Carvana Co. (NYSE:CVNA) Shares Purchased by Centiva Capital LP

Centiva Capital LP boosted its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 159.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,265 shares of the company's stock after acquiring an additional 5,075 shares during the period. Centiva Capital LP's holdings in Carvana were worth $1,681,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quent Capital LLC purchased a new stake in shares of Carvana in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC grew its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of Carvana in the 4th quarter worth $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana during the 4th quarter worth $34,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock valued at $46,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CVNA shares. JPMorgan Chase & Co. cut their price objective on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Morgan Stanley raised shares of Carvana from an "underweight" rating to an "overweight" rating in a research report on Monday, March 31st. Piper Sandler increased their price objective on Carvana from $225.00 to $230.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Wedbush upgraded Carvana to a "hold" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Carvana has a consensus rating of "Moderate Buy" and a consensus price target of $268.59.

Carvana Stock Down 6.0 %

CVNA stock traded down $17.26 during midday trading on Friday, hitting $268.27. The company's stock had a trading volume of 8,144,599 shares, compared to its average volume of 3,918,428. The firm has a 50-day simple moving average of $209.94 and a 200-day simple moving average of $227.21. The firm has a market capitalization of $57.19 billion, a P/E ratio of 170.87 and a beta of 3.61. 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 Co. has a 52-week low of $97.55 and a 52-week high of $293.62.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.75 by $0.76. The firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Carvana's revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. As a group, equities analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Insider Activity at Carvana

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the sale, the insider now directly owns 153,240 shares of the company's stock, valued at $41,387,059.20. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark W. Jenkins sold 20,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $275.68, for a total value of $5,513,600.00. Following the completion of the transaction, the chief financial officer now owns 199,962 shares in the company, valued at approximately $55,125,524.16. The trade was a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 348,560 shares of company stock valued at $73,806,520 over the last 90 days. 17.12% of the stock is owned by corporate insiders.

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.