169 Shares in Carvana Co. (NYSE:CVNA) Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC acquired a new stake in Carvana Co. (NYSE:CVNA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 169 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds also recently made changes to their positions in the business. Forum Financial Management LP raised its stake in Carvana by 3.8% in the 3rd quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock valued at $361,000 after acquiring an additional 76 shares during the period. Empirical Asset Management LLC increased its holdings in shares of Carvana by 2.0% in the third 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 during the last quarter. CIBC Asset Management Inc raised its position in shares of Carvana by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,366 shares of the company’s stock valued at $586,000 after purchasing an additional 115 shares during the period. MML Investors Services LLC lifted its stake in shares of Carvana by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 4,172 shares of the company’s stock worth $726,000 after buying an additional 122 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Carvana by 6.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company’s stock worth $402,000 after buying an additional 130 shares during the period. 56.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Paul W. Breaux sold 14,548 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $198.00, for a total transaction of $2,880,504.00. Following the sale, the insider now owns 119,494 shares in the company, valued at $23,659,812. The trade was a 10.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $190.47, for a total value of $19,047,000.00. Following the completion of the transaction, the insider now directly owns 38,258,131 shares of the company’s stock, valued at approximately $7,287,026,211.57. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 951,908 shares of company stock valued at $199,569,285. 17.12% of the stock is currently owned by corporate insiders.

Carvana Stock Performance

NYSE CVNA opened at $193.40 on Friday. Carvana Co. has a 1 year low of $40.21 and a 1 year high of $268.34. The firm has a market capitalization of $40.16 billion, a price-to-earnings ratio of 19,359.36 and a beta of 3.38. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The firm’s 50 day simple moving average is $234.92 and its 200 day simple moving average is $182.79.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. As a group, research analysts expect that Carvana Co. will post 0.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CVNA. Evercore ISI raised their price objective on shares of Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. JMP Securities reissued a “market outperform” rating and set a $320.00 price target on shares of Carvana in a report on Monday, December 16th. Morgan Stanley raised Carvana from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. Piper Sandler lifted their target price on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, 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 research note on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carvana presently has an average rating of “Moderate Buy” and an average price target of $241.94.

Carvana Company 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.