Nisa Investment Advisors LLC Purchases 7,897 Shares of Carvana Co. (NYSE:CVNA)

Nisa Investment Advisors LLC boosted its position in Carvana Co. (NYSE:CVNA - Free Report) by 39.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,731 shares of the company's stock after purchasing an additional 7,897 shares during the quarter. Nisa Investment Advisors LLC's holdings in Carvana were worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CVNA. Empirical Asset Management LLC raised its stake in Carvana by 2.0% in the third quarter. Empirical Asset Management LLC now owns 5,109 shares of the company's stock valued at $890,000 after purchasing an additional 100 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Carvana by 6.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company's stock worth $402,000 after acquiring an additional 130 shares during the last quarter. CWM LLC lifted its holdings in shares of Carvana by 19.5% during the 2nd quarter. CWM LLC now owns 883 shares of the company's stock worth $114,000 after acquiring an additional 144 shares during the last quarter. GAMMA Investing LLC grew its position in Carvana by 32.8% in the third quarter. GAMMA Investing LLC now owns 608 shares of the company's stock worth $106,000 after acquiring an additional 150 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Carvana by 2.9% during the third quarter. Sequoia Financial Advisors LLC now owns 6,122 shares of the company's stock valued at $1,066,000 after purchasing an additional 175 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Carvana Stock Down 7.4 %

Shares of NYSE:CVNA traded down $18.30 during trading on Friday, reaching $229.01. 5,853,414 shares of the stock traded hands, compared to its average volume of 4,834,488. The stock has a market cap of $47.39 billion, a P/E ratio of 22,901.00 and a beta of 3.44. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11. The stock has a 50-day moving average of $174.33 and a two-hundred day moving average of $137.76. Carvana Co. has a 52-week low of $27.75 and a 52-week high of $259.39.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS 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 the consensus estimate of $3.47 billion. Carvana's quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. As a group, sell-side analysts expect that Carvana Co. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Carvana

In other Carvana news, insider Paul W. Breaux sold 14,548 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total value of $2,880,504.00. Following the transaction, the insider now directly owns 119,494 shares in the company, valued at approximately $23,659,812. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Carvana news, insider Paul W. Breaux sold 14,548 shares of the company's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $198.00, for a total value of $2,880,504.00. Following the completion of the sale, the insider now owns 119,494 shares in the company, valued at $23,659,812. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul W. Breaux sold 30,000 shares of Carvana stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $240.22, for a total value of $7,206,600.00. Following the transaction, the insider now directly owns 135,025 shares in the company, valued at approximately $32,435,705.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,738,934 shares of company stock worth $463,538,905 in the last three months. 17.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CVNA shares. Royal Bank of Canada upgraded Carvana to a "sector perform" rating and increased their price objective for the company from $166.00 to $170.00 in a research report on Monday, August 19th. JPMorgan Chase & Co. increased their price target on shares of Carvana from $230.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of Carvana from $75.00 to $110.00 and gave the company an "underweight" rating in a research note on Thursday, August 1st. Wells Fargo & Company lifted their target price on shares of Carvana from $175.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Wedbush upped their price target on shares of Carvana from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $208.88.

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.