Carvana Co. (NYSE:CVNA) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 31.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,737 shares of the company's stock after selling 1,697 shares during the quarter. Stifel Financial Corp's holdings in Carvana were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CVNA. Vanguard Group Inc. lifted its position in shares of Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after buying an additional 610,234 shares in the last quarter. Lingotto Investment Management LLP lifted its position in shares of Carvana by 1.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company's stock valued at $810,827,000 after buying an additional 57,215 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Carvana by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock valued at $381,592,000 after buying an additional 75,250 shares in the last quarter. Norges Bank purchased a new position in shares of Carvana during the 4th quarter valued at about $179,364,000. Finally, First Trust Advisors LP lifted its position in shares of Carvana by 4.0% during the 4th quarter. First Trust Advisors LP now owns 593,636 shares of the company's stock valued at $120,722,000 after buying an additional 22,640 shares in the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carvana

In other news, insider Thomas Taira sold 27,593 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were 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 owns 179,673 shares in the company, valued at approximately $40,431,815.19. The trade was a 13.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Maroone sold 9,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $273.44, for a total value of $2,460,960.00. Following the transaction, the director now directly owns 143,504 shares in the company, valued at $39,239,733.76. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 441,353 shares of company stock worth $99,768,424 in the last quarter. 17.12% of the stock is owned by company insiders.

Carvana Trading Up 4.2%

Shares of NYSE CVNA traded up $11.32 during trading hours on Monday, hitting $279.44. 4,087,114 shares of the company traded hands, compared to its average volume of 3,919,130. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 177.99 and a beta of 3.61. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company's 50 day moving average price is $211.21 and its 200 day moving average price is $227.94. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $293.62.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating 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 company's revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI lowered their price objective 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. Wedbush raised Carvana to a "hold" rating in a report on Thursday. Royal Bank of Canada boosted their price target on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $340.00 price target on shares of Carvana in a report on Thursday. Finally, DA Davidson boosted their price target on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $268.59.

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.