Natixis Advisors LLC Purchases 2,054 Shares of Carvana Co. (NYSE:CVNA)

Natixis Advisors LLC raised its position in Carvana Co. (NYSE:CVNA - Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,885 shares of the company's stock after purchasing an additional 2,054 shares during the period. Natixis Advisors LLC's holdings in Carvana were worth $14,083,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Carvana by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company's stock valued at $904,642,000 after purchasing an additional 266,972 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Carvana by 39.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company's stock valued at $655,727,000 after acquiring an additional 2,112,463 shares in the last quarter. Lingotto Investment Management LLP boosted its position in Carvana by 1.4% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company's stock worth $486,143,000 after acquiring an additional 52,833 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Carvana by 12.2% in the second quarter. Renaissance Technologies LLC now owns 813,400 shares of the company's stock valued at $104,701,000 after purchasing an additional 88,500 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its position in shares of Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company's stock worth $74,888,000 after purchasing an additional 323,153 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $241.78, for a total transaction of $4,835,600.00. Following the completion of the transaction, the chief financial officer now directly owns 170,732 shares in the company, valued at $41,279,582.96. The trade was a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ernest C. Garcia II sold 9,186 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $156.95, for a total value of $1,441,742.70. Following the completion of the sale, the insider now directly owns 41,433,131 shares in the company, valued at $6,502,929,910.45. This trade represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,427,249 shares of company stock worth $437,470,322 in the last 90 days. Company insiders own 17.18% of the company's stock.

Carvana Stock Performance

Shares of NYSE CVNA opened at $244.38 on Thursday. The stock's fifty day moving average price is $199.47 and its two-hundred day moving average price is $152.61. The firm has a market cap of $50.74 billion, a price-to-earnings ratio of 24,462.46 and a beta of 3.37. Carvana Co. has a one year low of $29.84 and a one year high of $259.39. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm earned $0.23 EPS. Carvana's revenue for the quarter was up 31.8% compared to the same quarter last year. On average, equities analysts forecast that Carvana Co. will post 0.62 EPS for the current year.

Analyst Upgrades and Downgrades

CVNA has been the subject of a number of analyst reports. JMP Securities raised their target price on shares of Carvana from $200.00 to $320.00 and gave the company a "market outperform" rating in a research report on Thursday, October 31st. Wedbush increased their price target on Carvana from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Monday, October 7th. DA Davidson upped their price objective on Carvana from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Royal Bank of Canada raised shares of Carvana to a "sector perform" rating and raised their target price for the company from $166.00 to $170.00 in a research note on Monday, August 19th. Finally, Stephens assumed coverage on shares of Carvana in a research report on Thursday, September 12th. They set an "overweight" rating and a $190.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $217.71.

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.