Savant Capital LLC Sells 2,714 Shares of Carvana Co. (NYSE:CVNA)

Savant Capital LLC cut its holdings in Carvana Co. (NYSE:CVNA) by 50.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,686 shares of the company’s stock after selling 2,714 shares during the period. Savant Capital LLC’s holdings in Carvana were worth $546,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CVNA. CWM LLC boosted its holdings in Carvana by 207.7% in the third quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $473,000 after purchasing an additional 1,834 shares in the last quarter. nVerses Capital LLC boosted its holdings in Carvana by 33.3% in the third quarter. nVerses Capital LLC now owns 800 shares of the company’s stock worth $139,000 after purchasing an additional 200 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Carvana by 6.0% during the third quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company’s stock valued at $402,000 after acquiring an additional 130 shares during the period. Raymond James & Associates boosted its holdings in Carvana by 28.8% during the third quarter. Raymond James & Associates now owns 13,577 shares of the company’s stock valued at $2,364,000 after acquiring an additional 3,033 shares during the period. Finally, Chicago Capital LLC bought a new stake in Carvana during the third quarter valued at about $940,000. 56.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CVNA. JPMorgan Chase & Co. upped their price target on shares of Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada upgraded shares of Carvana from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $270.00 to $280.00 in a report on Tuesday, January 7th. Robert W. Baird upped their price target on shares of Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price target on shares of Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $249.29.

Carvana Stock Performance

NYSE:CVNA opened at $285.62 on Monday. Carvana Co. has a 12-month low of $48.15 and a 12-month high of $286.38. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The firm has a market capitalization of $59.30 billion, a PE ratio of 28,590.19 and a beta of 3.37. The firm has a 50-day moving average price of $232.45 and a 200 day moving average price of $204.36.

Insider Buying and Selling

In other news, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the sale, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the sale, the chief financial officer now directly owns 189,761 shares of the company’s stock, valued at approximately $48,402,338.27. The trade was a 5.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,207 shares of company stock valued at $31,110,504 over the last quarter. Corporate insiders own 17.12% of the company’s stock.

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.