Carvana Co. (NYSE:CVNA) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,676 shares of the company's stock after selling 12,324 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Carvana were worth $5,221,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CVNA. World Investment Advisors LLC purchased a new stake in shares of Carvana during the third quarter valued at approximately $2,009,000. Wilmington Savings Fund Society FSB purchased a new stake in Carvana during the 3rd quarter worth $241,000. Versant Capital Management Inc acquired a new position in Carvana in the 4th quarter worth $42,000. GAMMA Investing LLC boosted its position in Carvana by 28.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company's stock valued at $159,000 after buying an additional 176 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Carvana during the fourth quarter valued at about $573,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Insider Transactions at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the sale, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $63,536,023.70. The trade was a 11.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Benjamin E. Huston sold 10,000 shares of Carvana stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $253.56, for a total value of $2,535,600.00. Following the transaction, the chief operating officer now directly owns 139,294 shares in the company, valued at approximately $35,319,386.64. The trade was a 6.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 348,560 shares of company stock valued at $73,806,520. 17.12% of the stock is currently owned by corporate insiders.

Carvana Stock Performance

NYSE:CVNA traded down $0.38 during mid-day trading on Tuesday, hitting $259.19. The stock had a trading volume of 2,832,464 shares, compared to its average volume of 3,870,531. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company has a 50 day simple moving average of $207.06 and a 200-day simple moving average of $225.64. The stock has a market capitalization of $55.25 billion, a price-to-earnings ratio of 165.09 and a beta of 3.61. Carvana Co. has a 52 week low of $97.55 and a 52 week high of $292.84.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share 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 company had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.32 billion. On average, research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. William Blair reissued an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Wedbush set a $250.00 price target on shares of Carvana and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. JMP Securities cut their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 9th. Piper Sandler raised their price objective on shares of Carvana from $225.00 to $230.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, DA Davidson upped their target price on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.76.

About Carvana

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.