Carvana Co. (NYSE:CVNA) Stake Lessened by Entropy Technologies LP

Entropy Technologies LP decreased its position in shares of Carvana Co. (NYSE:CVNA) by 83.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,867 shares of the company’s stock after selling 19,674 shares during the period. Entropy Technologies LP’s holdings in Carvana were worth $786,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its stake in shares of 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 buying an additional 65 shares in the last quarter. Forum Financial Management LP grew its holdings in Carvana by 3.8% during the third quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock worth $361,000 after acquiring an additional 76 shares during the period. Nisa Investment Advisors LLC raised its position in Carvana by 0.3% in the fourth 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 in the last quarter. Fifth Third Bancorp lifted its holdings in Carvana by 37.6% in the 4th quarter. Fifth Third Bancorp now owns 322 shares of the company’s stock valued at $65,000 after acquiring an additional 88 shares during the last quarter. Finally, Empirical Asset Management LLC boosted its position in shares of Carvana by 2.0% during the 3rd quarter. Empirical Asset Management LLC now owns 5,109 shares of the company’s stock valued at $890,000 after purchasing an additional 100 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 189,097 shares of the company’s stock, valued at $37,961,222.75. This trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ira J. Platt sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was 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 approximately $1,276,956.10. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,845 shares of company stock valued at $30,742,656 in the last three months. Insiders own 17.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CVNA shares. Wells Fargo & Company dropped their target price on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI increased their price objective on Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised Carvana from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Stephens reiterated an “overweight” rating and issued a $300.00 price target on shares of Carvana in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average price target of $249.29.

Carvana Trading Up 1.0 %

Shares of NYSE:CVNA opened at $270.45 on Wednesday. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana Co. has a 12-month low of $48.15 and a 12-month high of $272.96. The firm has a fifty day moving average of $231.25 and a two-hundred day moving average of $201.27. The firm has a market capitalization of $56.15 billion, a P/E ratio of 27,071.57 and a beta of 3.37.

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.