Sei Investments Co. Grows Holdings in Carvana Co. (NYSE:CVNA)

Sei Investments Co. boosted its stake in Carvana Co. (NYSE:CVNA - Free Report) by 83.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,918 shares of the company's stock after acquiring an additional 11,826 shares during the period. Sei Investments Co.'s holdings in Carvana were worth $5,270,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Carvana in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC grew its stake in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC bought a new position in Carvana in the fourth quarter worth $31,000. ORG Wealth Partners LLC purchased a new position in Carvana during the fourth quarter valued at $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana during the 4th quarter valued at $42,000. Institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

Shares of CVNA traded down $19.25 during mid-day trading on Friday, hitting $162.54. 11,050,385 shares of the company traded hands, compared to its average volume of 3,996,697. The stock has a market cap of $34.65 billion, a price-to-earnings ratio of 103.53 and a beta of 3.61. The stock has a 50-day moving average price of $223.47 and a two-hundred day moving average price of $219.76. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64.

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Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share 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 firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.32 billion. Equities analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

CVNA has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $340.00 price target on shares of Carvana in a research note on Friday, March 7th. JMP Securities reiterated a "market outperform" rating and set a $320.00 target price on shares of Carvana in a report on Monday, December 16th. Wells Fargo & Company cut their price target on Carvana from $300.00 to $275.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. DA Davidson lifted their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, Robert W. Baird cut their target price on Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.59.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total value of $8,209,694.70. Following the transaction, the chief financial officer now owns 219,962 shares in the company, valued at $63,536,023.70. This represents a 11.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now owns 153,240 shares of the company's stock, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 280,810 shares of company stock valued at $61,698,820. 17.12% of the stock is owned by company insiders.

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.