BI Asset Management Fondsmaeglerselskab A S Acquires Shares of 11,758 Carvana Co. (NYSE:CVNA)

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,758 shares of the company's stock, valued at approximately $2,391,000.

Other large investors have also made changes to their positions in the company. Fidelis Capital Partners LLC raised its stake in Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock valued at $313,000 after purchasing an additional 51 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Carvana by 2.8% in the 4th 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 during the last quarter. EverSource Wealth Advisors LLC raised its stake in Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock valued at $87,000 after purchasing an additional 74 shares during the last quarter. Great Lakes Advisors LLC raised its stake in Carvana by 2.1% in the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock valued at $752,000 after purchasing an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the sale, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at $35,033,660.22. This represents a 20.30 % 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 stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the completion of the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $55,016,895.44. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 330,810 shares of company stock valued at $69,243,820 in the last ninety days. Company insiders own 17.12% of the company's stock.

Carvana Trading Up 0.8 %

Shares of CVNA stock traded up $1.80 during trading hours on Friday, hitting $236.82. The company had a trading volume of 2,947,267 shares, compared to its average volume of 4,061,562. The company's fifty day moving average is $204.82 and its 200 day moving average is $222.98. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a fifty-two week low of $80.07 and a fifty-two week high of $292.84. The stock has a market capitalization of $50.48 billion, a PE ratio of 150.84 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CVNA has been the subject of several recent research reports. JMP Securities reduced their price objective on Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their target price on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. William Blair restated an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Bank of America dropped their target price on Carvana from $270.00 to $220.00 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, Stephens restated an "overweight" rating and issued a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $253.88.

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.