Carvana Co. (NYSE:CVNA) Stock Holdings Cut by Spruce House Investment Management LLC

Spruce House Investment Management LLC reduced its position in Carvana Co. (NYSE:CVNA - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,921,000 shares of the company's stock after selling 79,000 shares during the quarter. Carvana makes up approximately 36.8% of Spruce House Investment Management LLC's portfolio, making the stock its 2nd biggest position. Spruce House Investment Management LLC owned 2.37% of Carvana worth $1,000,735,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Carvana during the fourth quarter worth about $28,000. Global Retirement Partners LLC grew its position in shares of Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Carvana during the fourth quarter worth about $31,000. Venturi Wealth Management LLC grew its position in shares of Carvana by 79.2% during the fourth quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock worth $46,000 after buying an additional 99 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Carvana during the fourth quarter worth about $48,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Carvana

In other news, insider Thomas Taira sold 27,593 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the sale, the insider now owns 179,673 shares in the company, valued at $40,431,815.19. This represents a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark W. Jenkins sold 28,422 shares of the company's stock in a transaction that occurred 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 $63,536,023.70. This trade represents a 11.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 462,967 shares of company stock worth $106,728,267 over the last 90 days. 16.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CVNA. Citigroup boosted their price objective on Carvana from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada boosted their price objective on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company boosted their target price 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 boosted their target price on Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Evercore ISI decreased their target price on Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research note on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $269.18.

Carvana Price Performance

CVNA stock opened at $297.93 on Friday. The company has a market capitalization of $63.51 billion, a P/E ratio of 189.76 and a beta of 3.61. Carvana Co. has a twelve month low of $97.55 and a twelve month high of $311.88. The business has a 50 day simple moving average of $218.17 and a 200-day simple moving average of $229.55. 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 quarterly earnings data 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. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The company's revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. As a group, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

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.

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