Great Lakes Advisors LLC Acquires 77 Shares of Carvana Co. (NYSE:CVNA)

Great Lakes Advisors LLC lifted its holdings in shares of Carvana Co. (NYSE:CVNA) by 2.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,698 shares of the company’s stock after purchasing an additional 77 shares during the period. Great Lakes Advisors LLC’s holdings in Carvana were worth $752,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC raised its holdings in Carvana by 3.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock worth $313,000 after purchasing an additional 51 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Carvana by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after purchasing an additional 65 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Carvana by 21.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after purchasing an additional 74 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings 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 purchasing an additional 86 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CVNA. JMP Securities reiterated a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a report on Monday, December 16th. Evercore ISI cut their target price on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research note on Tuesday, March 11th. Wedbush set a $250.00 target price on Carvana and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Bank of America cut their target price on Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday. Finally, DA Davidson increased their target price on Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Carvana has an average rating of “Moderate Buy” and an average target price of $262.71.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the firm’s 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 completion of the transaction, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,784 shares of company stock valued at $18,599,844. Insiders own 17.12% of the company’s stock.

Carvana Trading Up 8.8 %

Shares of NYSE:CVNA opened at $181.37 on Monday. The stock has a market capitalization of $38.66 billion, a price-to-earnings ratio of 115.52 and a beta of 3.56. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The stock’s 50-day simple moving average is $228.94 and its two-hundred day simple moving average is $214.28. Carvana Co. has a 52-week low of $67.61 and a 52-week high of $292.84.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Analysts expect that Carvana Co. will post 2.85 EPS 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.