B. Metzler seel. Sohn & Co. AG Purchases Shares of 4,411 Carvana Co. (NYSE:CVNA)

B. Metzler seel. Sohn & Co. AG bought a new stake in Carvana Co. (NYSE:CVNA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,411 shares of the company's stock, valued at approximately $897,000.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of Carvana in the 4th quarter worth about $28,000. Global Retirement Partners LLC increased its stake in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in Carvana during the fourth quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new stake in Carvana during the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana in the 4th quarter valued at approximately $42,000. Institutional investors own 56.71% of the company's stock.

Carvana Stock Up 13.0 %

Shares of NYSE CVNA traded up $21.85 during mid-day trading on Tuesday, reaching $189.72. 4,125,799 shares of the company were exchanged, compared to its average volume of 4,750,072. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The firm has a 50-day moving average of $221.99 and a 200 day moving average of $219.74. The stock has a market cap of $40.44 billion, a price-to-earnings ratio of 120.64 and a beta of 3.61. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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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, 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 analyst estimates of $3.32 billion. On average, research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Activity

In related news, CFO Mark W. Jenkins sold 10,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 219,962 shares in the company, valued at $55,016,895.44. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, the insider now directly owns 153,240 shares of the company's stock, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 280,810 shares of company stock worth $61,698,820. Insiders own 16.36% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Robert W. Baird decreased their price target on Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday. Piper Sandler raised shares of Carvana from a "neutral" rating to an "overweight" rating in a research note on Monday, March 31st. Citigroup raised their target price on shares of Carvana from $277.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Bank of America cut their price target on shares of Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $340.00 price objective on shares of Carvana in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.59.

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.