1,925 Shares in Carvana Co. (NYSE:CVNA) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,925 shares of the company's stock, valued at approximately $391,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVNA. Quent Capital LLC purchased a new position in shares of Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC increased its stake in Carvana by 109.9% in 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 during the period. Rialto Wealth Management LLC acquired a new stake in shares of Carvana in the 4th quarter worth $31,000. ORG Wealth Partners LLC acquired a new position in shares of Carvana during the fourth quarter worth about $34,000. Finally, Versant Capital Management Inc acquired a new stake in Carvana in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Bank of America lowered their price target on shares of Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. DA Davidson upped their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Stephens reaffirmed an "overweight" rating and set a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Piper Sandler raised shares of Carvana from a "neutral" rating to an "overweight" rating and set a $225.00 price objective on the stock in a research note on Thursday, March 20th. Finally, JMP Securities restated a "market outperform" rating and set a $320.00 target price on shares of Carvana in a research report on Monday, December 16th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $261.53.

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Carvana Stock Up 0.2 %

Shares of Carvana stock traded up $0.45 during trading on Friday, reaching $204.40. The company had a trading volume of 2,713,100 shares, compared to its average volume of 3,915,977. 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 fifty-two week low of $67.61 and a fifty-two week high of $292.84. The firm's fifty day moving average is $227.25 and its 200-day moving average is $218.09. The company has a market cap of $43.57 billion, a price-to-earnings ratio of 130.19 and a beta of 3.56.

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

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the sale, the chief financial officer now directly owns 189,097 shares in the company, valued at approximately $37,961,222.75. This trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were 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 owns 196,278 shares of the company's stock, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,377 shares of company stock valued at $44,251,096. Company insiders own 17.12% of the company's stock.

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.