Janus Henderson Group PLC Has $8.35 Million Stake in Carvana Co. (NYSE:CVNA)

Janus Henderson Group PLC lifted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,946 shares of the company's stock after acquiring an additional 2,469 shares during the period. Janus Henderson Group PLC's holdings in Carvana were worth $8,348,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sugarloaf Wealth Management LLC purchased a new position in Carvana in the third quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new position in Carvana in the third quarter valued at approximately $40,000. Ridgewood Investments LLC purchased a new position in Carvana in the second quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its holdings in Carvana by 363.0% in the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company's stock valued at $44,000 after buying an additional 196 shares during the period. Finally, Summit Securities Group LLC raised its holdings in Carvana by 110.0% in the second quarter. Summit Securities Group LLC now owns 300 shares of the company's stock valued at $39,000 after buying an additional 3,300 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Stock Down 2.9 %

NYSE:CVNA traded down $7.33 on Monday, hitting $243.88. 2,423,193 shares of the company's stock traded hands, compared to its average volume of 4,582,833. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. Carvana Co. has a 1 year low of $37.47 and a 1 year high of $268.34. The firm has a 50-day moving average price of $223.17 and a 200-day moving average price of $165.45. The company has a market cap of $50.64 billion, a PE ratio of 24,388.00 and a beta of 3.32.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.47 billion. The company's revenue was up 31.8% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. Equities analysts anticipate that Carvana Co. will post 0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

CVNA has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of Carvana from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Wedbush lifted their price objective on shares of Carvana from $150.00 to $175.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. Needham & Company LLC lifted their price objective on shares of Carvana from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Monday. JMP Securities lifted their price objective on shares of Carvana from $200.00 to $320.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Finally, Morgan Stanley upgraded shares of Carvana from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Carvana currently has a consensus rating of "Hold" and a consensus price target of $222.71.

Insider Activity at Carvana

In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the insider now directly owns 40,058,131 shares in the company, valued at $6,209,010,305. The trade was a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 3,043 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $240.00, for a total value of $730,320.00. Following the transaction, the chief operating officer now owns 218,686 shares of the company's stock, valued at approximately $52,484,640. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,022,063 shares of company stock valued at $383,108,209. 17.12% of the stock is owned by corporate insiders.

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.