Lido Advisors LLC Has $942,000 Holdings in Carvana Co. (NYSE:CVNA)

Lido Advisors LLC raised its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 137.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,632 shares of the company's stock after purchasing an additional 2,681 shares during the period. Lido Advisors LLC's holdings in Carvana were worth $942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVNA. Charles Schwab Investment Management Inc. boosted its holdings in Carvana by 9.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company's stock worth $94,148,000 after purchasing an additional 39,089 shares during the last quarter. Plato Investment Management Ltd boosted its stake in shares of Carvana by 135.5% in the 4th quarter. Plato Investment Management Ltd now owns 5,204 shares of the company's stock worth $1,062,000 after buying an additional 2,994 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Carvana by 37.7% in the 4th quarter. Bank of New York Mellon Corp now owns 478,488 shares of the company's stock worth $97,305,000 after buying an additional 130,942 shares during the last quarter. Oak Thistle LLC grew its holdings in shares of Carvana by 115.9% in the fourth quarter. Oak Thistle LLC now owns 3,238 shares of the company's stock valued at $658,000 after acquiring an additional 1,738 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Carvana by 33.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company's stock valued at $77,807,000 after acquiring an additional 95,497 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 28,422 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the transaction, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $63,536,023.70. The trade was a 11.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the completion of the sale, the chief operating officer now directly owns 123,803 shares in the company, valued at $18,681,872.70. This represents a 28.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 330,810 shares of company stock worth $69,243,820 over the last ninety days. 17.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CVNA shares. Wedbush set a $250.00 target price on Carvana and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Evercore ISI decreased their price objective on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. JMP Securities dropped their target price on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler raised their price target on shares of Carvana from $225.00 to $230.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird lowered their price target on shares of Carvana from $250.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $254.76.

Carvana Price Performance

CVNA stock opened at $257.19 on Friday. The firm has a 50 day moving average of $205.81 and a 200-day moving average of $224.70. The firm has a market capitalization of $54.82 billion, a P/E ratio of 163.82 and a beta of 3.61. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $292.84. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. The firm had revenue of $3.55 billion during 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%. As a group, sell-side analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal 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.

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