Oak Thistle LLC Boosts Stake in Carvana Co. (NYSE:CVNA)

Oak Thistle LLC grew its stake in Carvana Co. (NYSE:CVNA - Free Report) by 115.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,238 shares of the company's stock after purchasing an additional 1,738 shares during the period. Oak Thistle LLC's holdings in Carvana were worth $658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in Carvana by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 4,976 shares of the company's stock worth $641,000 after purchasing an additional 270 shares during the last quarter. American Century Companies Inc. boosted its holdings in Carvana by 2.6% during the 2nd quarter. American Century Companies Inc. now owns 9,365 shares of the company's stock valued at $1,205,000 after acquiring an additional 241 shares during the period. Envestnet Asset Management Inc. grew its position in Carvana by 155.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 23,278 shares of the company's stock valued at $2,996,000 after acquiring an additional 14,174 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Carvana by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 33,805 shares of the company's stock worth $4,351,000 after purchasing an additional 1,136 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Carvana by 20.2% during the second quarter. Dimensional Fund Advisors LP now owns 353,664 shares of the company's stock worth $45,556,000 after purchasing an additional 59,482 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

Shares of NYSE CVNA traded up $17.79 during midday trading on Thursday, reaching $231.83. The company had a trading volume of 7,840,423 shares, compared to its average volume of 6,495,042. Carvana Co. has a 1 year low of $40.21 and a 1 year high of $268.34. The business's 50-day simple moving average is $232.25 and its 200 day simple moving average is $185.19. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The stock has a market cap of $48.13 billion, a P/E ratio of 23,206.01 and a beta of 3.38.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. The business's revenue was up 31.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, analysts forecast that Carvana Co. will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Carvana

In other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of Carvana stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $191.37, for a total transaction of $19,137,000.00. Following the completion of the transaction, the insider now owns 37,858,131 shares in the company, valued at approximately $7,244,910,529.47. This trade represents a 0.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel J. Gill sold 44,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the sale, the insider now owns 191,225 shares in the company, valued at $49,617,150.75. The trade was a 18.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 751,908 shares of company stock worth $161,216,285 over the last quarter. Insiders own 17.18% of the company's stock.

Wall Street Analysts Forecast Growth

CVNA has been the topic of a number of research analyst reports. Evercore ISI upped their price target on shares of Carvana from $240.00 to $245.00 and gave the stock an "in-line" rating in a report on Tuesday, December 3rd. Citigroup raised shares of Carvana from a "neutral" rating to a "buy" rating and raised their target price for the stock from $195.00 to $277.00 in a research report on Wednesday, January 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $330.00 price target on shares of Carvana in a research note on Tuesday, January 7th. Piper Sandler increased their price objective on Carvana from $151.00 to $225.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Finally, Bank of America lifted their target price on Carvana from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.94.

Carvana Company 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.