Carvana Co. (NYSE:CVNA) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,933 shares of the company's stock after selling 1,810 shares during the period. Tidal Investments LLC's holdings in Carvana were worth $2,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVNA. Quent Capital LLC acquired a new position in shares of Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC raised its holdings in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in Carvana in the fourth quarter valued at $31,000. Venturi Wealth Management LLC grew its holdings in Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock worth $46,000 after acquiring an additional 99 shares in the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Carvana in the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insiders Place Their Bets

In other news, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the sale, the chief operating officer now directly owns 196,278 shares of the company's stock, valued at approximately $35,033,660.22. This represents a 20.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ernest C. Garcia III sold 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $300.62, for a total transaction of $3,006,200.00. Following the completion of the transaction, the chief executive officer now owns 830,000 shares of the company's stock, valued at $249,514,600. This trade represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 610,313 shares of company stock worth $151,621,372. 17.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $340.00 price objective on shares of Carvana in a research note on Thursday, May 8th. Wells Fargo & Company lifted their price objective on shares of Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Evercore ISI dropped their target price on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a report on Tuesday, March 11th. Finally, DA Davidson lifted their price target on shares of Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.65.

Carvana Price Performance

NYSE CVNA opened at $301.91 on Friday. The company has a 50-day moving average price of $230.47 and a two-hundred day moving average price of $232.18. The stock has a market cap of $64.65 billion, a price-to-earnings ratio of 192.30 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 52 week low of $97.55 and a 52 week high of $311.88.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the prior year, the company posted $0.23 EPS. The business's revenue for the quarter was up 38.3% compared to the same quarter last year. Analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

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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