US Bancorp DE Has $1.22 Million Stake in Carvana Co. (NYSE:CVNA)

US Bancorp DE decreased its stake in shares of Carvana Co. (NYSE:CVNA) by 41.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,007 shares of the company’s stock after selling 4,335 shares during the period. US Bancorp DE’s holdings in Carvana were worth $1,222,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CVNA. FMR LLC grew its holdings in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after buying an additional 5,882,656 shares during the last quarter. Lingotto Investment Management LLP lifted its position in shares of Carvana by 1.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock worth $810,827,000 after acquiring an additional 57,215 shares during the period. State Street Corp lifted its position in shares of Carvana by 6.1% in the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company’s stock worth $326,893,000 after acquiring an additional 107,610 shares during the period. Geode Capital Management LLC lifted its position in shares of Carvana by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock worth $315,133,000 after acquiring an additional 131,059 shares during the period. Finally, Whale Rock Capital Management LLC bought a new stake in shares of Carvana in the 3rd quarter worth approximately $162,953,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analysts Set New Price Targets

CVNA has been the subject of a number of research reports. Bank of America raised their price objective on Carvana from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday. William Blair restated an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. JMP Securities restated a “market outperform” rating and set a $320.00 target price on shares of Carvana in a research report on Monday, December 16th. Finally, Wells Fargo & Company cut their target price on Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.94.

Insider Activity

In other news, CFO Mark W. Jenkins sold 20,000 shares of Carvana stock in a transaction on Friday, February 14th. The stock was sold at an average price of $275.68, for a total value of $5,513,600.00. Following the completion of the sale, the chief financial officer now directly owns 199,962 shares of the company’s stock, valued at approximately $55,125,524.16. This trade represents a 9.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ira J. Platt sold 25,000 shares of Carvana stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $244.30, for a total value of $6,107,500.00. Following the completion of the sale, the director now directly owns 5,227 shares of the company’s stock, valued at $1,276,956.10. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,629 shares of company stock valued at $30,866,419. Company insiders own 17.18% of the company’s stock.

Carvana Trading Up 0.7 %

CVNA stock opened at $188.19 on Friday. The business has a fifty day moving average price of $231.41 and a 200 day moving average price of $213.28. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84. The stock has a market capitalization of $40.11 billion, a price-to-earnings ratio of 119.86 and a beta of 3.56. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Carvana Company 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.