Carvana Co. (NYSE:CVNA) Shares Sold by RV Capital AG

RV Capital AG lessened its stake in Carvana Co. (NYSE:CVNA - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 547,514 shares of the company's stock after selling 214,217 shares during the quarter. Carvana makes up approximately 23.9% of RV Capital AG's holdings, making the stock its biggest holding. RV Capital AG owned about 0.26% of Carvana worth $111,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new position in shares of Carvana during the third quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new stake in Carvana in the fourth quarter worth $34,000. Capital Performance Advisors LLP bought a new stake in Carvana in the third quarter valued at $40,000. Versant Capital Management Inc acquired a new position in shares of Carvana during the fourth quarter valued at $42,000. Finally, First Horizon Advisors Inc. grew its position in shares of Carvana by 363.0% during the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company's stock worth $44,000 after acquiring an additional 196 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird boosted their target price on shares of Carvana from $160.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Wedbush raised their target price on Carvana from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Monday, October 7th. JMP Securities reiterated a "market outperform" rating and set a $320.00 price target on shares of Carvana in a research report on Monday, December 16th. Jefferies Financial Group raised their price target on Carvana from $150.00 to $185.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley raised shares of Carvana from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $110.00 to $260.00 in a research note on Tuesday, November 5th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $241.94.

Insider Buying and Selling at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 208,495 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.43, for a total transaction of $46,792,532.85. Following the completion of the sale, the chief financial officer now owns 90,732 shares of the company's stock, valued at $20,362,982.76. This represents a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul W. Breaux sold 30,000 shares of Carvana stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $240.22, for a total transaction of $7,206,600.00. Following the completion of the transaction, the insider now directly owns 135,025 shares in the company, valued at approximately $32,435,705.50. This represents a 18.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 380,383 shares of company stock worth $88,981,508. 17.12% of the stock is currently owned by company insiders.

Carvana Trading Up 0.6 %

NYSE CVNA traded up $1.44 on Monday, hitting $241.91. 1,676,179 shares of the stock were exchanged, compared to its average volume of 4,852,141. The company has a market capitalization of $50.23 billion, a price-to-earnings ratio of 24,214.71 and a beta of 3.38. The company's 50-day moving average price is $231.02 and its two-hundred day moving average price is $190.92. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. Carvana Co. has a 52-week low of $40.21 and a 52-week high of $268.34.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates 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 was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. Research analysts predict that Carvana Co. will post 0.88 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.