Blair William & Co. IL Sells 2,922 Shares of Carvana Co. (NYSE:CVNA)

Blair William & Co. IL decreased its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,203 shares of the company's stock after selling 2,922 shares during the period. Blair William & Co. IL's holdings in Carvana were worth $8,379,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CVNA. Fidelis Capital Partners LLC boosted its stake in shares of Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after buying an additional 51 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Carvana by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after purchasing an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock valued at $87,000 after purchasing an additional 74 shares during the period. Great Lakes Advisors LLC increased its position in shares of Carvana by 2.1% during the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock valued at $752,000 after purchasing an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of 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 purchasing an additional 78 shares during the period. Institutional investors own 56.71% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on CVNA shares. Stephens restated an "overweight" rating and set a $300.00 price target on shares of Carvana in a research report on Monday, March 3rd. William Blair restated an "outperform" rating on shares of Carvana in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and issued a $340.00 price objective on shares of Carvana in a research note on Friday, March 7th. DA Davidson raised their target price on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada upped their price target on Carvana from $280.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $261.53.

Insiders Place Their Bets

In other news, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were 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 owns 196,278 shares in the company, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 280,810 shares of company stock worth $61,698,820 in the last ninety days. 17.12% of the stock is currently owned by insiders.

Carvana Price Performance

Carvana stock traded down $44.47 during midday trading on Thursday, reaching $181.85. 4,148,255 shares of the stock were exchanged, compared to its average volume of 3,929,766. Carvana Co. has a 52 week low of $67.61 and a 52 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 firm has a market cap of $38.76 billion, a PE ratio of 115.83 and a beta of 3.56. The company's fifty day moving average is $226.26 and its 200-day moving average is $219.11.

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