Nebula Research & Development LLC Has $491,000 Position in Carvana Co. (NYSE:CVNA)

Nebula Research & Development LLC decreased its position in shares of Carvana Co. (NYSE:CVNA) by 83.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,413 shares of the company’s stock after selling 11,909 shares during the period. Nebula Research & Development LLC’s holdings in Carvana were worth $491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CVNA. Charles Schwab Investment Management Inc. raised its holdings in Carvana by 9.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company’s stock valued at $94,148,000 after acquiring an additional 39,089 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of Carvana by 135.5% in the 4th quarter. Plato Investment Management Ltd now owns 5,204 shares of the company’s stock valued at $1,062,000 after purchasing an additional 2,994 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Carvana by 37.7% during the 4th quarter. Bank of New York Mellon Corp now owns 478,488 shares of the company’s stock worth $97,305,000 after buying an additional 130,942 shares in the last quarter. Oak Thistle LLC lifted its position in shares of Carvana by 115.9% during the 4th quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock worth $658,000 after buying an additional 1,738 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Carvana by 33.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock valued at $77,807,000 after buying an additional 95,497 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Ratings Changes

CVNA has been the subject of a number of research reports. William Blair reissued an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Stephens restated an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. Citigroup lowered their price target on shares of Carvana from $320.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Piper Sandler upped their target price on Carvana from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.76.

Insiders Place Their Bets

In other news, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total value of $2,501,200.00. Following the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $55,016,895.44. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 330,810 shares of company stock worth $69,243,820. 17.12% of the stock is owned by corporate insiders.

Carvana Trading Up 0.9 %

NYSE:CVNA opened at $243.59 on Wednesday. Carvana Co. has a 52 week low of $80.07 and a 52 week high of $292.84. The firm’s fifty day moving average is $203.95 and its 200-day moving average is $223.46. The firm has a market cap of $51.93 billion, a P/E ratio of 155.15 and a beta of 3.61. 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 (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Equities analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

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.