Toronto Dominion Bank Takes $3.12 Million Position in Carvana Co. (NYSE:CVNA)

Toronto Dominion Bank acquired a new position in Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,361 shares of the company's stock, valued at approximately $3,124,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CVNA. Quent Capital LLC acquired a new stake in shares of Carvana during the 4th quarter worth $28,000. Global Retirement Partners LLC grew its stake in 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 bought a new position in Carvana in the 4th quarter valued at about $31,000. Venturi Wealth Management LLC raised its position in shares of Carvana by 79.2% in the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock valued at $46,000 after buying an additional 99 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Carvana during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JMP Securities decreased their price objective on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI lowered their price target on Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. Robert W. Baird upped their price objective on Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Stephens reiterated an "overweight" rating and issued a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. Finally, DA Davidson boosted their target price on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $275.65.

Carvana Trading Up 1.2%

NYSE CVNA traded up $3.83 on Monday, hitting $330.99. The company's stock had a trading volume of 3,633,793 shares, compared to its average volume of 3,956,952. The company's 50-day moving average is $245.17 and its 200 day moving average is $235.09. The firm has a market cap of $70.88 billion, a PE ratio of 210.82 and a beta of 3.61. Carvana Co. has a 1-year low of $97.55 and a 1-year high of $332.25. 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.76. The company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Carvana's revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. As a group, analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Carvana

In other news, insider Thomas Taira sold 27,593 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value 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 represents a 13.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul W. Breaux sold 20,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $323.00, for a total transaction of $6,460,000.00. Following the completion of the transaction, the insider now owns 149,114 shares in the company, valued at approximately $48,163,822. The trade was a 11.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 702,813 shares of company stock worth $180,971,479. Insiders own 17.12% of the company's stock.

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.