Natixis Advisors LLC Buys 4,226 Shares of Carvana Co. (NYSE:CVNA)

Natixis Advisors LLC raised its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 5.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,111 shares of the company's stock after buying an additional 4,226 shares during the quarter. Natixis Advisors LLC's holdings in Carvana were worth $17,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company's stock worth $2,152,311,000 after acquiring an additional 5,882,656 shares during the last quarter. Lingotto Investment Management LLP increased its position in shares of Carvana by 1.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock worth $810,827,000 after purchasing an additional 57,215 shares during the last quarter. State Street Corp raised its stake in Carvana by 6.1% in the third quarter. State Street Corp now owns 1,877,511 shares of the company's stock valued at $326,893,000 after purchasing an additional 107,610 shares in the last quarter. Geode Capital Management LLC lifted its position in Carvana by 7.8% during the third quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company's stock valued at $315,133,000 after purchasing an additional 131,059 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new position in Carvana in the 3rd quarter worth approximately $162,953,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

CVNA has been the topic of several research reports. Stephens restated an "overweight" rating and set a $300.00 price objective on shares of Carvana in a research report on Monday, March 3rd. Bank of America reduced their target price on Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. lifted their price target on Carvana from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. DA Davidson increased their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, Robert W. Baird raised their price objective on Carvana from $200.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $262.71.

Carvana Trading Up 3.2 %

Shares of NYSE CVNA traded up $5.96 during trading hours on Friday, hitting $191.38. The company's stock had a trading volume of 6,168,882 shares, compared to its average volume of 3,853,684. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The stock has a market cap of $40.80 billion, a price-to-earnings ratio of 121.90 and a beta of 3.56. 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 business has a 50-day simple moving average of $227.57 and a 200-day simple moving average of $214.47.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

Insider Buying and Selling at Carvana

In related news, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the transaction, the chief financial officer now owns 219,962 shares in the company, valued at $55,016,895.44. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 196,278 shares in the company, valued at approximately $35,033,660.22. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,784 shares of company stock valued at $27,524,344. 17.12% of the stock is currently owned by company 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.