Janus Henderson Group PLC Has $8.35 Million Stock Holdings in Carvana Co. (NYSE:CVNA)

Janus Henderson Group PLC grew its stake in shares of Carvana Co. (NYSE:CVNA) by 5.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 47,946 shares of the company’s stock after acquiring an additional 2,469 shares during the quarter. Janus Henderson Group PLC’s holdings in Carvana were worth $8,348,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CVNA. FMR LLC lifted its position in Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after purchasing an additional 5,882,656 shares during the period. Sylebra Capital LLC acquired a new position in shares of Carvana in the 2nd quarter valued at approximately $67,686,000. Senator Investment Group LP bought a new stake in shares of Carvana during the 2nd quarter worth approximately $63,767,000. Driehaus Capital Management LLC boosted its position in shares of Carvana by 124.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock worth $74,888,000 after acquiring an additional 323,153 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Carvana in the second quarter valued at approximately $39,997,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Carvana news, CFO Mark W. Jenkins sold 208,495 shares of Carvana stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.43, for a total value of $46,792,532.85. Following the completion of the sale, the chief financial officer now directly owns 90,732 shares in the company, valued at approximately $20,362,982.76. The trade was a 69.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the transaction, the insider now owns 191,225 shares in the company, valued at $49,617,150.75. The trade was a 18.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,022,063 shares of company stock valued at $383,108,209. 17.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CVNA. Piper Sandler upped their target price on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI upped their price objective on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Citigroup lifted their target price on Carvana from $125.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. JMP Securities increased their target price on shares of Carvana from $200.00 to $320.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $110.00 to $260.00 in a report on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $220.94.

Carvana Stock Down 1.8 %

Shares of CVNA opened at $251.21 on Monday. The stock’s 50-day moving average price is $221.77 and its two-hundred day moving average price is $164.51. Carvana Co. has a 12 month low of $36.53 and a 12 month high of $268.34. The company has a market capitalization of $52.16 billion, a PE ratio of 25,146.15 and a beta of 3.32. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.47 billion. Carvana’s revenue was up 31.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, analysts anticipate that Carvana Co. will post 0.76 EPS for the current 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.