Carvana Co. (NYSE:CVNA) Shares Sold by True North Advisors LLC

True North Advisors LLC reduced its holdings in shares of Carvana Co. (NYSE:CVNA) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,172 shares of the company’s stock after selling 153 shares during the period. True North Advisors LLC’s holdings in Carvana were worth $378,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Carvana by 2.7% during the first quarter. Vanguard Group Inc. now owns 10,290,551 shares of the company’s stock worth $904,642,000 after buying an additional 266,972 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Carvana by 39.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after acquiring an additional 2,112,463 shares during the period. Lingotto Investment Management LLP increased its stake in Carvana by 1.4% in the 2nd quarter. Lingotto Investment Management LLP now owns 3,776,747 shares of the company’s stock valued at $486,143,000 after purchasing an additional 52,833 shares in the last quarter. Goodnow Investment Group LLC raised its stake in shares of Carvana by 1.6% during the 4th quarter. Goodnow Investment Group LLC now owns 1,464,528 shares of the company’s stock worth $77,532,000 after buying an additional 23,140 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Carvana by 12.2% during the second quarter. Renaissance Technologies LLC now owns 813,400 shares of the company’s stock valued at $104,701,000 after acquiring an additional 88,500 shares during the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Ernest C. Garcia II sold 75,000 shares of Carvana stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $141.32, for a total value of $10,599,000.00. Following the transaction, the insider now owns 2,465,814 shares of the company’s stock, valued at approximately $348,468,834.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Paul W. Breaux sold 15,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the sale, the insider now owns 114,124 shares in the company, valued at $16,547,980. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ernest C. Garcia II sold 75,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $141.32, for a total transaction of $10,599,000.00. Following the completion of the sale, the insider now directly owns 2,465,814 shares of the company’s stock, valued at $348,468,834.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,586,866 shares of company stock valued at $389,372,534 over the last three months. Insiders own 17.12% of the company’s stock.

Analysts Set New Price Targets

CVNA has been the subject of several research analyst reports. Robert W. Baird began coverage on shares of Carvana in a research report on Thursday, August 1st. They set a “neutral” rating and a $160.00 price target for the company. Needham & Company LLC upped their price objective on Carvana from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BTIG Research lifted their target price on Carvana from $155.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Evercore ISI restated an “in-line” rating and set a $178.00 price target on shares of Carvana in a research note on Thursday, September 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price objective on shares of Carvana in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.72.

Carvana Trading Up 0.7 %

Shares of CVNA stock opened at $192.30 on Wednesday. The firm has a market capitalization of $38.95 billion, a PE ratio of 83.75 and a beta of 3.44. The company has a debt-to-equity ratio of 47.20, a quick ratio of 2.02 and a current ratio of 3.11. Carvana Co. has a 1 year low of $25.09 and a 1 year high of $192.30. The stock has a fifty day moving average of $153.92 and a two-hundred day moving average of $123.62.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.14 EPS for the quarter. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.23 billion. As a group, research analysts expect that Carvana Co. will post 0.27 EPS for the current year.

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.