Carvana Co. (NYSE:CVNA) Stock Holdings Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Carvana Co. (NYSE:CVNA) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,878,796 shares of the company’s stock after buying an additional 75,250 shares during the quarter. Geode Capital Management LLC owned about 0.90% of Carvana worth $381,592,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in Carvana by 112.8% during the third quarter. Cerity Partners LLC now owns 4,215 shares of the company’s stock worth $734,000 after purchasing an additional 2,234 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Carvana in the 3rd quarter valued at about $282,000. Rockefeller Capital Management L.P. bought a new stake in shares of Carvana during the 3rd quarter valued at about $1,772,000. Captrust Financial Advisors acquired a new stake in Carvana during the third quarter worth about $270,000. Finally, Centiva Capital LP bought a new position in Carvana in the third quarter worth about $555,000. Institutional investors own 56.71% of the company’s stock.

Carvana Price Performance

NYSE CVNA opened at $162.54 on Friday. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84. The stock’s 50-day moving average is $223.47 and its two-hundred day moving average is $218.92. The firm has a market cap of $34.65 billion, a P/E ratio of 103.53 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. On average, analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore ISI dropped their price target on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. Wedbush set a $250.00 target price on Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Stephens reissued an “overweight” rating and set a $300.00 price target on shares of Carvana in a report on Monday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, DA Davidson upped their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.59.

Insider Transactions at Carvana

In other news, COO Benjamin E. Huston sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $178.49, for a total transaction 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. The trade was a 20.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the insider now owns 153,240 shares in the company, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 280,810 shares of company stock worth $61,698,820. 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.