1,295 Shares in Carvana Co. (NYSE:CVNA) Purchased by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC bought a new stake in Carvana Co. (NYSE:CVNA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,295 shares of the company’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Carvana by 2.7% in the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock valued at $904,642,000 after purchasing an additional 266,972 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Carvana by 39.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after acquiring an additional 2,112,463 shares in the last quarter. Lingotto Investment Management LLP grew its stake in shares of Carvana by 1.4% in the second quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock worth $486,143,000 after acquiring an additional 52,833 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Carvana by 12.2% in the second quarter. Renaissance Technologies LLC now owns 813,400 shares of the company’s stock valued at $104,701,000 after acquiring an additional 88,500 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in Carvana by 124.9% in the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock valued at $74,888,000 after purchasing an additional 323,153 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $193.06, for a total transaction of $19,306,000.00. Following the completion of the sale, the insider now directly owns 38,058,131 shares of the company’s stock, valued at $7,347,502,770.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $193.06, for a total value of $19,306,000.00. Following the transaction, the insider now owns 38,058,131 shares of the company’s stock, valued at approximately $7,347,502,770.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark W. Jenkins sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.14, for a total value of $730,700.00. Following the sale, the chief financial officer now owns 180,609 shares of the company’s stock, valued at $26,394,199.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,809,366 shares of company stock valued at $446,050,909 over the last quarter. 17.12% of the stock is currently owned by insiders.

Carvana Price Performance

Shares of NYSE CVNA opened at $191.31 on Friday. The company has a current ratio of 3.11, a quick ratio of 2.02 and a debt-to-equity ratio of 47.20. The stock has a market cap of $38.75 billion, a P/E ratio of 83.91 and a beta of 3.44. The stock has a 50 day moving average of $162.78 and a two-hundred day moving average of $129.17. Carvana Co. has a twelve month low of $25.09 and a twelve month high of $196.36.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.23 billion. On average, research analysts forecast that Carvana Co. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CVNA shares. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of Carvana in a report on Monday, September 9th. Royal Bank of Canada raised shares of Carvana to a “sector perform” rating and raised their target price for the company from $166.00 to $170.00 in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price target on shares of Carvana from $185.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. BTIG Research raised their price objective on shares of Carvana from $155.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, TD Cowen boosted their target price on shares of Carvana from $110.00 to $148.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Carvana presently has a consensus rating of “Hold” and a consensus target price of $171.76.

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.