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

Thrivent Financial for Lutherans lowered its position in Carvana Co. (NYSE:CVNA) by 55.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,321 shares of the company’s stock after selling 14,077 shares during the period. Thrivent Financial for Lutherans’ holdings in Carvana were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in Carvana by 21.2% in the first quarter. Lazard Asset Management LLC now owns 1,866 shares of the company’s stock valued at $163,000 after purchasing an additional 326 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Carvana by 1.3% during the 1st quarter. California State Teachers Retirement System now owns 97,707 shares of the company’s stock valued at $8,589,000 after buying an additional 1,221 shares in the last quarter. Tidal Investments LLC acquired a new stake in Carvana in the 1st quarter valued at $1,783,000. Plato Investment Management Ltd acquired a new position in Carvana during the first quarter worth $55,000. Finally, Cetera Investment Advisers grew its position in shares of Carvana by 171.7% in the first quarter. Cetera Investment Advisers now owns 20,862 shares of the company’s stock valued at $1,834,000 after purchasing an additional 13,185 shares during the period. 56.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CVNA shares. DA Davidson raised their price target on shares of Carvana from $110.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Evercore ISI raised their target price on Carvana from $186.00 to $190.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Citigroup boosted their price target on Carvana from $125.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Royal Bank of Canada raised Carvana to a “sector perform” rating and increased their price objective for the company from $166.00 to $170.00 in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Carvana from $230.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $217.71.

Insiders Place Their Bets

In other Carvana news, COO Benjamin E. Huston sold 3,043 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $240.00, for a total value of $730,320.00. Following the sale, the chief operating officer now directly owns 218,686 shares of the company’s stock, valued at approximately $52,484,640. This represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark W. Jenkins sold 208,495 shares of Carvana stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.43, for a total transaction of $46,792,532.85. Following the sale, the chief financial officer now directly owns 90,732 shares of the company’s stock, valued at approximately $20,362,982.76. This trade represents a 69.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,118,063 shares of company stock worth $389,949,579 in the last quarter. 17.12% of the stock is owned by company insiders.

Carvana Trading Down 0.4 %

NYSE CVNA opened at $254.97 on Friday. Carvana Co. has a one year low of $29.84 and a one year high of $268.34. The firm has a 50 day simple moving average of $209.98 and a 200-day simple moving average of $157.41. The firm has a market cap of $52.94 billion, a price-to-earnings ratio of 25,497.00 and a beta of 3.37. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.47 billion. The business’s revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. Equities research analysts anticipate that Carvana Co. will post 0.76 EPS for the current fiscal 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.