3,050 Shares in Carvana Co. (NYSE:CVNA) Bought by Schroder Investment Management Group

Schroder Investment Management Group purchased a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,050 shares of the company's stock, valued at approximately $642,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Carvana by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock worth $2,323,463,000 after purchasing an additional 610,234 shares in the last quarter. Lingotto Investment Management LLP increased its stake in Carvana by 1.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock worth $810,827,000 after buying an additional 57,215 shares during the period. State Street Corp lifted its holdings in Carvana by 6.1% in the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company's stock worth $326,893,000 after buying an additional 107,610 shares in the last quarter. Geode Capital Management LLC boosted its position in Carvana by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company's stock valued at $315,133,000 after buying an additional 131,059 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Carvana during the fourth quarter valued at about $179,364,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CVNA has been the topic of several recent analyst reports. Wedbush set a $250.00 price target on Carvana and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Morgan Stanley raised Carvana from an "underweight" rating to an "overweight" rating in a research report on Monday, March 31st. Needham & Company LLC reiterated a "buy" rating and set a $340.00 target price on shares of Carvana in a research note on Friday, March 7th. JMP Securities dropped their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $253.59.

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Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the transaction, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $55,016,895.44. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of the business's stock in a transaction dated 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 owns 123,803 shares in the company, valued at $18,681,872.70. This trade represents a 28.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 330,810 shares of company stock worth $69,243,820. Insiders own 16.36% of the company's stock.

Carvana Stock Performance

Shares of NYSE:CVNA traded up $3.25 during trading on Friday, hitting $206.91. 3,910,828 shares of the company traded hands, compared to its average volume of 4,081,626. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The business's fifty day moving average is $216.20 and its 200-day moving average is $220.23. The stock has a market capitalization of $44.11 billion, a price-to-earnings ratio of 131.79 and a beta of 3.61. Carvana Co. has a one year low of $67.61 and a one year high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, equities analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

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.