Carvana Co. (NYSE:CVNA) Shares Sold by Polianta Ltd

Polianta Ltd cut its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,100 shares of the company's stock after selling 2,100 shares during the quarter. Polianta Ltd's holdings in Carvana were worth $1,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sugarloaf Wealth Management LLC purchased a new position in shares of Carvana in the 3rd quarter valued at $32,000. ORG Wealth Partners LLC bought a new stake in Carvana during the fourth quarter valued at about $34,000. Capital Performance Advisors LLP purchased a new position in Carvana in the third quarter valued at about $40,000. Versant Capital Management Inc bought a new position in Carvana in the fourth quarter worth about $42,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Carvana by 363.0% during the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company's stock valued at $44,000 after buying an additional 196 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Carvana Stock Performance

NYSE:CVNA traded down $1.33 during mid-day trading on Monday, hitting $230.59. The company's stock had a trading volume of 3,102,589 shares, compared to its average volume of 3,796,350. Carvana Co. has a 1 year low of $40.21 and a 1 year high of $268.34. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. The stock has a market cap of $47.88 billion, a price-to-earnings ratio of 23,082.38 and a beta of 3.38. The business's fifty day moving average is $231.78 and its two-hundred day moving average is $187.07.

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 company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.47 billion. The company's revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. Analysts anticipate that Carvana Co. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Carvana from $151.00 to $225.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $330.00 price target on shares of Carvana in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on Carvana from $230.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Citigroup raised Carvana from a "neutral" rating to a "buy" rating and upped their target price for the company from $195.00 to $277.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada raised Carvana from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $270.00 to $280.00 in a report on Tuesday, January 7th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Carvana currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.94.

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 10,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total transaction of $2,007,500.00. Following the completion of the sale, the chief financial officer now owns 189,097 shares of the company's stock, valued at $37,961,222.75. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Benjamin E. Huston sold 3,043 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $240.00, for a total value of $730,320.00. Following the completion of the transaction, the chief operating officer now directly owns 218,686 shares of the company's stock, valued at approximately $52,484,640. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 551,908 shares of company stock valued at $123,000,285. Corporate insiders own 17.18% of the company's stock.

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.