800 Shares in Carvana Co. (NYSE:CVNA) Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt bought a new position in Carvana Co. (NYSE:CVNA - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 800 shares of the company's stock, valued at approximately $167,000.

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

Insider Buying and Selling

In related news, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction dated 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 sale, the chief operating officer now directly owns 196,278 shares in the company, valued at approximately $35,033,660.22. The trade was a 20.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark W. Jenkins sold 43,433 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $209.27, for a total value of $9,089,223.91. Following the transaction, the chief financial officer now directly owns 214,678 shares of the company's stock, valued at $44,925,665.06. The trade was a 16.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,237,270 shares of company stock valued at $360,937,653. 17.12% of the stock is owned by corporate insiders.

Carvana Price Performance

NYSE CVNA traded up $1.50 during trading hours on Wednesday, reaching $340.00. The company's stock had a trading volume of 2,079,585 shares, compared to its average volume of 3,933,854. The firm has a market capitalization of $72.81 billion, a price-to-earnings ratio of 216.56 and a beta of 3.65. The company's 50-day moving average is $263.92 and its two-hundred day moving average is $239.67. 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 1-year low of $100.05 and a 1-year high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results 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. 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 the consensus estimate of $3.94 billion. During the same period in the prior year, the company posted $0.23 EPS. The business's quarterly revenue was up 38.3% on a year-over-year basis. On average, equities analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wedbush upgraded shares of Carvana to a "hold" rating in a research note on Thursday, May 8th. Royal Bank of Canada raised their target price on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JMP Securities lowered their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $340.00 price target on shares of Carvana in a research report on Thursday, May 8th. Finally, Citigroup boosted their price objective on Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $280.35.

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.