2 weeks Ago By Defense World Staff
Cerity Partners LLC boosted its holdings in shares of Carvana Co. (NYSE:CVNA – Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 4,314 shares of the company’s stock after acquiring an additional 99 shares during the quarter. Cerity Partners LLC’s holdings in Carvana were worth $845,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently bought and sold shares of the company.
Fidelis Capital Partners LLC raised its stake in shares of Carvana by 3.4% during the 4th 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 grew its position 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 acquiring an additional 65 shares in the last quarter.
EverSource Wealth Advisors LLC increased its stake in shares of Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after purchasing an additional 74 shares during the last quarter.
Great Lakes Advisors LLC raised its holdings in shares of Carvana by 2.1% during the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock valued at $752,000 after purchasing an additional 77 shares in the last quarter.
Finally, Global Retirement Partners LLC lifted its stake in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter.
Hedge funds and other institutional investors own 56.71% of the company’s stock. Carvana Stock Up 0.
8 %Shares of CVNA opened at $211.03 on Friday. Carvana Co.
has a 12 month low of $67.61 and a 12 month high of $292.84.
The stock has a market cap of $44.99 billion, a price-to-earnings ratio of 134.42 and a beta of 3.
61. The company has a 50-day moving average price of $210.77 and a two-hundred day moving average price of $221.
50. The company has a quick ratio of 2.12, a current ratio of 3.
64 and a debt-to-equity ratio of 3.82. Carvana (NYSE:CVNA – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th.
The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.
27. Carvana had a return on equity of 36.59% and a net margin of 1.
54%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.
32 billion. Equities analysts predict that Carvana Co. will post 2.
85 EPS for the current fiscal year. Insiders Place Their BetsIn other news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction that occurred on Tuesday, February 18th.
The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70.
Following the sale, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at $63,536,023.70. This represents a 11.
44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul W.
Breaux sold 1,362 shares of the company’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 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.
Over the last ninety days, insiders have sold 330,810 shares of company stock valued at $69,243,820. 17.12% of the stock is currently owned by insiders.
Analyst Ratings ChangesSeveral equities analysts have weighed in on CVNA shares. DA Davidson raised their target price on Carvana from $220.00 to $260.
00 and gave the company a “neutral” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. reduced their target price on Carvana from $365.
00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Needham & Company LLC reiterated a “buy” rating and set a $340.
00 price target on shares of Carvana in a report on Friday, March 7th. Bank of America reduced their price objective on shares of Carvana from $270.00 to $220.
00 and set a “buy” rating for the company in a research note on Friday, March 14th. Finally, William Blair reissued an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.59.
Get Our Latest Research Report on CarvanaAbout Carvana (Free Report)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.Read MoreFive stocks we like better than CarvanaWhat is the Euro STOXX 50 Index?J.
B. Hunt Transport Overcorrects Into a Buying OpportunityHigh Dividend REITs: Are They an Ideal Way to Diversify?AppLovin: Can Record Profits Overcome Market Skepticism?Industrial Products Stocks Investing MarketBeat Week in Review – 04/14 – 04/18Want to see what other hedge funds are holding CVNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carvana Co.
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