Carvana Co. (NYSE:CVNA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Carvana Co. (NYSE:CVNA) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,624 shares of the company’s stock after selling 2,697 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Carvana were worth $1,753,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Carvana by 9.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company’s stock valued at $94,148,000 after buying an additional 39,089 shares in the last quarter. Plato Investment Management Ltd raised its position in Carvana by 135.5% during the fourth quarter. Plato Investment Management Ltd now owns 5,204 shares of the company’s stock worth $1,062,000 after acquiring an additional 2,994 shares during the period. Oak Thistle LLC lifted its holdings in Carvana by 115.9% during the fourth quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock valued at $658,000 after purchasing an additional 1,738 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Carvana by 37.7% in the 4th quarter. Bank of New York Mellon Corp now owns 478,488 shares of the company’s stock valued at $97,305,000 after buying an additional 130,942 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Carvana by 33.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock worth $77,807,000 after buying an additional 95,497 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Stock Performance

NYSE:CVNA opened at $204.40 on Friday. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a fifty day simple moving average of $227.25 and a two-hundred day simple moving average of $217.50. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a market cap of $43.57 billion, a price-to-earnings ratio of 130.19 and a beta of 3.56.

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

Insider Buying and Selling

In other news, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total transaction of $2,007,500.00. Following the sale, the chief financial officer now owns 189,097 shares of the company’s stock, valued at approximately $37,961,222.75. This trade represents a 5.02 % 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 Thomas Taira sold 27,593 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the transaction, the insider now directly owns 179,673 shares of the company’s stock, valued at $40,431,815.19. This trade represents a 13.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,377 shares of company stock worth $44,251,096 over the last 90 days. 17.12% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Robert W. Baird raised their target price on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Royal Bank of Canada boosted their price target on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. William Blair reiterated an “outperform” rating on shares of Carvana in a report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $340.00 price objective on shares of Carvana in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.53.

About Carvana

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.