Savant Capital LLC Sells 2,714 Shares of Carvana Co. (NYSE:CVNA)

Savant Capital LLC lowered its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 50.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,686 shares of the company's stock after selling 2,714 shares during the period. Savant Capital LLC's holdings in Carvana were worth $546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CVNA. ORG Wealth Partners LLC purchased a new position in shares of Carvana during the 4th quarter valued at $34,000. Capital Performance Advisors LLP purchased a new position in shares of Carvana during the 3rd quarter valued at $40,000. Versant Capital Management Inc purchased a new position in shares of Carvana during the 4th quarter valued at $42,000. First Horizon Advisors Inc. raised its stake in shares of Carvana by 363.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company's stock valued at $44,000 after purchasing an additional 196 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Carvana by 37.6% during the 4th quarter. Fifth Third Bancorp now owns 322 shares of the company's stock valued at $65,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insiders Place Their Bets

In other news, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 191,225 shares of the company's stock, valued at approximately $49,617,150.75. This represents a 18.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total value of $2,550,700.00. Following the completion of the transaction, the chief financial officer now directly owns 189,761 shares of the company's stock, valued at $48,402,338.27. This represents a 5.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 173,629 shares of company stock worth $44,833,799. 17.12% of the stock is currently owned by company insiders.

Carvana Trading Down 12.0 %

CVNA stock traded down $33.79 during trading on Thursday, hitting $248.03. 13,021,169 shares of the company traded hands, compared to its average volume of 3,993,497. The firm has a market capitalization of $51.50 billion, a PE ratio of 24,827.83 and a beta of 3.37. Carvana Co. has a 1 year low of $48.15 and a 1 year high of $292.84. The company has a 50-day moving average of $234.84 and a 200-day moving average of $206.90. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.32 billion. Analysts predict that Carvana Co. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of Carvana in a research note on Thursday. JMP Securities reiterated a "market outperform" rating and set a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. Wedbush reiterated a "neutral" rating and set a $250.00 price objective on shares of Carvana in a research note on Thursday, February 6th. Morgan Stanley upgraded Carvana from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on Carvana from $300.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Carvana presently has a consensus rating of "Moderate Buy" and a consensus price target of $259.00.

About Carvana

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.