Carvana Co. (NYSE:CVNA) Shares Sold by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. reduced its position in shares of Carvana Co. (NYSE:CVNA) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,837 shares of the company’s stock after selling 1,891 shares during the period. Yeomans Consulting Group Inc.’s holdings in Carvana were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CVNA. Sugarloaf Wealth Management LLC acquired a new stake in Carvana during the third quarter worth approximately $32,000. ORG Wealth Partners LLC acquired a new stake in shares of Carvana during the fourth quarter worth $34,000. Capital Performance Advisors LLP purchased a new stake in shares of Carvana in the third quarter valued at $40,000. Versant Capital Management Inc acquired a new position in Carvana in the fourth quarter valued at $42,000. Finally, First Horizon Advisors Inc. lifted its position in Carvana by 363.0% during the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock worth $44,000 after buying an additional 196 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carvana

In other Carvana news, insider Paul W. Breaux sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $240.22, for a total transaction of $7,206,600.00. Following the transaction, the insider now owns 135,025 shares of the company’s stock, valued at $32,435,705.50. This trade represents a 18.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel J. Gill sold 44,000 shares of Carvana stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 380,383 shares of company stock worth $88,981,508 in the last ninety days. 17.12% of the stock is owned by insiders.

Carvana Stock Up 4.0 %

Shares of Carvana stock opened at $243.32 on Friday. 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 Co. has a 1-year low of $40.21 and a 1-year high of $268.34. The business has a 50-day moving average of $231.02 and a 200-day moving average of $189.22. The company has a market capitalization of $50.52 billion, a PE ratio of 24,356.06 and a beta of 3.38.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) 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. The business’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, equities analysts forecast that Carvana Co. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Bank of America increased their price target on shares of Carvana from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup raised shares of Carvana from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $277.00 in a research note on Wednesday, January 8th. Robert W. Baird increased their target price on Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley raised Carvana from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $110.00 to $260.00 in a research report on Tuesday, November 5th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.94.

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.