Carvana Co. (NYSE:CVNA) Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 19.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,832 shares of the company's stock after buying an additional 19,752 shares during the period. Carvana makes up approximately 0.5% of Jump Financial LLC's investment portfolio, making the stock its 17th biggest holding. Jump Financial LLC owned 0.06% of Carvana worth $25,182,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in Carvana during the fourth quarter valued at $28,000. Global Retirement Partners LLC increased its holdings 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 purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Carvana in the fourth quarter worth about $31,000. ORG Wealth Partners LLC purchased a new position in Carvana during the fourth quarter worth approximately $34,000. Finally, Versant Capital Management Inc purchased a new position in shares of Carvana during the 4th quarter valued at approximately $42,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 10,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the completion of the transaction, the chief financial officer now owns 219,962 shares in the company, valued at approximately $55,016,895.44. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the sale, the insider now owns 153,240 shares in the company, valued at $41,387,059.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 330,810 shares of company stock worth $69,243,820 over the last quarter. 17.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on CVNA shares. William Blair reiterated an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. JMP Securities decreased their price objective 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. Evercore ISI cut their target price on Carvana from $250.00 to $240.00 and set an "in-line" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler raised shares of Carvana from a "neutral" rating to an "overweight" rating in a research report on Monday, March 31st. Finally, Bank of America cut their price target on Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Carvana presently has a consensus rating of "Moderate Buy" and a consensus price target of $253.59.

Carvana Stock Up 0.8 %

Shares of CVNA traded up $1.73 during trading on Friday, reaching $211.03. The company's stock had a trading volume of 2,437,083 shares, compared to its average volume of 4,058,883. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. 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 company has a market cap of $44.99 billion, a price-to-earnings ratio of 134.42 and a beta of 3.61. The company has a fifty day moving average of $210.77 and a two-hundred day moving average of $221.50.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.27. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal 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.