Natixis Buys New Position in Carvana Co. (NYSE:CVNA)

Natixis acquired a new stake in Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,901 shares of the company's stock, valued at approximately $997,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after acquiring an additional 610,234 shares during the period. Lingotto Investment Management LLP increased its stake in Carvana by 1.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock valued at $810,827,000 after purchasing an additional 57,215 shares in the last quarter. Geode Capital Management LLC raised its holdings in Carvana by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock worth $381,592,000 after purchasing an additional 75,250 shares during the last quarter. Norges Bank purchased a new stake in Carvana during the fourth quarter worth $179,364,000. Finally, First Trust Advisors LP grew its holdings in Carvana by 4.0% in the fourth quarter. First Trust Advisors LP now owns 593,636 shares of the company's stock valued at $120,722,000 after purchasing an additional 22,640 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insider Transactions at Carvana

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the completion of the sale, the chief operating officer now directly owns 123,803 shares in the company, valued at $18,681,872.70. The trade was a 28.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now directly owns 153,240 shares in the company, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 330,810 shares of company stock worth $69,243,820 in the last three months. 17.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CVNA has been the subject of several research reports. Evercore ISI cut their price target on Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley upgraded shares of Carvana from an "underweight" rating to an "overweight" rating in a research report on Monday, March 31st. DA Davidson increased their price target on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. JMP Securities cut their price objective on Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Stephens reiterated an "overweight" rating and set a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $254.76.

Carvana Trading Down 0.4 %

CVNA stock traded down $1.09 on Tuesday, hitting $240.45. 417,524 shares of the company were exchanged, compared to its average volume of 4,041,061. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The stock has a market capitalization of $51.25 billion, a price-to-earnings ratio of 152.91 and a beta of 3.61. Carvana Co. has a twelve month low of $80.07 and a twelve month high of $292.84. The business's fifty day moving average is $204.04 and its two-hundred day moving average is $223.32.

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, topping analysts' consensus estimates of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. As a group, research analysts forecast that Carvana Co. will post 2.85 earnings per share 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.