Focus Partners Advisor Solutions LLC Grows Stock Holdings in Carvana Co. $CVNA

Focus Partners Advisor Solutions LLC raised its holdings in shares of Carvana Co. (NYSE:CVNA) by 64.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,323 shares of the company’s stock after purchasing an additional 2,862 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Carvana were worth $2,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. SJS Investment Consulting Inc. lifted its holdings in shares of Carvana by 28.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock valued at $51,000 after acquiring an additional 30 shares during the last quarter. MAI Capital Management raised its position in Carvana by 1.8% during the second quarter. MAI Capital Management now owns 1,757 shares of the company’s stock valued at $592,000 after purchasing an additional 31 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Carvana by 23.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 165 shares of the company’s stock valued at $62,000 after purchasing an additional 31 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Carvana by 1.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. Finally, WPG Advisers LLC boosted its holdings in shares of Carvana by 17.2% in the 3rd quarter. WPG Advisers LLC now owns 218 shares of the company’s stock worth $82,000 after purchasing an additional 32 shares during the period. 56.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carvana

In other news, insider Daniel J. Gill sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $439.50, for a total value of $35,160,000.00. Following the completion of the sale, the insider owned 191,106 shares of the company’s stock, valued at approximately $83,991,087. This represents a 29.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark W. Jenkins sold 12,750 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $403.02, for a total transaction of $5,138,505.00. Following the completion of the transaction, the chief financial officer directly owned 204,036 shares of the company’s stock, valued at $82,230,588.72. This trade represents a 5.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 300,673 shares of company stock worth $133,268,531. Insiders own 17.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CVNA. Evercore decreased their price target on Carvana from $430.00 to $390.00 in a report on Thursday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $500.00 target price on shares of Carvana in a research note on Thursday, February 19th. Wedbush lowered their target price on shares of Carvana from $500.00 to $425.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Gordon Haskett reduced their price objective on shares of Carvana from $435.00 to $350.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Finally, Royal Bank Of Canada decreased their price objective on shares of Carvana from $500.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $440.59.

Carvana Price Performance

Carvana stock opened at $315.67 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.31 and a quick ratio of 2.73. The stock has a market cap of $69.08 billion, a price-to-earnings ratio of 39.26 and a beta of 3.60. The firm has a 50-day moving average of $404.04 and a two-hundred day moving average of $380.66. Carvana Co. has a 1 year low of $148.25 and a 1 year high of $486.89.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $3.12. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.24 billion. Carvana had a net margin of 6.92% and a return on equity of 50.96%. The company’s quarterly revenue was up 58.0% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. On average, research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Carvana Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.