Charles Schwab Investment Management Inc. Acquires 39,089 Shares of Carvana Co. (NYSE:CVNA)

Charles Schwab Investment Management Inc. boosted its holdings in Carvana Co. (NYSE:CVNA) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 462,962 shares of the company’s stock after buying an additional 39,089 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.22% of Carvana worth $94,148,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CVNA. Wealth Enhancement Advisory Services LLC bought a new position in Carvana in the 3rd quarter worth approximately $377,000. Capital Performance Advisors LLP bought a new position in Carvana in the 3rd quarter worth approximately $40,000. Sigma Planning Corp bought a new position in Carvana in the 3rd quarter worth approximately $228,000. Axxcess Wealth Management LLC bought a new position in Carvana in the 3rd quarter worth approximately $784,000. Finally, Colonial River Investments LLC bought a new position in Carvana in the 3rd quarter worth approximately $786,000. 56.71% of the stock is owned by institutional investors.

Carvana Price Performance

Carvana stock opened at $188.19 on Monday. 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 cap of $40.11 billion, a P/E ratio of 119.86 and a beta of 3.56. The business’s fifty day moving average is $231.41 and its two-hundred day moving average is $213.67. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 28,422 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan S. Keeton sold 24,845 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 151,029 shares in the company, valued at $37,440,089.10. This trade represents a 14.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,629 shares of company stock valued at $30,866,419. 17.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CVNA has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on Carvana from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $340.00 price objective on shares of Carvana in a research report on Friday. Evercore ISI boosted their price objective on Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada boosted their price objective on Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $265.94.

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.