TFC Financial Management Inc. Has $412,000 Position in Carvana Co. (NYSE:CVNA)

TFC Financial Management Inc. lessened its position in Carvana Co. (NYSE:CVNA) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,026 shares of the company’s stock after selling 75 shares during the period. TFC Financial Management Inc.’s holdings in Carvana were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CVNA. Quent Capital LLC bought a new stake in shares of Carvana in the 4th quarter valued at about $28,000. ORG Wealth Partners LLC bought a new stake in shares of Carvana during the 4th quarter valued at about $34,000. Capital Performance Advisors LLP bought a new stake in shares of Carvana during the 3rd quarter valued at about $40,000. Versant Capital Management Inc bought a new stake in shares of Carvana during the 4th quarter valued at about $42,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Carvana by 363.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock valued at $44,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In related news, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the completion of the sale, the chief financial officer now owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,207 shares of company stock valued at $31,110,504 over the last three months. Company insiders own 17.12% of the company’s stock.

Carvana Price Performance

Carvana stock opened at $267.97 on Thursday. Carvana Co. has a one year low of $48.15 and a one year high of $272.96. The business has a fifty day moving average price of $231.41 and a 200-day moving average price of $201.73. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. The firm has a market capitalization of $55.64 billion, a P/E ratio of 26,823.82 and a beta of 3.37.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of research reports. Royal Bank of Canada raised Carvana from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, January 7th. Robert W. Baird upped their price target on Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler upped their price target on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $330.00 price target on shares of Carvana in a research note on Tuesday, January 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $300.00 price target on shares of Carvana in a research note on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $249.29.

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.