Optimize Financial Inc Purchases Shares of 3,800 Carvana Co. (NYSE:CVNA)

Optimize Financial Inc bought a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,800 shares of the company's stock, valued at approximately $773,000.

A number of other large investors also recently modified their holdings of the company. Quent Capital LLC purchased a new position in shares of Carvana in the fourth quarter worth $28,000. Global Retirement Partners LLC increased its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC purchased a new stake in Carvana in the 4th quarter worth $31,000. ORG Wealth Partners LLC bought a new position in shares of Carvana during the 4th quarter valued at about $34,000. Finally, Versant Capital Management Inc purchased a new position in shares of Carvana during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insiders Place Their Bets

In other news, COO Benjamin E. Huston sold 50,000 shares of the 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 transaction, the chief operating officer now directly owns 123,803 shares in the company, valued at approximately $18,681,872.70. This trade represents a 28.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul W. Breaux sold 1,362 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company's stock, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 330,810 shares of company stock worth $69,243,820 in the last ninety days. 17.12% of the stock is owned by company insiders.

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Analysts Set New Price Targets

CVNA has been the subject of a number of research reports. Morgan Stanley raised Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. Royal Bank of Canada raised their target price on shares of Carvana from $280.00 to $320.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Evercore ISI decreased their price target on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research note on Tuesday, March 11th. William Blair reissued an "outperform" rating on shares of Carvana in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carvana currently has an average rating of "Moderate Buy" and an average target price of $253.59.

Carvana Trading Up 4.5 %

Shares of CVNA traded up $9.20 during trading hours on Tuesday, reaching $213.93. 5,198,568 shares of the company traded hands, compared to its average volume of 4,071,839. The firm has a market cap of $45.60 billion, a price-to-earnings ratio of 136.26 and a beta of 3.61. Carvana Co. has a 12-month low of $67.61 and a 12-month high of $292.84. The stock's fifty day moving average price is $214.20 and its 200 day moving average price is $220.77. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results 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 net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Sell-side 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.