Carvana Co. (NYSE:CVNA) Shares Bought by Harvest Investment Services LLC

Harvest Investment Services LLC grew its position in Carvana Co. (NYSE:CVNA - Free Report) by 115.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,196 shares of the company's stock after acquiring an additional 7,066 shares during the period. Harvest Investment Services LLC's holdings in Carvana were worth $2,684,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Stifel Financial Corp lifted its holdings in Carvana by 65.3% in the third quarter. Stifel Financial Corp now owns 5,434 shares of the company's stock valued at $946,000 after acquiring an additional 2,147 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Carvana in the third quarter valued at $312,000. World Investment Advisors LLC purchased a new stake in shares of Carvana during the third quarter worth approximately $2,009,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Carvana in the 3rd quarter valued at approximately $241,000. Finally, Optimist Retirement Group LLC purchased a new position in Carvana in the third quarter valued at $289,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Carvana Price Performance

Shares of NYSE CVNA opened at $195.76 on Tuesday. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. The business's 50 day moving average price is $209.33 and its two-hundred day moving average price is $221.92. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a market cap of $41.73 billion, a PE ratio of 124.69 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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, analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Buying and Selling at Carvana

In related news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the transaction, the chief financial officer now owns 219,962 shares of the company's stock, valued at $63,536,023.70. This represents a 11.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the business's 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 completion of 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. Over the last quarter, insiders sold 330,810 shares of company stock valued at $69,243,820. Company insiders own 17.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CVNA. DA Davidson boosted their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. JMP Securities cut their price objective on Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Evercore ISI decreased their price target on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird dropped their target price on shares of Carvana from $250.00 to $200.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Finally, Royal Bank of Canada upped their price objective on Carvana from $280.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.59.

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.

Want to see what other hedge funds are holding CVNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carvana Co. (NYSE:CVNA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.