Carvana Co. (NYSE:CVNA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,624 shares of the company's stock after selling 2,697 shares during the quarter. Thrivent Financial for Lutherans' holdings in Carvana were worth $1,753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVNA. Lingotto Investment Management LLP grew its position in shares of Carvana by 1.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock valued at $810,827,000 after purchasing an additional 57,215 shares during the period. State Street Corp increased its stake in Carvana by 6.1% during the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company's stock worth $326,893,000 after buying an additional 107,610 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Carvana by 7.8% during the third quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company's stock valued at $315,133,000 after acquiring an additional 131,059 shares during the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of Carvana in the third quarter valued at approximately $162,953,000. Finally, Holocene Advisors LP boosted its stake in shares of Carvana by 108.2% in the third quarter. Holocene Advisors LP now owns 554,112 shares of the company's stock worth $96,476,000 after acquiring an additional 287,983 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

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Insider Activity

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction that occurred 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 approximately $41,387,059.20. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.35, for a total value of $10,517,500.00. Following the completion of the transaction, the chief operating officer now directly owns 146,278 shares in the company, valued at approximately $30,769,577.30. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 197,377 shares of company stock valued at $44,251,096. Insiders own 17.12% of the company's stock.

Carvana Stock Up 3.0 %

Shares of NYSE:CVNA traded up $6.42 during trading hours on Wednesday, reaching $219.01. The stock had a trading volume of 676,976 shares, compared to its average volume of 4,469,385. Carvana Co. has a 1 year low of $67.61 and a 1 year 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 stock has a market capitalization of $46.69 billion, a price-to-earnings ratio of 139.50 and a beta of 3.56. The firm's 50 day moving average is $226.42 and its 200-day moving average is $219.06.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. DA Davidson increased their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Wedbush set a $250.00 target price on shares of Carvana and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Evercore ISI lowered their price target on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company cut their price objective on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $261.53.

Carvana Company 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.