Carvana Co. (NYSE:CVNA) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of Carvana Co. (NYSE:CVNA) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,102 shares of the company’s stock after selling 4,447 shares during the quarter. American Century Companies Inc.’s holdings in Carvana were worth $5,308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVNA. Quent Capital LLC purchased a new stake in Carvana during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC boosted its stake in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of Carvana during the fourth quarter worth approximately $31,000. ORG Wealth Partners LLC acquired a new position in Carvana in the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc purchased a new position in Carvana in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler raised shares of Carvana from a “neutral” rating to an “overweight” rating in a report on Monday. Robert W. Baird dropped their price objective on shares of Carvana from $250.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday. Bank of America decreased their target price on shares of Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Citigroup upped their price target on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $340.00 price objective on shares of Carvana in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.59.

Carvana Stock Down 10.6 %

Shares of CVNA opened at $162.54 on Friday. The company’s 50-day moving average price is $223.47 and its 200 day moving average price is $218.92. Carvana Co. has a 12-month low of $67.61 and a 12-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 firm has a market cap of $34.65 billion, a P/E ratio of 103.53 and a beta of 3.61.

Carvana (NYSE:CVNA) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, sell-side analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the transaction, the chief financial officer now owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $207.32, for a total transaction of $10,366,000.00. Following the completion of the transaction, the chief operating officer now owns 128,116 shares of the company’s stock, valued at $26,561,009.12. This trade represents a 28.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 280,810 shares of company stock valued at $61,698,820 over the last quarter. 17.12% of the stock is owned by company insiders.

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.