Stifel Financial Corp Sells 1,697 Shares of Carvana Co. (NYSE:CVNA)

Stifel Financial Corp lowered its holdings in shares of Carvana Co. (NYSE:CVNAFree Report) by 31.2% in the fourth quarter, HoldingsChannel reports. The firm owned 3,737 shares of the company’s stock after selling 1,697 shares during the period. Stifel Financial Corp’s holdings in Carvana were worth $760,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fidelis Capital Partners LLC raised its stake in Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company’s stock valued at $313,000 after acquiring an additional 51 shares during the period. Bleakley Financial Group LLC raised its position 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. EverSource Wealth Advisors LLC lifted its stake in shares of Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company’s stock worth $87,000 after buying an additional 74 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of Carvana by 2.1% during the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company’s stock worth $752,000 after buying an additional 77 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Insiders Place Their Bets

In other Carvana news, insider Thomas Taira sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $260.00, for a total value of $1,300,000.00. Following the sale, the insider now owns 171,509 shares in the company, valued at approximately $44,592,340. The trade was a 2.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the transaction, the insider now owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 348,560 shares of company stock valued at $73,806,520 in the last ninety days. 17.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CVNA. Piper Sandler boosted their price objective on Carvana from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. Wedbush raised Carvana to a “hold” rating in a report on Thursday. DA Davidson lifted their target price on Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Evercore ISI decreased their price target on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America lifted their price objective on shares of Carvana from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.59.

Get Our Latest Analysis on CVNA

Carvana Stock Down 6.0 %

Shares of CVNA opened at $268.27 on Friday. The stock has a market capitalization of $57.19 billion, a price-to-earnings ratio of 170.87 and a beta of 3.61. Carvana Co. has a 52 week low of $97.55 and a 52 week high of $293.62. 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 stock has a fifty day moving average of $209.94 and a 200-day moving average of $227.21.

Carvana (NYSE:CVNAGet Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

About Carvana

(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.

Further Reading

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)

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