Venturi Wealth Management LLC Raises Holdings in Carvana Co. (NYSE:CVNA)

Venturi Wealth Management LLC increased its position in Carvana Co. (NYSE:CVNA) by 79.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224 shares of the company’s stock after buying an additional 99 shares during the quarter. Venturi Wealth Management LLC’s holdings in Carvana were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Eagle Asset Management Inc. purchased a new stake in shares of Carvana during the 3rd quarter worth about $50,531,000. Oak Thistle LLC grew its holdings in shares of Carvana by 115.9% during the 4th quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock worth $658,000 after purchasing an additional 1,738 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Carvana by 33.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock worth $77,807,000 after purchasing an additional 95,497 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Carvana in the 4th quarter valued at $609,000. Finally, Calamos Advisors LLC purchased a new position in shares of Carvana in the 4th quarter valued at $1,106,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the transaction, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $63,536,023.70. This represents a 11.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan S. Keeton sold 24,845 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the transaction, the insider now directly owns 151,029 shares of the company’s stock, valued at $37,440,089.10. This trade represents a 14.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 173,629 shares of company stock worth $44,833,799. 17.18% of the stock is currently owned by insiders.

Carvana Price Performance

Shares of NYSE CVNA opened at $221.08 on Wednesday. Carvana Co. has a twelve month low of $66.97 and a twelve month high of $292.84. 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 has a market capitalization of $45.90 billion, a price-to-earnings ratio of 140.81 and a beta of 3.37. The business has a 50 day simple moving average of $232.90 and a 200-day simple moving average of $210.02.

Carvana (NYSE:CVNA) last posted its quarterly earnings results 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. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. As a group, equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wedbush set a $250.00 price target on Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Bank of America upped their price target on Carvana from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. Finally, Evercore ISI upped their target price on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research note on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and a consensus price target of $265.06.

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.