2,249 Shares in Carvana Co. (NYSE:CVNA) Purchased by Advisory Services Network LLC

Advisory Services Network LLC acquired a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,249 shares of the company's stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in Carvana in the 4th quarter worth about $28,000. Global Retirement Partners LLC lifted its holdings in shares of Carvana by 109.9% in 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 purchased a new stake in shares of Carvana in the fourth quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in shares of Carvana in the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc purchased a new position in Carvana during the fourth quarter valued at approximately $42,000. Institutional investors own 56.71% of the company's stock.

Carvana Trading Up 8.1 %

Shares of NYSE:CVNA traded up $15.82 on Tuesday, reaching $211.65. 4,773,849 shares of the company traded hands, compared to its average volume of 4,059,037. The stock has a market capitalization of $45.12 billion, a P/E ratio of 134.81 and a beta of 3.61. The business's 50-day simple moving average is $208.10 and its 200 day simple moving average is $221.85. 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 52 week low of $71.39 and a 52 week high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion for 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, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVNA has been the subject of several analyst reports. Evercore ISI cut their price target on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. Stephens reissued an "overweight" rating and set a $300.00 price objective on shares of Carvana in a research note on Monday, March 3rd. Bank of America decreased their target price on Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, William Blair restated an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $253.88.

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $55,016,895.44. This trade represents a 4.35 % 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, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $150.90, for a total value of $7,545,000.00. Following the transaction, the chief operating officer now owns 123,803 shares of the company's stock, valued at approximately $18,681,872.70. This represents a 28.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 330,810 shares of company stock valued at $69,243,820 over the last three months. 17.12% of the stock is owned by company insiders.

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.