Carvana Co. (NYSE:CVNA) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 89.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,018,321 shares of the company's stock after acquiring an additional 481,912 shares during the quarter. BNP Paribas Financial Markets owned about 0.49% of Carvana worth $207,086,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quent Capital LLC purchased a new stake in shares of Carvana during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC lifted its position in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in Carvana in the fourth quarter valued at $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana during the fourth quarter worth about $34,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Carvana during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Carvana Price Performance

Shares of NYSE:CVNA traded down $0.37 during trading on Wednesday, hitting $258.44. 5,546,972 shares of the stock were exchanged, compared to its average volume of 3,873,230. Carvana Co. has a 12-month low of $97.55 and a 12-month high of $292.84. The company has a market cap of $55.09 billion, a PE ratio of 164.61 and a beta of 3.61. The company has a fifty day moving average price of $207.56 and a two-hundred day moving average price of $225.87. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Carvana's quarterly revenue was up 38.3% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. On average, analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Insider Buying and Selling at Carvana

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the transaction, the chief operating officer now owns 196,278 shares of the company's stock, valued at approximately $35,033,660.22. This trade represents a 20.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark W. Jenkins sold 28,422 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the transaction, the chief financial officer now owns 219,962 shares in the company, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 348,560 shares of company stock worth $73,806,520. 17.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler boosted their price objective on Carvana from $225.00 to $230.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Royal Bank of Canada raised their price objective on shares of Carvana from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Wells Fargo & Company restated a "market outperform" rating on shares of Carvana in a research report on Tuesday. Finally, JMP Securities decreased their price objective on Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Carvana has an average rating of "Moderate Buy" and a consensus target price of $254.76.

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.