Geometric Wealth Advisors Decreases Stock Position in Carvana Co. (NYSE:CVNA)

Geometric Wealth Advisors cut its holdings in shares of Carvana Co. (NYSE:CVNA) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,850 shares of the company’s stock after selling 2,738 shares during the period. Carvana comprises approximately 0.7% of Geometric Wealth Advisors’ holdings, making the stock its 9th largest holding. Geometric Wealth Advisors’ holdings in Carvana were worth $4,037,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CVNA. FMR LLC raised its position in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in Carvana during the 3rd quarter worth $162,953,000. Lord Abbett & CO. LLC lifted its holdings in Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after buying an additional 503,824 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Carvana during the 4th quarter worth $60,866,000. Finally, Eagle Asset Management Inc. acquired a new position in Carvana during the 3rd quarter worth $50,531,000. 56.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CVNA. Evercore ISI upped their price objective on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price objective on Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday. Stephens reaffirmed an “overweight” rating and set a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Bank of America increased their price target on Carvana from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, JMP Securities reissued a “market outperform” rating and issued a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and an average target price of $265.94.

Carvana Price Performance

CVNA opened at $171.47 on Tuesday. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84. The company has a fifty day simple moving average of $230.63 and a 200 day simple moving average of $213.80. The stock has a market cap of $36.55 billion, a P/E ratio of 109.21 and a beta of 3.56.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. On average, research analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Insider Activity at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the transaction, the chief financial officer now owns 219,962 shares in the company, valued at approximately $63,536,023.70. This represents a 11.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul W. Breaux sold 1,362 shares of the 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 transaction, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,629 shares of company stock worth $24,758,919 in the last quarter. Corporate insiders own 17.12% of the company’s stock.

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.