2,165 Shares in Carvana Co. (NYSE:CVNA) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,165 shares of the company's stock, valued at approximately $377,000.

Several other large investors also recently made changes to their positions in the stock. Driehaus Capital Management LLC raised its stake in Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company's stock valued at $74,888,000 after buying an additional 323,153 shares during the period. Highland Capital Management LLC acquired a new position in shares of Carvana in the third quarter valued at approximately $1,314,000. Legacy Capital Group California Inc. acquired a new position in shares of Carvana in the third quarter valued at about $1,248,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Carvana by 64.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,931 shares of the company's stock valued at $2,875,000 after buying an additional 6,665 shares in the last quarter. Finally, Chicago Capital LLC bought a new stake in Carvana during the third quarter worth about $940,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 20,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $241.78, for a total transaction of $4,835,600.00. Following the sale, the chief financial officer now owns 170,732 shares in the company, valued at $41,279,582.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Ernest C. Garcia II sold 75,000 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $134.06, for a total transaction of $10,054,500.00. Following the completion of the sale, the insider now directly owns 940,814 shares in the company, valued at $126,125,524.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark W. Jenkins sold 20,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $241.78, for a total transaction of $4,835,600.00. Following the completion of the transaction, the chief financial officer now owns 170,732 shares in the company, valued at $41,279,582.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,810,251 shares of company stock worth $494,577,629 over the last ninety days. 17.12% of the stock is owned by corporate insiders.

Carvana Stock Performance

Shares of Carvana stock traded up $2.92 during trading hours on Friday, reaching $244.35. The company had a trading volume of 1,951,480 shares, compared to its average volume of 3,363,386. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. Carvana Co. has a one year low of $27.75 and a one year high of $259.39. The firm has a market cap of $50.73 billion, a PE ratio of 24,435.00 and a beta of 3.37. The business has a fifty day simple moving average of $182.63 and a 200 day simple moving average of $144.02.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $0.23 earnings per share. Carvana's revenue was up 31.8% compared to the same quarter last year. On average, analysts anticipate that Carvana Co. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of research analyst reports. DA Davidson upped their price objective on Carvana from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Citigroup raised their price objective on Carvana from $125.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Stephens initiated coverage on Carvana in a research note on Thursday, September 12th. They issued an "overweight" rating and a $190.00 price objective for the company. Evercore ISI lifted their price objective on shares of Carvana from $186.00 to $190.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Finally, Wedbush upped their target price on shares of Carvana from $150.00 to $175.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Carvana presently has an average rating of "Hold" and an average price target of $217.71.

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.