Carvana Co. (NYSE:CVNA) Shares Sold by Investmentaktiengesellschaft Fuer Langfristige Investoren TGV

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV reduced its holdings in shares of Carvana Co. (NYSE:CVNA) by 28.2% during the 4th quarter, HoldingsChannel reports. The firm owned 358,848 shares of the company’s stock after selling 141,152 shares during the period. Carvana accounts for approximately 5.5% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s investment portfolio, making the stock its 5th biggest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in Carvana were worth $75,555,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in Carvana in the 4th quarter valued at about $28,000. Global Retirement Partners LLC boosted its position in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 78 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Carvana during the fourth quarter valued at approximately $34,000. Versant Capital Management Inc acquired a new position in Carvana in the 4th quarter worth $42,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Carvana by 79.2% in the fourth quarter. Venturi Wealth Management LLC now owns 224 shares of the company’s stock worth $46,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Price Performance

Shares of NYSE:CVNA opened at $223.14 on Friday. Carvana Co. has a 12 month low of $49.38 and a 12 month high of $292.84. The firm has a 50 day moving average of $234.35 and a 200-day moving average of $208.28. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $46.33 billion, a PE ratio of 142.13 and a beta of 3.37.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Transactions 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 completion of the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares in the company, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,629 shares of company stock valued at $44,833,799. Corporate insiders own 17.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CVNA shares. JPMorgan Chase & Co. lifted their target price on Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Evercore ISI boosted their price objective on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Robert W. Baird increased their target price on shares of Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday. William Blair reiterated an “outperform” rating on shares of Carvana in a research report on Thursday. Finally, Wedbush set a $250.00 price target on Carvana and gave the stock a “neutral” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and an average price target of $265.06.

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.