Warren Street Wealth Advisors LLC Lowers Holdings in Carvana Co. (NYSE:CVNA)

Warren Street Wealth Advisors LLC lowered its position in Carvana Co. (NYSE:CVNA) by 12.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,132 shares of the company’s stock after selling 163 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Carvana were worth $230,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares in the last quarter. State Street Corp raised its stake in Carvana by 6.1% in the third quarter. State Street Corp now owns 1,877,511 shares of the company’s stock worth $326,893,000 after buying an additional 107,610 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Carvana by 7.8% during the third quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock worth $315,133,000 after buying an additional 131,059 shares during the period. Whale Rock Capital Management LLC bought a new stake in Carvana during the 3rd quarter valued at $162,953,000. Finally, Holocene Advisors LP increased its holdings in shares of Carvana by 108.2% in the 3rd quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock valued at $96,476,000 after acquiring an additional 287,983 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CVNA. JPMorgan Chase & Co. boosted their target price on shares of Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Robert W. Baird boosted their price objective on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Carvana in a research note on Thursday, February 6th. Jefferies Financial Group lifted their price target on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Citigroup upgraded Carvana from a “neutral” rating to a “buy” rating and increased their price objective for the company from $195.00 to $277.00 in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.29.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the sale, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. This trade represents a 4.35 % decrease in their position. The sale 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 Carvana stock in a transaction dated Monday, February 10th. The shares were 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 $41,387,059.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,207 shares of company stock valued at $31,110,504 over the last quarter. 17.12% of the stock is currently owned by company insiders.

Carvana Stock Performance

Shares of CVNA opened at $267.97 on Thursday. The stock has a 50-day moving average of $231.41 and a two-hundred day moving average of $201.73. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The stock has a market cap of $55.64 billion, a P/E ratio of 26,823.82 and a beta of 3.37. Carvana Co. has a one year low of $48.15 and a one year high of $272.96.

Carvana 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.