Candriam S.C.A. Takes Position in Carvana Co. (NYSE:CVNA)

Candriam S.C.A. acquired a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,506 shares of the company's stock, valued at approximately $1,526,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC lifted its position in shares of Carvana by 3.4% during 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 increased its holdings in Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after purchasing an additional 65 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Carvana by 109.9% in 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 in the last quarter. Nisa Investment Advisors LLC increased its holdings in Carvana by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company's stock worth $5,657,000 after purchasing an additional 86 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Carvana by 37.6% in the 4th quarter. Fifth Third Bancorp now owns 322 shares of the company's stock worth $65,000 after purchasing an additional 88 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the transaction, the chief financial officer now owns 189,097 shares in the company, valued at approximately $37,961,222.75. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan S. Keeton sold 24,845 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the transaction, the insider now owns 151,029 shares in the company, valued at $37,440,089.10. This represents a 14.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,629 shares of company stock worth $24,758,919. Corporate insiders own 17.12% of the company's stock.

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Carvana Trading Up 4.3 %

NYSE CVNA traded up $7.40 during trading hours on Wednesday, hitting $179.62. 4,390,224 shares of the company's stock were exchanged, compared to its average volume of 3,832,694. The stock has a 50-day simple moving average of $229.54 and a 200 day simple moving average of $213.65. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84. The firm has a market cap of $38.29 billion, a price-to-earnings ratio of 114.41 and a beta of 3.56. 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 (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.32 billion. On average, equities analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

CVNA has been the subject of a number of recent research reports. DA Davidson upped their target price on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $340.00 target price on shares of Carvana in a report on Friday, March 7th. Wells Fargo & Company lowered their target price on Carvana from $300.00 to $275.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Robert W. Baird upped their target price on Carvana from $200.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Finally, Wedbush set a $250.00 price target on Carvana and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $265.65.

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.