Geometric Wealth Advisors Reduces Stock Holdings in Carvana Co. (NYSE:CVNA)

Geometric Wealth Advisors reduced its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,850 shares of the company's stock after selling 2,738 shares during the quarter. Carvana accounts for approximately 0.7% of Geometric Wealth Advisors' portfolio, making the stock its 9th largest holding. Geometric Wealth Advisors' holdings in Carvana were worth $4,037,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Carvana during the fourth quarter worth about $28,000. Global Retirement Partners LLC grew its stake in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of Carvana during the 4th quarter valued at approximately $31,000. ORG Wealth Partners LLC bought a new position in shares of Carvana during the fourth quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Carvana in the third quarter valued at $40,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ryan S. Keeton sold 24,845 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $247.90, for a total value of $6,159,075.50. Following the completion of the sale, the insider now directly owns 151,029 shares in the company, valued at $37,440,089.10. This represents a 14.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 28,422 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $63,536,023.70. This represents a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,629 shares of company stock valued at $24,758,919. 17.12% of the stock is owned by insiders.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stephens reissued an "overweight" rating and issued a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Citigroup lifted their price objective on shares of Carvana from $277.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of Carvana in a research note on Thursday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Carvana from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $340.00 price target on shares of Carvana in a report on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $265.65.

Carvana Stock Up 4.4 %

Shares of NYSE:CVNA traded up $7.51 during mid-day trading on Wednesday, reaching $179.73. 3,343,514 shares of the stock were exchanged, compared to its average volume of 3,833,478. The stock's 50 day simple moving average is $230.01 and its 200-day simple moving average is $213.89. 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 company has a market cap of $38.31 billion, a P/E ratio of 114.32 and a beta of 3.56. Carvana Co. has a one year low of $67.61 and a one year high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. The company had revenue of $3.55 billion during 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%. As a group, equities research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

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.