MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Carvana Co. (NYSE:CVNA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,927 shares of the company's stock after acquiring an additional 2,457 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Carvana were worth $5,679,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC lifted its holdings in shares of Carvana by 3.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after acquiring an additional 51 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Carvana by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company's stock worth $483,000 after purchasing an additional 65 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock worth $87,000 after purchasing an additional 74 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Carvana by 2.1% during the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock valued at $752,000 after purchasing an additional 77 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in 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 buying an additional 78 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carvana

In other news, insider Daniel J. Gill sold 70,166 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the sale, the insider now directly owns 201,087 shares in the company, valued at approximately $56,591,914.41. This represents a 25.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernest C. Garcia III sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $303.97, for a total value of $3,039,700.00. Following the completion of the transaction, the chief executive officer now directly owns 845,000 shares in the company, valued at approximately $256,854,650. This trade represents a 1.17% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 610,313 shares of company stock valued at $151,621,372. 17.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CVNA shares. Piper Sandler raised their price objective on shares of Carvana from $225.00 to $230.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley increased their price objective on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Stephens reiterated an "overweight" rating and issued a $300.00 price target on shares of Carvana in a research note on Monday, March 3rd. Finally, William Blair restated an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $269.18.

Carvana Trading Down 3.3%

Shares of NYSE:CVNA traded down $9.96 during mid-day trading on Wednesday, hitting $292.33. The company had a trading volume of 4,015,086 shares, compared to its average volume of 3,949,809. The firm has a fifty day moving average price of $228.16 and a 200 day moving average price of $231.66. The company has a market capitalization of $62.60 billion, a PE ratio of 186.20 and a beta of 3.61. 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 one year low of $97.55 and a one year high of $311.88.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.76. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business's quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share. As a group, research 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.