1,400 Shares in Carvana Co. (NYSE:CVNA) Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. bought a new stake in shares of Carvana Co. (NYSE:CVNA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,400 shares of the company’s stock, valued at approximately $244,000.

Other large investors have also modified their holdings of the company. Alpha DNA Investment Management LLC purchased a new position in Carvana during the third quarter valued at approximately $891,000. Larson Financial Group LLC purchased a new position in shares of Carvana in the 3rd quarter valued at $217,000. Cerity Partners LLC raised its position in shares of Carvana by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 4,215 shares of the company’s stock worth $734,000 after acquiring an additional 2,234 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Carvana during the 3rd quarter worth $50,531,000. Finally, Intech Investment Management LLC bought a new stake in Carvana during the third quarter valued at about $2,496,000. Institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In other Carvana news, Director Gregory B. Sullivan sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $235.00, for a total transaction of $1,175,000.00. Following the transaction, the director now owns 53,407 shares in the company, valued at approximately $12,550,645. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Benjamin E. Huston sold 3,043 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $240.00, for a total value of $730,320.00. Following the completion of the sale, the chief operating officer now owns 218,686 shares of the company’s stock, valued at $52,484,640. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,118,063 shares of company stock valued at $389,949,579 in the last 90 days. 17.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America increased their price target on shares of Carvana from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Piper Sandler increased their target price on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley raised Carvana from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $110.00 to $260.00 in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Carvana from $230.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC boosted their target price on Carvana from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $217.71.

Carvana Trading Up 2.1 %

NYSE CVNA opened at $260.42 on Monday. The company has a fifty day moving average of $213.39 and a 200 day moving average of $159.35. The company has a market capitalization of $54.07 billion, a PE ratio of 26,068.07 and a beta of 3.37. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12. Carvana Co. has a 1 year low of $29.84 and a 1 year high of $268.34.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.47 billion. The firm’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Research analysts forecast that Carvana Co. will post 0.76 earnings per share for the current 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.