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

Sanctuary Advisors LLC lowered its holdings in Carvana Co. (NYSE:CVNA) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,467 shares of the company’s stock after selling 323 shares during the period. Sanctuary Advisors LLC’s holdings in Carvana were worth $298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its stake in shares of Carvana by 7.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 42,052 shares of the company’s stock valued at $8,552,000 after purchasing an additional 2,771 shares during the period. Allworth Financial LP boosted its stake in shares of Carvana by 30.0% in the fourth quarter. Allworth Financial LP now owns 511 shares of the company’s stock valued at $104,000 after purchasing an additional 118 shares during the period. Principal Securities Inc. boosted its stake in shares of Carvana by 50.0% in the fourth quarter. Principal Securities Inc. now owns 366 shares of the company’s stock valued at $74,000 after purchasing an additional 122 shares during the period. Rhumbline Advisers boosted its stake in shares of Carvana by 15.3% in the fourth quarter. Rhumbline Advisers now owns 197,616 shares of the company’s stock valued at $40,187,000 after purchasing an additional 26,222 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Carvana in the fourth quarter valued at $8,483,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CVNA. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup increased their price objective on shares of Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. Finally, DA Davidson increased their price objective on shares of Carvana from $220.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $265.06.

Carvana Stock Down 1.8 %

Shares of NYSE:CVNA opened at $215.45 on Wednesday. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84. The company’s fifty day moving average is $232.84 and its two-hundred day moving average is $212.80. The stock has a market capitalization of $44.73 billion, a price-to-earnings ratio of 137.23 and a beta of 3.37.

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

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 28,422 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the transaction, the chief financial officer now owns 219,962 shares of the company’s stock, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ira J. Platt sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $244.30, for a total transaction of $6,107,500.00. Following the transaction, the director now directly owns 5,227 shares in the company, valued at approximately $1,276,956.10. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,629 shares of company stock valued at $30,866,419 in the last quarter. Company insiders own 17.12% of the company’s stock.

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.