Diversified Trust Co Purchases 2,678 Shares of Carvana Co. (NYSE:CVNA)

Diversified Trust Co grew its position in Carvana Co. (NYSE:CVNA) by 123.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,848 shares of the company’s stock after acquiring an additional 2,678 shares during the quarter. Diversified Trust Co’s holdings in Carvana were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CVNA. FMR LLC increased its position in shares of Carvana by 90.8% during the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Carvana during the 3rd quarter valued at approximately $162,953,000. Sylebra Capital LLC bought a new position in shares of Carvana during the 2nd quarter valued at approximately $67,686,000. Lord Abbett & CO. LLC increased its position in shares of Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock valued at $93,754,000 after purchasing an additional 503,824 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in shares of Carvana during the 2nd quarter valued at approximately $63,767,000. Institutional investors own 56.71% of the company’s stock.

Carvana Price Performance

Shares of CVNA stock opened at $197.00 on Friday. Carvana Co. has a 1-year low of $40.21 and a 1-year high of $268.34. The stock’s 50-day moving average is $234.92 and its 200 day moving average is $182.79. The company has a market cap of $40.90 billion, a P/E ratio of 19,719.72 and a beta of 3.38. The company has a debt-to-equity ratio of 18.99, a current ratio of 3.25 and a quick ratio of 2.12.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $0.23 EPS. Carvana’s revenue for the quarter was up 31.8% compared to the same quarter last year. Research analysts predict that Carvana Co. will post 0.76 earnings per share for the current fiscal year.

Insider Activity at Carvana

In other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $193.06, for a total value of $19,306,000.00. Following the completion of the sale, the insider now directly owns 38,058,131 shares in the company, valued at approximately $7,347,502,770.86. This trade represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 3,043 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $240.00, for a total value of $730,320.00. Following the completion of the sale, the chief operating officer now owns 218,686 shares of the company’s stock, valued at approximately $52,484,640. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 951,908 shares of company stock valued at $199,569,285 over the last quarter. 17.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CVNA has been the topic of several analyst reports. Wells Fargo & Company cut their target price on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Carvana from $230.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Stephens restated an “overweight” rating and set a $300.00 price objective on shares of Carvana in a report on Thursday, January 2nd. Robert W. Baird boosted their price objective on Carvana from $160.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, JMP Securities restated a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a report on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.94.

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.