Ossiam Buys 82,910 Shares of Carvana Co. (NYSE:CVNA)

Ossiam grew its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 78,217.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,016 shares of the company's stock after acquiring an additional 82,910 shares during the period. Ossiam's holdings in Carvana were worth $16,882,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quent Capital LLC bought a new stake in Carvana in the fourth quarter worth approximately $28,000. Global Retirement Partners LLC lifted its stake in shares of 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 purchasing an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new stake in Carvana in the fourth quarter worth $31,000. ORG Wealth Partners LLC bought a new stake in Carvana in the fourth quarter worth $34,000. Finally, Versant Capital Management Inc acquired a new position in Carvana during the fourth quarter worth $42,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley upgraded Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. William Blair reaffirmed an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Wedbush set a $250.00 price target on shares of Carvana and gave the company a "neutral" rating in a research report on Wednesday, February 19th. DA Davidson boosted their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, 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 research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $253.88.

Carvana Price Performance

NYSE CVNA traded up $8.79 during trading on Wednesday, reaching $220.74. 5,238,478 shares of the company traded hands, compared to its average volume of 4,063,739. Carvana Co. has a 1-year low of $71.39 and a 1-year high of $292.84. The company has a market cap of $47.05 billion, a price-to-earnings ratio of 140.60 and a beta of 3.61. The stock's 50 day moving average price is $208.10 and its two-hundred day moving average price is $221.85. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.32 billion. As a group, analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Insider Transactions at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the sale, the chief operating officer now directly owns 123,803 shares in the company, valued at $18,681,872.70. This represents a 28.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $367,848.96. Following the sale, the insider now directly owns 153,240 shares of the company's stock, valued at $41,387,059.20. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 330,810 shares of company stock valued at $69,243,820. 17.12% of the stock is owned by insiders.

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.