Carvana Co. (NYSE:CVNA) Stock Position Raised by Durable Capital Partners LP

Durable Capital Partners LP grew its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,168,232 shares of the company's stock after purchasing an additional 129,246 shares during the quarter. Carvana makes up about 3.6% of Durable Capital Partners LP's investment portfolio, making the stock its 10th largest position. Durable Capital Partners LP owned 1.04% of Carvana worth $440,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after buying an additional 610,234 shares during the last quarter. Lingotto Investment Management LLP boosted its stake 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 acquiring an additional 57,215 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Carvana by 4.2% in 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. BNP Paribas Financial Markets raised its position in shares of Carvana by 89.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock worth $207,086,000 after purchasing an additional 481,912 shares during the last quarter. Finally, Norges Bank purchased a new position in Carvana in the fourth quarter worth about $179,364,000. 56.71% of the stock is currently owned by institutional investors.

Insider Transactions at Carvana

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the transaction, the insider now owns 153,240 shares of the company's stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Taira sold 5,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $260.00, for a total transaction of $1,300,000.00. Following the sale, the insider now directly owns 171,509 shares in the company, valued at approximately $44,592,340. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 348,560 shares of company stock valued at $73,806,520 in the last 90 days. 17.12% of the stock is currently owned by company insiders.

Carvana Trading Down 0.1 %

NYSE CVNA opened at $259.19 on Wednesday. The stock has a market cap of $55.25 billion, a P/E ratio of 165.09 and a beta of 3.61. 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 Co. has a 12-month low of $97.55 and a 12-month high of $292.84. The company has a fifty day simple moving average of $207.06 and a two-hundred day simple moving average of $225.64.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CVNA. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. JMP Securities lowered their price objective on Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research report on Wednesday, April 9th. Robert W. Baird decreased their price target on shares of Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. DA Davidson lifted their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Citigroup lowered their target price on shares of Carvana from $320.00 to $280.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Carvana currently has a consensus 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.

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