Waldron Private Wealth LLC Has $1.26 Million Position in Carvana Co. (NYSE:CVNA)

Waldron Private Wealth LLC boosted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 100.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,180 shares of the company's stock after purchasing an additional 3,094 shares during the period. Waldron Private Wealth LLC's holdings in Carvana were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company's stock worth $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. State Street Corp lifted its stake in shares of Carvana by 6.1% in the third 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 during the last quarter. Geode Capital Management LLC raised its holdings in Carvana by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company's stock worth $315,133,000 after acquiring an additional 131,059 shares during the period. Whale Rock Capital Management LLC bought a new stake in Carvana during the third quarter valued at about $162,953,000. Finally, Holocene Advisors LP grew its position in shares of Carvana by 108.2% in the third quarter. Holocene Advisors LP now owns 554,112 shares of the company's stock valued at $96,476,000 after purchasing an additional 287,983 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

Carvana Trading Down 0.8 %

Shares of CVNA stock traded down $2.14 on Wednesday, hitting $255.51. The stock had a trading volume of 857,583 shares, compared to its average volume of 3,998,968. The firm has a market cap of $53.05 billion, a P/E ratio of 25,558.06 and a beta of 3.37. Carvana Co. has a twelve month low of $43.87 and a twelve month high of $268.34. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The company has a fifty day moving average price of $230.44 and a two-hundred day moving average price of $196.46.

Analyst Upgrades and Downgrades

CVNA has been the subject of several research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $320.00 target price on shares of Carvana in a research note on Monday, December 16th. Piper Sandler boosted their price target on shares of Carvana from $151.00 to $225.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Evercore ISI upped their target price on shares of Carvana from $240.00 to $245.00 and gave the company an "in-line" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised Carvana from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $270.00 to $280.00 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on Carvana from $300.00 to $275.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.88.

Insiders Place Their Bets

In other Carvana news, insider Daniel J. Gill sold 44,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction 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 $49,617,150.75. This represents a 18.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ira J. Platt sold 25,000 shares of Carvana stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $244.30, for a total transaction of $6,107,500.00. Following the completion of the sale, the director now owns 5,227 shares in the company, valued at $1,276,956.10. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,845 shares of company stock worth $30,742,656 over the last ninety days. 17.18% of the stock is currently owned by corporate 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.