Private Advisor Group LLC Has $4.67 Million Holdings in Carvana Co. (NYSE:CVNA)

Private Advisor Group LLC cut its stake in shares of Carvana Co. (NYSE:CVNA) by 24.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,978 shares of the company’s stock after selling 7,536 shares during the period. Private Advisor Group LLC’s holdings in Carvana were worth $4,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC grew its position in Carvana by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after purchasing an additional 65 shares in the last quarter. Forum Financial Management LP grew its position in Carvana by 3.8% during the third quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock valued at $361,000 after purchasing an additional 76 shares in the last quarter. Global Retirement Partners LLC grew its position in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Carvana by 0.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company’s stock valued at $5,657,000 after purchasing an additional 86 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Carvana by 37.6% in the fourth quarter. Fifth Third Bancorp now owns 322 shares of the company’s stock worth $65,000 after acquiring an additional 88 shares in the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Carvana Price Performance

Shares of Carvana stock opened at $223.14 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company has a market cap of $46.33 billion, a PE ratio of 142.13 and a beta of 3.37. The firm has a fifty day moving average price of $234.35 and a two-hundred day moving average price of $208.28. Carvana Co. has a fifty-two week low of $49.38 and a fifty-two week high of $292.84.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) 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 business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC raised their target price on Carvana from $330.00 to $340.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird upped their price target on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday. JMP Securities reissued a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. Finally, Royal Bank of Canada boosted their target price on Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Carvana currently has an average rating of “Moderate Buy” and an average target price of $265.06.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction 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 directly owns 191,225 shares in the company, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total value of $2,550,700.00. Following the sale, the chief financial officer now owns 189,761 shares of the company’s stock, valued at approximately $48,402,338.27. The trade was a 5.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,629 shares of company stock worth $44,833,799. 17.12% of the stock is currently owned by insiders.

Carvana Company 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.