Mitsubishi UFJ Asset Management Co. Ltd. Has $16.36 Million Holdings in Carvana Co. (NYSE:CVNA)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Carvana Co. (NYSE:CVNA - Free Report) by 34,721.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,438 shares of the company's stock after acquiring an additional 80,207 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Carvana were worth $16,358,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CVNA. Whale Rock Capital Management LLC acquired a new position in Carvana in the third quarter worth $162,953,000. Vanguard Group Inc. boosted its holdings in shares of Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after buying an additional 610,234 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company's stock valued at $93,754,000 after buying an additional 503,824 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Carvana during the fourth quarter worth about $60,866,000. Finally, Holocene Advisors LP lifted its holdings in Carvana by 108.2% in the third quarter. Holocene Advisors LP now owns 554,112 shares of the company's stock worth $96,476,000 after acquiring an additional 287,983 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CVNA has been the subject of several recent research reports. Stephens reaffirmed an "overweight" rating and set a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. DA Davidson increased their target price on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Morgan Stanley raised shares of Carvana from an "underweight" rating to an "overweight" rating in a report on Monday. Wedbush set a $250.00 price objective on shares of Carvana and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Finally, JMP Securities reissued a "market outperform" rating and set a $320.00 target price on shares of Carvana in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Carvana presently has an average rating of "Moderate Buy" and an average target price of $258.59.

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Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 219,962 shares in the company, valued at approximately $55,016,895.44. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Taira sold 27,593 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the transaction, the insider now owns 179,673 shares of the company's stock, valued at approximately $40,431,815.19. The trade was a 13.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 280,810 shares of company stock valued at $61,698,820 over the last three months. Company insiders own 17.12% of the company's stock.

Carvana Price Performance

NYSE CVNA traded down $25.83 on Friday, reaching $155.96. The company's stock had a trading volume of 3,130,221 shares, compared to its average volume of 3,958,829. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The firm's 50 day moving average is $225.04 and its two-hundred day moving average is $218.85. The stock has a market cap of $33.24 billion, a PE ratio of 101.01 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. As a group, sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current year.

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.