Blair William & Co. IL Decreases Position in Carvana Co. (NYSE:CVNA)

Blair William & Co. IL cut its position in Carvana Co. (NYSE:CVNA) by 6.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,266 shares of the company’s stock after selling 1,920 shares during the period. Blair William & Co. IL’s holdings in Carvana were worth $3,510,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in Carvana in the second quarter worth about $32,000. Parallel Advisors LLC raised its holdings in shares of Carvana by 39.0% during the fourth quarter. Parallel Advisors LLC now owns 692 shares of the company’s stock valued at $37,000 after purchasing an additional 194 shares during the last quarter. Summit Securities Group LLC raised its holdings in shares of Carvana by 110.0% during the second quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 3,300 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Carvana by 450.8% during the second quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after purchasing an additional 275 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in shares of Carvana during the first quarter valued at approximately $55,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carvana

In related news, major shareholder Ernest C. Garcia II sold 9,186 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $156.95, for a total transaction of $1,441,742.70. Following the completion of the transaction, the insider now directly owns 41,433,131 shares of the company’s stock, valued at $6,502,929,910.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Ernest C. Garcia II sold 9,186 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $156.95, for a total transaction of $1,441,742.70. Following the completion of the transaction, the insider now directly owns 41,433,131 shares of the company’s stock, valued at $6,502,929,910.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark W. Jenkins sold 55,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $124.08, for a total transaction of $6,824,400.00. Following the transaction, the chief financial officer now directly owns 186,580 shares of the company’s stock, valued at $23,150,846.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,436,866 shares of company stock valued at $337,137,684. Corporate insiders own 17.12% of the company’s stock.

Carvana Stock Performance

Shares of NYSE CVNA opened at $173.85 on Monday. The firm has a fifty day moving average price of $143.11 and a 200-day moving average price of $115.60. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02. The stock has a market cap of $35.22 billion, a PE ratio of 76.25 and a beta of 3.43. Carvana Co. has a 1 year low of $25.09 and a 1 year high of $176.33.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Equities analysts anticipate that Carvana Co. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CVNA shares. Bank of America reissued a “buy” rating and set a $185.00 price objective on shares of Carvana in a report on Tuesday, September 17th. Wells Fargo & Company raised shares of Carvana from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $77.00 to $175.00 in a report on Thursday, August 1st. Robert W. Baird started coverage on shares of Carvana in a report on Thursday, August 1st. They set a “neutral” rating and a $160.00 price objective for the company. Evercore ISI boosted their price objective on shares of Carvana from $142.00 to $157.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Wedbush upgraded shares of Carvana to a “neutral” rating and boosted their target price for the company from $120.00 to $150.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $153.88.

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.