Carvana Co. (NYSE:CVNA) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in shares of Carvana Co. (NYSE:CVNA) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,122 shares of the company’s stock after acquiring an additional 175 shares during the period. Sequoia Financial Advisors LLC’s holdings in Carvana were worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in Carvana by 39.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,459,065 shares of the company’s stock worth $655,727,000 after purchasing an additional 2,112,463 shares in the last quarter. Sylebra Capital LLC purchased a new position in Carvana during the second quarter worth approximately $67,686,000. Senator Investment Group LP purchased a new position in Carvana during the second quarter worth approximately $63,767,000. Driehaus Capital Management LLC boosted its position in Carvana by 124.9% during the second quarter. Driehaus Capital Management LLC now owns 581,787 shares of the company’s stock worth $74,888,000 after purchasing an additional 323,153 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Carvana during the second quarter worth approximately $39,997,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carvana news, major shareholder Ernest C. Garcia II sold 15,814 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $201.16, for a total transaction of $3,181,144.24. Following the completion of the sale, the insider now owns 37,442,317 shares of the company’s stock, valued at $7,531,896,487.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Ernest C. Garcia II sold 15,814 shares of Carvana stock in a transaction on Friday, October 25th. The stock was sold at an average price of $201.16, for a total value of $3,181,144.24. Following the completion of the sale, the insider now directly owns 37,442,317 shares of the company’s stock, valued at approximately $7,531,896,487.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 75,000 shares of Carvana stock in a transaction on Monday, July 29th. The shares were sold at an average price of $128.81, for a total value of $9,660,750.00. Following the completion of the sale, the insider now directly owns 1,715,814 shares of the company’s stock, valued at $221,014,001.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,955,891 shares of company stock valued at $489,299,685 over the last quarter. 17.12% of the stock is owned by insiders.

Carvana Price Performance

CVNA stock opened at $202.60 on Friday. The business has a fifty day moving average of $167.97 and a two-hundred day moving average of $132.84. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 47.20. The stock has a market cap of $41.04 billion, a price-to-earnings ratio of 88.86 and a beta of 3.44. Carvana Co. has a 52-week low of $25.09 and a 52-week high of $203.72.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.23 billion. As a group, research analysts anticipate that Carvana Co. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Carvana from $75.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. DA Davidson raised their target price on Carvana from $110.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Evercore ISI raised their target price on Carvana from $178.00 to $182.00 and gave the company an “in-line” rating in a research report on Tuesday. Wedbush raised their target price on Carvana from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Finally, JMP Securities restated a “market outperform” rating and issued a $200.00 target price on shares of Carvana in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $182.29.

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.