Carvana Co. (NYSE:CVNA) Shares Purchased by Senator Investment Group LP

Senator Investment Group LP lifted its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,024 shares of the company's stock after buying an additional 7,500 shares during the quarter. Carvana makes up 2.6% of Senator Investment Group LP's holdings, making the stock its 8th largest holding. Senator Investment Group LP owned about 0.21% of Carvana worth $88,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CVNA. Vanguard Group Inc. raised its stake in Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock worth $2,323,463,000 after acquiring an additional 610,234 shares during the last quarter. Lingotto Investment Management LLP increased its holdings in Carvana by 1.5% in the 4th 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. Geode Capital Management LLC raised its position in Carvana by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock worth $381,592,000 after buying an additional 75,250 shares during the last quarter. Norges Bank purchased a new stake in shares of Carvana in the 4th quarter valued at $179,364,000. Finally, First Trust Advisors LP increased its stake in shares of Carvana by 4.0% in the fourth quarter. First Trust Advisors LP now owns 593,636 shares of the company's stock worth $120,722,000 after acquiring an additional 22,640 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of Carvana 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 transaction, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at $35,033,660.22. The trade was a 20.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Taira sold 27,593 shares of the company's stock in a transaction 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 sale, the insider now directly owns 179,673 shares of the company's stock, valued at approximately $40,431,815.19. This trade represents a 13.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 330,810 shares of company stock valued at $69,243,820 in the last ninety days. Insiders own 17.12% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CVNA. Citigroup dropped their price objective on shares of Carvana from $320.00 to $280.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wedbush set a $250.00 price target on shares of Carvana and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Piper Sandler upped their price objective on shares of Carvana from $225.00 to $230.00 and gave the stock an "overweight" rating in a research report on Tuesday. DA Davidson raised their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, JMP Securities cut their price target 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. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.88.

Carvana Price Performance

Shares of Carvana stock traded up $1.80 on Friday, hitting $236.82. The company's stock had a trading volume of 2,947,267 shares, compared to its average volume of 4,064,935. The company has a market capitalization of $50.48 billion, a P/E ratio of 150.84 and a beta of 3.61. Carvana Co. has a 52-week low of $77.00 and a 52-week high of $292.84. The firm has a fifty day moving average price of $204.82 and a 200-day moving average price of $222.54. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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