Wilmington Savings Fund Society FSB Buys 1,839 Shares of Carvana Co. (NYSE:CVNA)

Wilmington Savings Fund Society FSB lifted its stake in Carvana Co. (NYSE:CVNA) by 133.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,222 shares of the company’s stock after acquiring an additional 1,839 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Carvana were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its position in Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after buying an additional 5,882,656 shares during the period. State Street Corp grew its position in shares of Carvana by 6.1% during the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company’s stock valued at $326,893,000 after acquiring an additional 107,610 shares during the period. Geode Capital Management LLC increased its stake in shares of Carvana by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock worth $315,133,000 after purchasing an additional 131,059 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Carvana during the third quarter valued at $162,953,000. Finally, Holocene Advisors LP grew its holdings in Carvana by 108.2% during the third quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock valued at $96,476,000 after purchasing an additional 287,983 shares during the period. Institutional investors own 56.71% of the company’s stock.

Insider Activity

In other news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the sale, the insider now owns 191,225 shares in the company, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of Carvana stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the sale, the chief financial officer now owns 189,761 shares in the company, valued at $48,402,338.27. This represents a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,845 shares of company stock worth $30,742,656. 17.12% of the stock is currently owned by corporate insiders.

Carvana Stock Up 1.5 %

CVNA stock opened at $267.96 on Tuesday. Carvana Co. has a fifty-two week low of $48.15 and a fifty-two week high of $270.18. The company’s 50 day moving average price is $230.95 and its 200 day moving average price is $200.30. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The firm has a market capitalization of $55.64 billion, a price-to-earnings ratio of 26,823.12 and a beta of 3.37.

Wall Street Analysts Forecast Growth

CVNA has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on shares of Carvana from $160.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Carvana in a research note on Thursday, February 6th. JMP Securities reiterated a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a research report on Monday, December 16th. Citigroup raised shares of Carvana from a “neutral” rating to a “buy” rating and raised their target price for the company from $195.00 to $277.00 in a research note on Wednesday, January 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $330.00 price objective on shares of Carvana in a report on Tuesday, January 7th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $249.29.

About Carvana

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.