11,540 Shares in Carvana Co. (NYSE:CVNA) Acquired by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 11,540 shares of the company's stock, valued at approximately $2,009,000.

Other large investors also recently modified their holdings of the company. FMR LLC raised its stake in Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company's stock valued at $2,152,311,000 after buying an additional 5,882,656 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in Carvana during the third quarter worth $162,953,000. Sylebra Capital LLC acquired a new position in Carvana in the second quarter worth $67,686,000. Senator Investment Group LP bought a new stake in Carvana during the second quarter valued at $63,767,000. Finally, Driehaus Capital Management LLC raised its holdings in shares of Carvana by 124.9% during the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company's stock worth $74,888,000 after purchasing an additional 323,153 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on CVNA shares. Wedbush lifted their price target on shares of Carvana from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Monday, October 7th. Evercore ISI increased their price target on Carvana from $240.00 to $245.00 and gave the stock an "in-line" rating in a research report on Tuesday, December 3rd. Bank of America upped their price target on shares of Carvana from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on shares of Carvana from $150.00 to $185.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird upped their target price on shares of Carvana from $160.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $222.71.

Carvana Price Performance

Shares of Carvana stock traded up $0.48 during trading on Friday, hitting $248.25. The stock had a trading volume of 1,233,211 shares, compared to its average volume of 4,543,033. The business has a fifty day moving average of $228.64 and a two-hundred day moving average of $168.91. The firm has a market cap of $51.54 billion, a P/E ratio of 24,825.00 and a beta of 3.32. Carvana Co. has a fifty-two week low of $40.21 and a fifty-two week high of $268.34. 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 (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $0.23 earnings per share. Carvana's revenue was up 31.8% compared to the same quarter last year. On average, sell-side analysts expect that Carvana Co. will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul W. Breaux sold 14,548 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $198.00, for a total transaction of $2,880,504.00. Following the sale, the insider now owns 119,494 shares in the company, valued at $23,659,812. The trade was a 10.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $155.00, for a total transaction of $15,500,000.00. Following the completion of the transaction, the insider now directly owns 40,058,131 shares of the company's stock, valued at $6,209,010,305. This represents a 0.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,071,908 shares of company stock worth $395,374,785. Corporate insiders own 17.12% of the company's stock.

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.