Meiji Yasuda Asset Management Co Ltd. Takes Position in Carvana Co. (NYSE:CVNA)

Meiji Yasuda Asset Management Co Ltd. acquired a new position in Carvana Co. (NYSE:CVNA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,570 shares of the company’s stock, valued at approximately $319,000.

A number of other institutional investors have also recently added to or reduced their stakes in CVNA. Quent Capital LLC bought a new stake in shares of Carvana during the 4th quarter worth about $28,000. Global Retirement Partners LLC boosted its holdings in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 78 shares during the period. Rialto Wealth Management LLC acquired a new position in Carvana in the 4th quarter valued at $31,000. ORG Wealth Partners LLC acquired a new position in Carvana during the 4th quarter worth $34,000. Finally, Versant Capital Management Inc bought a new stake in Carvana during the fourth quarter valued at about $42,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $210.35, for a total transaction of $10,517,500.00. Following the sale, the chief operating officer now directly owns 146,278 shares in the company, valued at $30,769,577.30. This represents a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on 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 approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,377 shares of company stock valued at $44,251,096. 17.12% of the stock is owned by insiders.

Analyst Ratings Changes

CVNA has been the topic of a number of recent analyst reports. Evercore ISI dropped their price objective 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 price target on Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price objective on Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Royal Bank of Canada boosted their target price on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $340.00 price target on shares of Carvana in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and a consensus target price of $261.53.

Carvana Trading Up 0.2 %

CVNA stock opened at $204.40 on Friday. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84. The firm has a market cap of $43.57 billion, a P/E ratio of 130.19 and a beta of 3.56. The business’s 50 day moving average is $227.25 and its 200-day moving average is $216.89. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

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