Carvana Co. (NYSE:CVNA) Position Cut by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Carvana Co. (NYSE:CVNA) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,142 shares of the company’s stock after selling 80 shares during the period. Amalgamated Bank’s holdings in Carvana were worth $1,249,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Bleakley Financial Group LLC increased its stake in shares of Carvana by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 2,373 shares of the company’s stock valued at $483,000 after purchasing an additional 65 shares during the period. Forum Financial Management LP increased its position in Carvana by 3.8% in the 3rd quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock valued at $361,000 after acquiring an additional 76 shares during the period. Global Retirement Partners LLC raised its stake in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Carvana by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company’s stock valued at $5,657,000 after acquiring an additional 86 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Carvana by 37.6% in the fourth quarter. Fifth Third Bancorp now owns 322 shares of the company’s stock worth $65,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction on 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 directly owns 219,962 shares of the company’s stock, valued at $63,536,023.70. This represents a 11.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan S. Keeton sold 24,845 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was 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. Insiders sold 119,629 shares of company stock valued at $30,866,419 in the last three months. Corporate insiders own 17.12% of the company’s stock.

Carvana Trading Down 5.9 %

Carvana stock opened at $219.39 on Tuesday. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The firm has a market capitalization of $45.55 billion, a price-to-earnings ratio of 139.74 and a beta of 3.37. The company has a 50 day moving average price of $233.01 and a 200 day moving average price of $212.38.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CVNA. Robert W. Baird upped their price objective on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company reduced their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Needham & Company LLC upped their target price on Carvana from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Citigroup increased their price target on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $265.06.

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.