Abel Hall LLC Has $224,000 Holdings in Carvana Co. (NYSE:CVNA)

Abel Hall LLC lowered its stake in shares of Carvana Co. (NYSE:CVNA) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,103 shares of the company’s stock after selling 56 shares during the quarter. Abel Hall LLC’s holdings in Carvana were worth $224,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CVNA. Envestnet Asset Management Inc. increased its position in Carvana by 155.7% during the second quarter. Envestnet Asset Management Inc. now owns 23,278 shares of the company’s stock worth $2,996,000 after acquiring an additional 14,174 shares during the period. Sei Investments Co. boosted its holdings in shares of Carvana by 158.3% in the 2nd quarter. Sei Investments Co. now owns 11,165 shares of the company’s stock worth $1,437,000 after acquiring an additional 6,843 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Carvana by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 166,904 shares of the company’s stock worth $21,484,000 after purchasing an additional 15,088 shares during the last quarter. Creative Planning increased its position in Carvana by 34.4% in the 2nd quarter. Creative Planning now owns 15,296 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,913 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in shares of Carvana in the second quarter valued at approximately $270,000. 56.71% of the stock is owned by institutional investors.

Insider Transactions at Carvana

In other news, Director Gregory B. Sullivan sold 5,000 shares of Carvana stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $235.00, for a total transaction of $1,175,000.00. Following the completion of the transaction, the director now directly owns 53,407 shares in the company, valued at $12,550,645. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the sale, the insider now directly owns 191,225 shares of the company’s stock, valued at $49,617,150.75. This represents 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 347,340 shares of company stock valued at $81,044,588. Corporate insiders own 17.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CVNA. Citigroup raised Carvana from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $277.00 in a report on Wednesday, January 8th. Robert W. Baird upped their price target on shares of Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Bank of America upped their price target on Carvana from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stephens restated an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a report on Thursday, January 2nd. Finally, Royal Bank of Canada upgraded shares of Carvana from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $270.00 to $280.00 in a report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.94.

Carvana Stock Performance

Carvana stock opened at $245.10 on Thursday. The business has a 50 day moving average of $230.89 and a 200-day moving average of $192.84. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. Carvana Co. has a 1 year low of $40.21 and a 1 year high of $268.34. The company has a market capitalization of $50.89 billion, a P/E ratio of 24,534.43 and a beta of 3.38.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 31.8% on a year-over-year basis. On average, equities research analysts predict that Carvana Co. will post 0.88 earnings per share for the current year.

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.