39,439 Shares in Carvana Co. (NYSE:CVNA) Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. acquired a new position in Carvana Co. (NYSE:CVNA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,439 shares of the company’s stock, valued at approximately $8,483,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. purchased a new position in shares of Carvana during the third quarter worth approximately $50,531,000. Oak Thistle LLC increased its position in shares of Carvana by 115.9% during the fourth quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock worth $658,000 after acquiring an additional 1,738 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Carvana by 33.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock worth $77,807,000 after acquiring an additional 95,497 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Carvana during the fourth quarter valued at approximately $609,000. Finally, Calamos Advisors LLC bought a new position in shares of Carvana during the fourth quarter valued at approximately $1,106,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $255.07, for a total transaction of $2,550,700.00. Following the completion of the sale, the chief financial officer now owns 189,761 shares of the company’s stock, valued at approximately $48,402,338.27. This represents a 5.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul W. Breaux sold 1,362 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,207 shares of company stock worth $31,110,504 in the last 90 days. Insiders own 17.12% of the company’s stock.

Carvana Stock Up 4.9 %

CVNA opened at $285.62 on Tuesday. Carvana Co. has a fifty-two week low of $48.15 and a fifty-two week high of $286.38. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The company has a fifty day moving average of $233.28 and a two-hundred day moving average of $205.34. The stock has a market capitalization of $59.30 billion, a price-to-earnings ratio of 28,590.19 and a beta of 3.37.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Stephens restated an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research note on Thursday, February 6th. JMP Securities restated a “market outperform” rating and issued a $320.00 target price on shares of Carvana in a research note on Monday, December 16th. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. Finally, Robert W. Baird raised their target price on shares of Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.29.

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.