Carvana Co. (NYSE:CVNA) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 401,866 shares of the company's stock after buying an additional 13,652 shares during the period. Nuveen Asset Management LLC owned approximately 0.19% of Carvana worth $81,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CVNA. Quent Capital LLC acquired a new stake in shares of Carvana during the 4th quarter worth $28,000. Global Retirement Partners LLC boosted its position in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC purchased a new stake in Carvana during the 4th quarter worth $31,000. Venturi Wealth Management LLC boosted its position 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 purchasing an additional 99 shares during the period. Finally, Transce3nd LLC purchased a new stake in Carvana during the 4th quarter worth $48,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore ISI decreased their price target on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a research report on Tuesday, March 11th. Wedbush raised shares of Carvana to a "hold" rating in a research report on Thursday, May 8th. Royal Bank of Canada upped their price target on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Piper Sandler set a $340.00 price target on shares of Carvana and gave the stock an "overweight" rating in a research report on Thursday. Finally, JMP Securities decreased their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Carvana currently has a consensus rating of "Moderate Buy" and a consensus target price of $275.65.

Insider Activity

In other news, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction dated 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 sale, the chief operating officer now owns 196,278 shares in the company, valued at approximately $35,033,660.22. This represents a 20.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Taira sold 27,593 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the sale, the insider now owns 179,673 shares in the company, valued at approximately $40,431,815.19. This trade represents a 13.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 620,313 shares of company stock worth $154,623,772. 17.12% of the stock is currently owned by corporate insiders.

Carvana Stock Up 0.9%

Shares of Carvana stock traded up $2.69 during trading on Friday, reaching $304.94. The company had a trading volume of 2,543,638 shares, compared to its average volume of 3,951,826. The company has a market cap of $65.30 billion, a price-to-earnings ratio of 194.23 and a beta of 3.61. The firm's fifty day moving average is $233.24 and its 200-day moving average is $232.66. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. Carvana Co. has a fifty-two week low of $97.55 and a fifty-two week high of $311.88.

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