Janus Henderson Group PLC Sells 40,846 Shares of Carvana Co. (NYSE:CVNA)

Janus Henderson Group PLC decreased its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 85.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,100 shares of the company's stock after selling 40,846 shares during the quarter. Janus Henderson Group PLC's holdings in Carvana were worth $1,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CVNA. Quent Capital LLC acquired a new position in shares of Carvana during the 4th quarter valued at about $28,000. Global Retirement Partners LLC grew its stake in shares of Carvana by 109.9% during 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 during the period. Rialto Wealth Management LLC acquired a new stake in shares of Carvana during the 4th quarter worth $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 worth $46,000 after buying an additional 99 shares during the period. Finally, Transce3nd LLC purchased a new stake in Carvana during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

CVNA traded up $7.72 during trading hours on Tuesday, hitting $311.83. 1,913,952 shares of the stock were exchanged, compared to its average volume of 3,950,015. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $313.10. The stock has a 50-day simple moving average of $235.81 and a 200-day simple moving average of $232.98. The stock has a market cap of $66.78 billion, a price-to-earnings ratio of 198.40 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 EPS 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 firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $3.94 billion. During the same period last year, the firm earned $0.23 EPS. The firm's revenue was up 38.3% compared to the same quarter last year. Analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CVNA. DA Davidson lifted their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. William Blair reissued an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Wells Fargo & Company lifted their target price on shares of Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Royal Bank of Canada raised their price objective on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Stephens reaffirmed an "overweight" rating and issued a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $275.65.

Insider Activity

In related news, insider Thomas Taira sold 27,593 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the sale, the insider now directly owns 179,673 shares in the company, valued at approximately $40,431,815.19. The trade was a 13.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan S. Keeton sold 13,137 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $300.00, for a total value of $3,941,100.00. Following the completion of the sale, the insider now directly owns 148,402 shares in the company, valued at approximately $44,520,600. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 620,313 shares of company stock worth $154,623,772 over the last 90 days. 17.12% of the stock is owned by company 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.