Carvana Co. (NYSE:CVNA) Shares Purchased by Virtu Financial LLC

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

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

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 28,422 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at $63,536,023.70. This represents a 11.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,278 shares in the company, valued at $35,033,660.22. This represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,784 shares of company stock valued at $27,524,344. Insiders own 17.12% of the company’s stock.

Carvana Stock Up 3.2 %

Shares of NYSE CVNA opened at $191.38 on Friday. The firm has a market cap of $40.80 billion, a P/E ratio of 121.90 and a beta of 3.56. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. Carvana Co. has a 1 year low of $67.61 and a 1 year high of $292.84. The firm’s 50 day moving average price is $227.57 and its 200 day moving average price is $214.47.

Carvana (NYSE:CVNA) last posted 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 business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

Analysts Set New Price Targets

CVNA has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Royal Bank of Canada increased their price target on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Bank of America decreased their price objective on shares of Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Wells Fargo & Company reduced their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, William Blair reissued an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carvana presently has a consensus rating of “Moderate Buy” and an average target price of $262.71.

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.