Carvana Co. (NYSE:CVNA) Stock Position Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 85.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,100 shares of the company's stock after selling 40,846 shares during the period. Janus Henderson Group PLC's holdings in Carvana were worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Flight Deck Capital LP acquired a new position in Carvana in the fourth quarter worth $6,345,000. Eisler Capital Management Ltd. acquired a new position in shares of Carvana in the 4th quarter valued at about $3,165,000. Ensign Peak Advisors Inc grew its position in shares of Carvana by 32.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 41,230 shares of the company's stock valued at $8,385,000 after buying an additional 10,212 shares during the last quarter. Ethic Inc. grew its position in shares of Carvana by 146.9% during the 4th quarter. Ethic Inc. now owns 7,033 shares of the company's stock valued at $1,430,000 after buying an additional 4,184 shares during the last quarter. Finally, Fred Alger Management LLC acquired a new stake in Carvana during the fourth quarter worth about $2,807,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Carvana Price Performance

CVNA traded up $4.46 during trading on Wednesday, reaching $317.37. The stock had a trading volume of 775,886 shares, compared to its average volume of 3,942,079. The stock has a 50 day moving average of $238.36 and a two-hundred day moving average of $233.54. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $67.96 billion, a price-to-earnings ratio of 202.65 and a beta of 3.61. Carvana Co. has a 1-year low of $97.55 and a 1-year high of $320.16.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.23 earnings per share. The company's revenue was up 38.3% on a year-over-year basis. As a group, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 43,433 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $209.27, for a total transaction of $9,089,223.91. Following the completion of the sale, the chief financial officer now directly owns 214,678 shares of the company's stock, valued at $44,925,665.06. This trade represents a 16.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction on Friday, March 14th. The stock was sold at an average price of $178.49, for a total value of $8,924,500.00. Following the completion of the transaction, the chief operating officer now owns 196,278 shares in the company, valued at $35,033,660.22. The trade was a 20.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 620,313 shares of company stock worth $154,623,772. 17.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CVNA. Wells Fargo & Company upped their target price on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Wedbush upgraded Carvana to a "hold" rating in a research note on Thursday, May 8th. DA Davidson increased their target price on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Citigroup boosted their price target on shares of Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $340.00 price target on shares of Carvana in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $275.65.

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.