Candriam S.C.A. Makes New $1.53 Million Investment in Carvana Co. (NYSE:CVNA)

Candriam S.C.A. purchased a new position in Carvana Co. (NYSE:CVNA) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 7,506 shares of the company’s stock, valued at approximately $1,526,000.

A number of other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC grew its holdings in Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after acquiring an additional 51 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in Carvana by 2.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after acquiring an additional 65 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Carvana by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company’s stock worth $5,657,000 after acquiring an additional 86 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Carvana by 37.6% in the 4th quarter. Fifth Third Bancorp now owns 322 shares of the company’s stock worth $65,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Carvana Stock Up 0.7 %

Shares of Carvana stock opened at $188.19 on Monday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The stock has a market capitalization of $40.11 billion, a PE ratio of 119.86 and a beta of 3.56. Carvana Co. has a 52-week low of $67.61 and a 52-week high of $292.84. The company has a 50-day simple moving average of $231.41 and a two-hundred day simple moving average of $213.67.

Carvana (NYSE:CVNA) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total value of $2,007,500.00. Following the completion of the transaction, the chief financial officer now directly owns 189,097 shares of the company’s stock, valued at approximately $37,961,222.75. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ira J. Platt sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $244.30, for a total transaction of $6,107,500.00. Following the transaction, the director now directly owns 5,227 shares of the company’s stock, valued at $1,276,956.10. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,629 shares of company stock valued at $30,866,419. Insiders own 17.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CVNA shares. Citigroup raised their price target on shares of Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Royal Bank of Canada lifted their target price on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. JMP Securities reaffirmed a “market outperform” rating and set a $320.00 target price on shares of Carvana in a research note on Monday, December 16th. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Finally, Bank of America lifted their target price on shares of Carvana from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.94.

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.