Virtu Financial LLC Purchases 11,305 Shares of Carvana Co. (NYSE:CVNA)

Virtu Financial LLC raised its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 98.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,735 shares of the company's stock after acquiring an additional 11,305 shares during the period. Virtu Financial LLC's holdings in Carvana were worth $4,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in Carvana during the 4th quarter valued at $28,000. Global Retirement Partners LLC lifted its stake in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after buying an additional 78 shares during the period. Rialto Wealth Management LLC acquired a new stake in Carvana during the fourth quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in Carvana during the fourth quarter valued at about $34,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Carvana during the 4th quarter worth approximately $42,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CVNA. Wedbush set a $250.00 target price on Carvana and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. DA Davidson upped their target price on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Bank of America cut their price target on shares of Carvana from $270.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. increased their target price on Carvana from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Evercore ISI decreased their price target on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research note on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Carvana has a consensus rating of "Moderate Buy" and a consensus target price of $263.88.

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Carvana Price Performance

Shares of CVNA traded down $16.54 during mid-day trading on Wednesday, hitting $205.12. 4,366,873 shares of the company traded hands, compared to its average volume of 3,870,511. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of 130.65 and a beta of 3.56. The business has a 50-day moving average of $228.32 and a 200 day moving average of $216.50. 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 announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates 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 expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction 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 completion of the sale, the insider now owns 153,240 shares of the company's stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,377 shares of company stock worth $44,251,096 over the last three months. 17.12% of the stock is currently owned by company 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.