Dimensional Fund Advisors LP Raises Stock Holdings in Carvana Co. (NYSE:CVNA)

Dimensional Fund Advisors LP lifted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 517,749 shares of the company's stock after acquiring an additional 125,566 shares during the period. Dimensional Fund Advisors LP owned 0.25% of Carvana worth $105,342,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CVNA. First Trust Advisors LP boosted its holdings in shares of Carvana by 4.0% during the fourth quarter. First Trust Advisors LP now owns 593,636 shares of the company's stock worth $120,722,000 after purchasing an additional 22,640 shares during the last quarter. Commerce Bank grew its holdings in Carvana by 3.3% in the 4th quarter. Commerce Bank now owns 4,377 shares of the company's stock valued at $890,000 after buying an additional 140 shares during the period. Adams Wealth Management grew its holdings in Carvana by 7.8% in the 4th quarter. Adams Wealth Management now owns 1,388 shares of the company's stock valued at $282,000 after buying an additional 100 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Carvana by 323.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 102,095 shares of the company's stock worth $20,723,000 after acquiring an additional 77,960 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Carvana by 70.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 107,812 shares of the company's stock worth $21,925,000 after acquiring an additional 44,644 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company's stock.

Insiders Place Their Bets

In related news, CFO Mark W. Jenkins sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the completion of the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at $55,016,895.44. This represents a 4.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now directly owns 196,278 shares in the company, valued at $35,033,660.22. This represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 330,810 shares of company stock valued at $69,243,820. Company insiders own 17.12% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CVNA. Wedbush set a $250.00 price target on shares of Carvana and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Evercore ISI reduced their target price on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada upped their price target on Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. DA Davidson lifted 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. Finally, Bank of America dropped 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. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $253.88.

Carvana Price Performance

Shares of NYSE CVNA opened at $236.82 on Monday. 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 business has a 50 day moving average price of $204.82 and a two-hundred day moving average price of $222.98. The firm has a market cap of $50.48 billion, a PE ratio of 150.84 and a beta of 3.61. Carvana Co. has a fifty-two week low of $80.07 and a fifty-two week high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share 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 during the quarter, compared to analyst estimates of $3.32 billion. Sell-side analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

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.

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