Carvana Co. (NYSE:CVNA) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Carvana Co. (NYSE:CVNAFree Report) by 37.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,680 shares of the company’s stock after purchasing an additional 3,430 shares during the period. Victory Capital Management Inc.’s holdings in Carvana were worth $671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVNA. Blue Trust Inc. purchased a new stake in shares of Carvana during the 4th quarter worth about $29,000. Vanguard Group Inc. boosted its stake in shares of Carvana by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,367,976 shares of the company’s stock worth $393,268,000 after acquiring an additional 62,820 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Carvana during the 3rd quarter worth about $2,879,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Carvana by 56.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 778,561 shares of the company’s stock worth $32,684,000 after acquiring an additional 280,851 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Carvana by 2.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,669 shares of the company’s stock worth $2,947,000 after acquiring an additional 1,125 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Ernest C. Garcia II sold 60,000 shares of Carvana stock in a transaction on Monday, May 20th. The shares were sold at an average price of $118.20, for a total transaction of $7,092,000.00. Following the completion of the sale, the insider now directly owns 2,317,500 shares of the company’s stock, valued at approximately $273,928,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Ernest C. Garcia II sold 60,000 shares of Carvana stock in a transaction on Monday, May 20th. The shares were sold at an average price of $118.20, for a total transaction of $7,092,000.00. Following the completion of the sale, the insider now directly owns 2,317,500 shares of the company’s stock, valued at approximately $273,928,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul W. Breaux sold 15,000 shares of Carvana stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $79.00, for a total transaction of $1,185,000.00. Following the sale, the insider now directly owns 135,126 shares of the company’s stock, valued at $10,674,954. The disclosure for this sale can be found here. Insiders sold a total of 988,273 shares of company stock worth $104,047,240 over the last 90 days. Corporate insiders own 17.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CVNA. Wedbush increased their target price on shares of Carvana from $80.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Carvana in a research note on Thursday, May 2nd. Robert W. Baird raised their target price on shares of Carvana from $65.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Raymond James raised shares of Carvana from an “underperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Finally, TD Cowen raised their target price on shares of Carvana from $58.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.60.

Check Out Our Latest Stock Report on CVNA

Carvana Stock Down 5.0 %

NYSE:CVNA opened at $109.91 on Friday. The company has a fifty day simple moving average of $92.75 and a two-hundred day simple moving average of $64.36. The company has a market cap of $22.26 billion, a price-to-earnings ratio of 48.21 and a beta of 3.28. Carvana Co. has a 52 week low of $10.68 and a 52 week high of $129.00.

Carvana (NYSE:CVNAGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.76) by $0.35. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $2.72 billion. On average, analysts expect that Carvana Co. will post -0.96 EPS for the current year.

Carvana Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CVNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carvana Co. (NYSE:CVNAFree Report).

Institutional Ownership by Quarter for Carvana (NYSE:CVNA)

Receive News & Ratings for Carvana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carvana and related companies with MarketBeat.com's FREE daily email newsletter.