2,960 Shares in Carvana Co. (NYSE:CVNA) Acquired by Prakash Investment Advisors LLC

Prakash Investment Advisors LLC bought a new position in shares of Carvana Co. (NYSE:CVNA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,960 shares of the company’s stock, valued at approximately $602,000. Carvana makes up approximately 0.6% of Prakash Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in Carvana in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC grew its position in 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 acquiring an additional 78 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Carvana in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Carvana in the third quarter valued at approximately $40,000. Finally, Versant Capital Management Inc acquired a new stake in Carvana in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Carvana in a research report on Thursday, February 6th. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $110.00 to $260.00 in a research report on Tuesday, November 5th. DA Davidson increased their price objective on shares of Carvana from $220.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday. 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. Finally, William Blair reiterated an “outperform” rating on shares of Carvana in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and an average target price of $259.00.

Carvana Stock Performance

Shares of CVNA opened at $248.03 on Friday. The business’s fifty day moving average price is $234.85 and its 200 day moving average price is $207.18. Carvana Co. has a 12-month low of $48.15 and a 12-month high of $292.84. The stock has a market capitalization of $51.50 billion, a PE ratio of 24,827.83 and a beta of 3.37. 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) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Equities research analysts forecast that Carvana Co. will post 0.87 EPS for the current year.

Insider Buying and Selling at Carvana

In other news, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the transaction, the insider now directly owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark W. Jenkins sold 20,000 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $275.68, for a total value of $5,513,600.00. Following the transaction, the chief financial officer now directly owns 199,962 shares in the company, valued at $55,125,524.16. This trade represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 173,629 shares of company stock worth $44,833,799. 17.12% of the stock is owned by insiders.

Carvana Company 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.