2,453 Shares in Carvana Co. (NYSE:CVNA) Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. bought a new position in shares of Carvana Co. (NYSE:CVNA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,453 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in shares of Carvana during the fourth quarter worth $29,000. Parallel Advisors LLC boosted its position in Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock worth $37,000 after acquiring an additional 194 shares during the last quarter. Tidemark LLC acquired a new position in Carvana during the fourth quarter worth about $50,000. Headlands Technologies LLC acquired a new position in Carvana in the 4th quarter valued at about $87,000. Finally, Russell Investments Group Ltd. boosted its holdings in Carvana by 112.9% in the 4th quarter. Russell Investments Group Ltd. now owns 1,699 shares of the company’s stock valued at $90,000 after purchasing an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Buying and Selling at Carvana

In other Carvana news, insider Paul W. Breaux sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $145.00, for a total value of $2,175,000.00. Following the sale, the insider now directly owns 114,124 shares in the company, valued at $16,547,980. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Paul W. Breaux sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the transaction, the insider now owns 114,124 shares in the company, valued at approximately $16,547,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernest C. Garcia III sold 18,100 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $116.24, for a total value of $2,103,944.00. Following the completion of the transaction, the chief executive officer now owns 896,449 shares in the company, valued at approximately $104,203,231.76. The disclosure for this sale can be found here. Insiders sold a total of 2,376,446 shares of company stock worth $274,746,431 over the last 90 days. Insiders own 17.12% of the company’s stock.

Carvana Price Performance

CVNA stock traded up $0.88 during midday trading on Friday, reaching $130.06. 5,631,166 shares of the company’s stock traded hands, compared to its average volume of 4,961,803. The company has a market capitalization of $26.35 billion, a P/E ratio of 57.04 and a beta of 3.37. Carvana Co. has a fifty-two week low of $25.09 and a fifty-two week high of $147.25. The business has a 50-day moving average price of $117.60 and a two-hundred day moving average price of $86.55.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.76) by $0.35. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $2.72 billion. As a group, research analysts forecast that Carvana Co. will post -0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC upgraded shares of Carvana from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on shares of Carvana from $90.00 to $130.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Robert W. Baird increased their price objective on shares of Carvana from $65.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of Carvana in a research report on Wednesday, July 10th. Finally, Evercore ISI upped their target price on shares of Carvana from $135.00 to $140.00 and gave the company an “in-line” rating in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $97.75.

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.