Adams Wealth Management Buys 100 Shares of Carvana Co. (NYSE:CVNA)

by · The Cerbat Gem

Adams Wealth Management boosted its position in Carvana Co. (NYSE:CVNA – Free Report) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,388 shares of the company’s stock after purchasing an additional 100 shares during the period. Adams Wealth Management’s holdings in Carvana were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Stifel Financial Corp increased its holdings in Carvana by 65.3% in the 3rd quarter. Stifel Financial Corp now owns 5,434 shares of the company’s stock worth $946,000 after acquiring an additional 2,147 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Carvana in the third quarter worth about $326,000. MML Investors Services LLC increased its stake in shares of Carvana by 3.0% in the third quarter. MML Investors Services LLC now owns 4,172 shares of the company’s stock worth $726,000 after purchasing an additional 122 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Carvana in the third quarter valued at approximately $312,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Carvana during the 3rd quarter valued at approximately $2,009,000. 56.71% of the stock is owned by hedge funds and other institutional investors.

Carvana Stock Up 0.8 %

CVNA opened at $211.03 on Friday. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The business’s fifty day simple moving average is $211.96 and its 200 day simple moving average is $220.95. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The stock has a market cap of $44.99 billion, a PE ratio of 134.42 and a beta of 3.61.

Carvana (NYSE:CVNA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.29 by $0.27. The firm 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%. As a group, research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the completion of the sale, the chief financial officer now directly owns 219,962 shares in the company, valued at $55,016,895.44. This represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $150.90, for a total value of $7,545,000.00. Following the transaction, the chief operating officer now owns 123,803 shares in the company, valued at approximately $18,681,872.70. The trade was a 28.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 330,810 shares of company stock valued at $69,243,820. 17.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of analyst reports. Evercore ISI lowered their target price on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird decreased their price objective on Carvana from $250.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Citigroup dropped their price objective on Carvana from $320.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JMP Securities decreased their price target on Carvana from $340.00 to $275.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $340.00 price target on shares of Carvana in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Carvana presently has an average rating of “Moderate Buy” and an average target price of $253.59.

Get Our Latest Stock Report on Carvana

Carvana Company Profile

(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.

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