring an additional 1,045 shares in the last quarter. Ardmore Road Asset Management LP bought a new stake in Carvana during the fourth quarter worth $20,336,000. Finally, Geode Capital Management LLC increased its position in Carvana by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock worth $381,592,000 after purchasing an additional 75,250 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

Carvana stock traded down $3.23 during midday trading on Monday, reaching $202.97. 831,905 shares of the company traded hands, compared to its average volume of 4,068,942. The business has a 50 day moving average of $216.20 and a two-hundred day moving average of $220.58. The firm has a market capitalization of $43.27 billion, a price-to-earnings ratio of 129.28 and a beta of 3.61. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

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Carvana (NYSE:CVNA - Get Free Report) last released 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. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, research analysts predict that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

CVNA has been the subject of several analyst reports. Bank of America dropped their price target on shares of Carvana from $270.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Evercore ISI lowered their price target on Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research report on Tuesday, March 11th. Robert W. Baird lowered their target price on Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Needham & Company LLC reissued a "buy" rating and set a $340.00 target price on shares of Carvana in a report on Friday, March 7th. Finally, Citigroup dropped their price objective on shares of Carvana from $320.00 to $280.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $253.59.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the transaction, the chief financial officer now owns 219,962 shares of the company's stock, valued at $55,016,895.44. The trade was a 4.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Benjamin E. Huston sold 50,000 shares of the 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 sale, the chief operating officer now directly owns 196,278 shares in the company, valued at $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 sold a total of 330,810 shares of company stock valued at $69,243,820 in the last three months. Company insiders own 17.12% of the company's stock.

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.