Nebula Research & Development LLC Sells 11,909 Shares of Carvana Co. (NYSE:CVNA)

Nebula Research & Development LLC trimmed its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 83.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,413 shares of the company's stock after selling 11,909 shares during the quarter. Nebula Research & Development LLC's holdings in Carvana were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Carvana Trading Up 2.1 %

Shares of CVNA traded up $5.32 during mid-day trading on Friday, hitting $257.19. 2,196,445 shares of the company's stock traded hands, compared to its average volume of 3,911,607. The business's 50-day moving average price is $205.81 and its 200-day moving average price is $224.49. Carvana Co. has a 1 year low of $97.55 and a 1 year high of $292.84. The firm has a market capitalization of $54.82 billion, a P/E ratio of 163.82 and a beta of 3.61. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on CVNA. Citigroup lowered their target price on shares of Carvana from $320.00 to $280.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on Carvana from $310.00 to $290.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Bank of America cut their price target on shares of Carvana from $270.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. lowered their price objective on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Needham & Company LLC reissued a "buy" rating and set a $340.00 target price on shares of Carvana in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.76.

Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 43,433 shares of Carvana 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 completion of the sale, the chief financial officer now owns 214,678 shares of the company's stock, valued at approximately $44,925,665.06. The trade was a 16.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $150.90, for a total value of $7,545,000.00. Following the completion of the transaction, the chief operating officer now directly owns 123,803 shares in the company, valued at approximately $18,681,872.70. This represents a 28.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 330,810 shares of company stock valued at $69,243,820 in the last three months. 17.12% of the stock is currently 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.