Carvana Co. (NYSE:CVNA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 235,113 shares of the company's stock after selling 25,359 shares during the quarter. Carvana makes up 0.6% of Trexquant Investment LP's holdings, making the stock its 9th largest holding. Trexquant Investment LP owned about 0.11% of Carvana worth $47,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVNA. Charles Schwab Investment Management Inc. boosted its stake in shares of Carvana by 9.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company's stock valued at $94,148,000 after purchasing an additional 39,089 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in Carvana by 135.5% during the fourth quarter. Plato Investment Management Ltd now owns 5,204 shares of the company's stock worth $1,062,000 after buying an additional 2,994 shares during the period. Oak Thistle LLC boosted its position in Carvana by 115.9% during the 4th quarter. Oak Thistle LLC now owns 3,238 shares of the company's stock valued at $658,000 after acquiring an additional 1,738 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Carvana by 37.7% in the 4th quarter. Bank of New York Mellon Corp now owns 478,488 shares of the company's stock valued at $97,305,000 after acquiring an additional 130,942 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Carvana by 33.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company's stock worth $77,807,000 after acquiring an additional 95,497 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

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Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $55,016,895.44. The trade was a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 280,810 shares of company stock valued at $61,698,820. Insiders own 17.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CVNA. Bank of America decreased their target price on shares of Carvana from $270.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Piper Sandler upgraded Carvana from a "neutral" rating to an "overweight" rating in a report on Monday. William Blair restated an "outperform" rating on shares of Carvana in a research note on Thursday, February 20th. JMP Securities reaffirmed a "market outperform" rating and set a $320.00 target price on shares of Carvana in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their price target on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $261.53.

Carvana Stock Down 19.5 %

Shares of Carvana stock traded down $44.22 during trading hours on Thursday, reaching $182.10. 10,744,174 shares of the company were exchanged, compared to its average volume of 3,952,956. The firm has a market cap of $38.82 billion, a PE ratio of 115.99 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The stock's fifty day moving average is $226.26 and its 200 day moving average is $219.11.

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 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. As a group, equities research analysts forecast that Carvana Co. will post 2.85 earnings per share 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.