Jones Financial Companies Lllp Increases Stock Position in Carvana Co. (NYSE:CVNA)

Jones Financial Companies Lllp lifted its holdings in shares of Carvana Co. (NYSE:CVNA) by 265.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,697 shares of the company’s stock after purchasing an additional 1,233 shares during the period. Jones Financial Companies Lllp’s holdings in Carvana were worth $345,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in Carvana during the fourth quarter worth $28,000. Global Retirement Partners LLC increased its position in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Carvana during the 4th quarter worth about $34,000. Versant Capital Management Inc purchased a new position in Carvana in the 4th quarter valued at about $42,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Carvana by 363.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock worth $44,000 after purchasing an additional 196 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on CVNA shares. Stephens reissued an “overweight” rating and set a $300.00 price objective on shares of Carvana in a research note on Monday, March 3rd. Evercore ISI reduced their price target on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research note on Tuesday. Citigroup lifted their price objective on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Wedbush set a $250.00 target price on Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $340.00 price target on shares of Carvana in a report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and a consensus target price of $265.65.

Carvana Price Performance

CVNA opened at $172.43 on Wednesday. The company has a 50 day moving average of $230.01 and a two-hundred day moving average of $213.89. Carvana Co. has a 52-week low of $67.61 and a 52-week high of $292.84. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a market cap of $36.76 billion, a P/E ratio of 109.83 and a beta of 3.56.

Carvana (NYSE:CVNA) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. On average, analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Activity at Carvana

In related news, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the transaction, the chief financial officer now owns 189,097 shares in the company, valued at approximately $37,961,222.75. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan S. Keeton sold 24,845 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the sale, the insider now owns 151,029 shares of the company’s stock, valued at approximately $37,440,089.10. This trade represents a 14.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,629 shares of company stock worth $24,758,919. 17.12% of the stock is currently owned by company insiders.

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.