Blue Trust Inc. Cuts Position in Carvana Co. (NYSE:CVNA)

Blue Trust Inc. trimmed its position in shares of Carvana Co. (NYSE:CVNA) by 71.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244 shares of the company’s stock after selling 615 shares during the period. Blue Trust Inc.’s holdings in Carvana were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in shares of Carvana during the 4th quarter worth about $28,000. ORG Wealth Partners LLC purchased a new position in shares of Carvana during the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new position in shares of Carvana during the third quarter valued at approximately $40,000. Versant Capital Management Inc bought a new position in shares of Carvana during the fourth quarter valued at approximately $42,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Carvana by 363.0% in the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock worth $44,000 after buying an additional 196 shares during the period. 56.71% of the stock is currently owned by institutional investors.

Carvana Stock Performance

Shares of CVNA stock opened at $221.08 on Wednesday. The company has a market cap of $45.90 billion, a P/E ratio of 140.81 and a beta of 3.37. The business has a 50 day moving average of $232.90 and a two-hundred day moving average of $210.02. Carvana Co. has a 52 week low of $66.97 and a 52 week high of $292.84. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Analyst Ratings Changes

CVNA has been the topic of several research analyst reports. William Blair reissued an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada lifted their price objective on Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Piper Sandler increased their target price on shares of Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC raised their target price on shares of Carvana from $330.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and an average target price of $265.06.

Insider Buying and Selling at Carvana

In related news, insider Daniel J. Gill sold 44,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the sale, the insider now directly owns 191,225 shares in the company, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark W. Jenkins sold 28,422 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at approximately $63,536,023.70. The trade was a 11.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 173,629 shares of company stock valued at $44,833,799. Corporate insiders own 17.18% 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.