2 weeks Ago By ABMN Staff
Townsquare Capital LLC increased its stake in Carvana Co. ( NYSE:CVNA – Free Report ) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 1,795 shares of the company’s stock after buying an additional 176 shares during the quarter. Townsquare Capital LLC’s holdings in Carvana were worth $365,000 as of its most recent SEC filing. Other hedge funds have also bought and sold shares of the company.
Fidelis Capital Partners LLC grew its holdings in Carvana by 3.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock valued at $313,000 after purchasing an additional 51 shares during the last quarter.
Bleakley Financial Group LLC lifted its stake in shares of Carvana by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock worth $483,000 after acquiring an additional 65 shares during the last quarter.
EverSource Wealth Advisors LLC boosted its holdings in Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock valued at $87,000 after acquiring an additional 74 shares during the period.
Great Lakes Advisors LLC increased its stake in Carvana by 2.1% in the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock worth $752,000 after purchasing an additional 77 shares during the period.
Finally, Global Retirement Partners LLC lifted its position in shares of Carvana by 109.9% during 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 during the last quarter.
Institutional investors own 56.71% of the company’s stock. Insider Activity at Carvana In other Carvana news, CFO Mark W.
Jenkins sold 10,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were 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 of the company’s stock, valued at approximately $41,387,059.
20. This trade represents a 0.88 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold a total of 330,810 shares of company stock worth $69,243,820 over the last quarter. Insiders own 17.
12% of the company’s stock. Carvana Stock Performance Carvana ( NYSE:CVNA – Get Free Report ) last released its earnings results on Wednesday, February 19th. The company reported $0.
56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27.
The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion.
Carvana had a return on equity of 36.59% and a net margin of 1.54%.
Sell-side analysts expect that Carvana Co. will post 2.85 EPS for the current year.
Analyst Ratings Changes CVNA has been the subject of a number of research analyst reports. Piper Sandler upgraded shares of Carvana from a “neutral” rating to an “overweight” rating in a report on Monday, March 31st. Stephens restated an “overweight” rating and set a $300.
00 price objective on shares of Carvana in a report on Monday, March 3rd. Royal Bank of Canada increased their price target on Carvana from $280.00 to $320.
00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. William Blair reaffirmed an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Finally, DA Davidson raised their target price on shares of Carvana from $220.
00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock.
According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.59. Check Out Our Latest Research Report on CVNA Carvana Company Profile ( 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 More Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter .
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