Raymond James Financial Inc. purchased a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 299,300 shares of the company's stock, valued at approximately $60,866,000. Raymond James Financial Inc. owned 0.14% of Carvana as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in shares of Carvana during the fourth quarter worth $28,000. Global Retirement Partners LLC lifted its stake in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after acquiring an additional 78 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Carvana during the fourth quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Carvana during the third quarter worth about $40,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Carvana during the fourth quarter worth about $42,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Carvana
In related news, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now directly owns 153,240 shares of the company's stock, valued at $41,387,059.20. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total value of $2,007,500.00. Following the completion of the sale, the chief financial officer now directly owns 189,097 shares in the company, valued at $37,961,222.75. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,629 shares of company stock worth $24,758,919. 17.12% of the stock is currently owned by insiders.
Analyst Ratings Changes
CVNA has been the subject of several analyst reports. JMP Securities reissued a "market outperform" rating and set a $320.00 target price on shares of Carvana in a research note on Monday, December 16th. Royal Bank of Canada boosted their price objective on Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Bank of America lifted their price target on shares of Carvana from $252.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. William Blair reissued an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $265.65.
Check Out Our Latest Stock Report on CVNA
Carvana Stock Performance
Shares of Carvana stock traded up $10.92 during trading on Wednesday, reaching $183.14. The company's stock had a trading volume of 2,842,331 shares, compared to its average volume of 3,831,342. The firm has a market cap of $39.04 billion, a PE ratio of 116.90 and a beta of 3.56. The company has a 50-day moving average price of $230.01 and a two-hundred day moving average price of $213.89. 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 Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84.
Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.27. The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, analysts forecast that Carvana Co. will post 2.85 EPS for the current year.
Carvana Profile
(
Free Report)
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.
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