78,831 Shares in Carvana Co. (NYSE:CVNA) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new position in shares of Carvana Co. (NYSE:CVNA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 78,831 shares of the company’s stock, valued at approximately $10,147,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVNA. Ridgewood Investments LLC acquired a new position in shares of Carvana in the 2nd quarter valued at approximately $32,000. Summit Securities Group LLC raised its position in shares of Carvana by 110.0% in the 2nd quarter. Summit Securities Group LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 3,300 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Carvana by 450.8% in the 2nd quarter. Fifth Third Bancorp now owns 336 shares of the company’s stock valued at $43,000 after purchasing an additional 275 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Carvana by 127.9% in the 2nd quarter. GAMMA Investing LLC now owns 458 shares of the company’s stock valued at $59,000 after purchasing an additional 257 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Carvana in the 2nd quarter valued at approximately $68,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Mark W. Jenkins sold 55,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $124.08, for a total transaction of $6,824,400.00. Following the completion of the transaction, the chief financial officer now directly owns 186,580 shares in the company, valued at approximately $23,150,846.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Ernest C. Garcia II sold 9,186 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $156.95, for a total value of $1,441,742.70. Following the completion of the transaction, the insider now owns 41,433,131 shares of the company’s stock, valued at $6,502,929,910.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark W. Jenkins sold 55,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $124.08, for a total value of $6,824,400.00. Following the completion of the transaction, the chief financial officer now directly owns 186,580 shares of the company’s stock, valued at approximately $23,150,846.40. The disclosure for this sale can be found here. Insiders sold a total of 2,660,422 shares of company stock worth $352,116,577 in the last three months. 17.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CVNA shares. JPMorgan Chase & Co. upped their target price on Carvana from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. TD Cowen boosted their price target on Carvana from $110.00 to $148.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Morgan Stanley boosted their price target on Carvana from $75.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Piper Sandler boosted their price target on Carvana from $105.00 to $151.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC boosted their price target on Carvana from $160.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $148.40.

Carvana Price Performance

Shares of CVNA opened at $141.16 on Friday. The company has a market cap of $28.59 billion, a P/E ratio of 61.91 and a beta of 3.37. The stock has a fifty day moving average price of $138.67 and a 200 day moving average price of $108.89. The company has a debt-to-equity ratio of 47.20, a current ratio of 3.11 and a quick ratio of 2.02. Carvana Co. has a 12 month low of $25.09 and a 12 month high of $159.85.

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.