Carvana Co. (NYSE:CVNA) Position Lessened by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. reduced its stake in shares of Carvana Co. (NYSE:CVNAFree Report) by 50.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,837 shares of the company’s stock after selling 1,891 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in Carvana were worth $374,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of 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 acquiring an additional 5,882,656 shares during the last quarter. State Street Corp boosted its stake in 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 purchasing an additional 107,610 shares during the period. Geode Capital Management LLC grew its position in 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 during the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Carvana in the third quarter valued at approximately $162,953,000. Finally, Driehaus Capital Management LLC raised its holdings in shares of Carvana by 124.9% during the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock valued at $74,888,000 after buying an additional 323,153 shares during the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup raised Carvana from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $277.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on Carvana from $230.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Evercore ISI lifted their price objective on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research note on Tuesday, December 3rd. Bank of America increased their target price on shares of Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JMP Securities restated a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research report on Monday, December 16th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.94.

View Our Latest Report on CVNA

Carvana Stock Up 4.0 %

Shares of Carvana stock opened at $243.32 on Friday. Carvana Co. has a 12-month low of $40.21 and a 12-month high of $268.34. The firm has a market capitalization of $50.52 billion, a PE ratio of 24,356.06 and a beta of 3.38. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The stock’s fifty day moving average is $231.02 and its 200-day moving average is $189.22.

Carvana (NYSE:CVNAGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.41. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. Carvana’s quarterly revenue was up 31.8% on a year-over-year basis. Equities analysts anticipate that Carvana Co. will post 0.88 earnings per share for the current year.

Insider Activity at Carvana

In related news, COO Benjamin E. Huston sold 3,043 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $240.00, for a total transaction of $730,320.00. Following the transaction, the chief operating officer now directly owns 218,686 shares of the company’s stock, valued at approximately $52,484,640. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul W. Breaux sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $240.22, for a total value of $7,206,600.00. Following the sale, the insider now owns 135,025 shares of the company’s stock, valued at $32,435,705.50. The trade was a 18.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 380,383 shares of company stock worth $88,981,508. 17.12% of the stock is owned by corporate insiders.

Carvana 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.

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Institutional Ownership by Quarter for Carvana (NYSE:CVNA)

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