OMERS ADMINISTRATION Corp Sells 9,000 Shares of Carvana Co. (NYSE:CVNA)

OMERS ADMINISTRATION Corp lessened its holdings in shares of Carvana Co. (NYSE:CVNA - Free Report) by 61.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,700 shares of the company's stock after selling 9,000 shares during the period. OMERS ADMINISTRATION Corp's holdings in Carvana were worth $1,159,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC bought a new position in Carvana in the fourth quarter valued at about $28,000. Global Retirement Partners LLC boosted its holdings in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC bought a new position in Carvana in the fourth quarter valued at about $31,000. Venturi Wealth Management LLC boosted its holdings 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 acquiring an additional 99 shares during the last quarter. Finally, Transce3nd LLC bought a new position in Carvana in the fourth quarter valued at about $48,000. Institutional investors own 56.71% of the company's stock.

Carvana Stock Down 1.1%

Shares of NYSE:CVNA traded down $3.34 during mid-day trading on Tuesday, reaching $301.87. 3,931,139 shares of the stock were exchanged, compared to its average volume of 3,936,934. 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 $64.64 billion, a P/E ratio of 192.27 and a beta of 3.61. Carvana Co. has a one year low of $97.55 and a one year high of $311.88. The stock's 50 day simple moving average is $223.22 and its 200-day simple moving average is $230.75.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. The business had revenue of $4.23 billion during 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%. Carvana's quarterly revenue was up 38.3% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. As a group, equities research analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Buying and Selling at Carvana

In other news, insider Thomas Taira sold 27,593 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the sale, the insider now directly owns 179,673 shares of the company's stock, valued at $40,431,815.19. This trade represents a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ryan S. Keeton sold 13,137 shares of Carvana stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $300.00, for a total value of $3,941,100.00. Following the transaction, the insider now owns 148,402 shares of the company's stock, valued at $44,520,600. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 590,313 shares of company stock worth $145,613,672 over the last ninety days. 17.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JMP Securities cut their target price on Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. DA Davidson increased their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, Wedbush raised Carvana to a "hold" rating in a research note on Thursday, May 8th. Six equities 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 has a consensus rating of "Moderate Buy" and an average target price of $269.18.

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.