Carvana Co. (NYSE:CVNA) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,230 shares of the company's stock after acquiring an additional 10,212 shares during the period. Ensign Peak Advisors Inc's holdings in Carvana were worth $8,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVNA. Vanguard Group Inc. grew its stake in shares of Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock worth $2,323,463,000 after purchasing an additional 610,234 shares during the period. Lingotto Investment Management LLP grew its position in Carvana by 1.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock worth $810,827,000 after buying an additional 57,215 shares during the period. Durable Capital Partners LP increased its holdings in Carvana by 6.3% in the fourth quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company's stock valued at $440,932,000 after buying an additional 129,246 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Carvana by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock valued at $381,592,000 after acquiring an additional 75,250 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Carvana by 89.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock valued at $207,086,000 after acquiring an additional 481,912 shares during the period. Institutional investors and hedge funds own 56.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CVNA shares. William Blair restated an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Robert W. Baird raised their price target on Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price target on Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley raised shares of Carvana from an "underweight" rating to an "overweight" rating in a research note on Monday, March 31st. Finally, Stephens restated an "overweight" rating and set a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Carvana presently has an average rating of "Moderate Buy" and a consensus price target of $268.59.

Insider Activity at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 28,422 shares of Carvana stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 219,962 shares in the company, valued at $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 available through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the transaction, the chief operating officer now directly owns 123,803 shares of the company's stock, valued at approximately $18,681,872.70. This represents a 28.77% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 441,353 shares of company stock worth $99,768,424. 17.12% of the stock is currently owned by insiders.

Carvana Stock Performance

Shares of CVNA opened at $279.44 on Tuesday. Carvana Co. has a 1 year low of $97.55 and a 1 year high of $293.62. The company's 50 day simple moving average is $211.21 and its 200 day simple moving average is $227.94. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 177.99 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly 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%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the firm posted $0.23 EPS. Carvana's revenue was up 38.3% on a year-over-year basis. On average, sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current year.

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.

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