Carvana Co. (NYSE:CVNA) Shares Sold by Fmr LLC

FMR LLC reduced its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 21.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,661,680 shares of the company's stock after selling 2,700,110 shares during the quarter. FMR LLC owned approximately 4.65% of Carvana worth $1,964,799,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC grew its position in shares of Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after buying an additional 51 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Carvana by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock valued at $483,000 after purchasing an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock worth $87,000 after purchasing an additional 74 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Carvana by 2.1% during the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock worth $752,000 after buying an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after buying an additional 78 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

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Carvana Price Performance

CVNA traded up $3.25 during trading on Friday, hitting $206.91. The company's stock had a trading volume of 3,910,828 shares, compared to its average volume of 4,081,626. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $44.11 billion, a price-to-earnings ratio of 131.79 and a beta of 3.61. The business's fifty day simple moving average is $216.20 and its 200 day simple moving average is $220.23. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. On average, equities research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Benjamin E. Huston sold 50,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the transaction, the chief operating officer now directly owns 196,278 shares in the company, valued at $35,033,660.22. The trade was a 20.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 43,433 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $209.27, for a total value of $9,089,223.91. Following the completion of the sale, the chief financial officer now directly owns 214,678 shares of the company's stock, valued at approximately $44,925,665.06. This represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 330,810 shares of company stock worth $69,243,820. Corporate insiders own 16.36% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CVNA. DA Davidson raised their price target on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. JMP Securities dropped their target price on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Robert W. Baird dropped their price objective on shares of Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, Stephens reaffirmed an "overweight" rating and set a $300.00 price target on shares of Carvana in a research report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Carvana currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.59.

About Carvana

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.