38,000 Shares in Carvana Co. (NYSE:CVNA) Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Carvana Co. (NYSE:CVNA - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 38,000 shares of the company's stock, valued at approximately $6,616,000.

Other institutional investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new position in Carvana in the third quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new position in shares of Carvana in the 3rd quarter valued at $40,000. Ridgewood Investments LLC acquired a new position in shares of Carvana during the 2nd quarter worth $32,000. First Horizon Advisors Inc. lifted its position in shares of Carvana by 363.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company's stock worth $44,000 after buying an additional 196 shares during the last quarter. Finally, Summit Securities Group LLC boosted its stake in Carvana by 110.0% in the second quarter. Summit Securities Group LLC now owns 300 shares of the company's stock valued at $39,000 after buying an additional 3,300 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Carvana Trading Up 0.2 %

CVNA traded up $0.60 during trading on Tuesday, reaching $255.54. 1,653,271 shares of the stock traded hands, compared to its average volume of 2,362,707. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The stock's 50-day moving average is $214.99 and its 200 day moving average is $160.59. Carvana Co. has a 12 month low of $36.53 and a 12 month high of $268.34. The stock has a market capitalization of $53.06 billion, a PE ratio of 25,601.60 and a beta of 3.32.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. The company's revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. Equities analysts anticipate that Carvana Co. will post 0.76 earnings per share for the current year.

Insider Activity at Carvana

In related news, insider Paul W. Breaux sold 14,548 shares of Carvana stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total value of $2,880,504.00. Following the completion of the sale, the insider now owns 119,494 shares of the company's stock, valued at approximately $23,659,812. This trade represents a 10.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Gill sold 44,000 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the transaction, the insider now owns 191,225 shares in the company, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,172,063 shares of company stock worth $403,916,959 in the last quarter. Company insiders own 17.18% of the company's stock.

Analyst Ratings Changes

CVNA has been the subject of several research analyst reports. JMP Securities boosted their target price on Carvana from $200.00 to $320.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 31st. Citigroup upped their price objective on shares of Carvana from $125.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Stephens initiated coverage on shares of Carvana in a research report on Thursday, September 12th. They issued an "overweight" rating and a $190.00 target price on the stock. Evercore ISI upped their price target on shares of Carvana from $240.00 to $245.00 and gave the stock an "in-line" rating in a report on Tuesday. Finally, Morgan Stanley raised Carvana from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $220.94.

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.