Hanseatic Management Services Inc. Sells 476 Shares of Carvana Co. (NYSE:CVNA)

Hanseatic Management Services Inc. reduced its position in shares of Carvana Co. (NYSE:CVNA) by 46.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 545 shares of the company’s stock after selling 476 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Carvana were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CVNA. Avanza Fonder AB acquired a new stake in Carvana during the 4th quarter worth $2,373,000. Assenagon Asset Management S.A. boosted its position in shares of Carvana by 33.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock worth $77,807,000 after purchasing an additional 95,497 shares during the last quarter. Oak Thistle LLC grew its stake in shares of Carvana by 115.9% during the fourth quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock worth $658,000 after purchasing an additional 1,738 shares during the period. ORG Wealth Partners LLC bought a new stake in Carvana in the fourth quarter valued at about $34,000. Finally, Diversified Trust Co lifted its stake in Carvana by 123.4% in the fourth quarter. Diversified Trust Co now owns 4,848 shares of the company’s stock valued at $986,000 after buying an additional 2,678 shares during the period. 56.71% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Mark W. Jenkins sold 208,495 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.43, for a total value of $46,792,532.85. Following the completion of the sale, the chief financial officer now owns 90,732 shares of the company’s stock, valued at approximately $20,362,982.76. This represents a 69.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Benjamin E. Huston sold 3,043 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $240.00, for a total transaction of $730,320.00. Following the transaction, the chief operating officer now owns 218,686 shares in the company, valued at approximately $52,484,640. The trade was a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 651,908 shares of company stock worth $142,079,285 in the last quarter. Corporate insiders own 17.18% of the company’s stock.

Analyst Ratings Changes

CVNA has been the subject of several analyst reports. Evercore ISI boosted their target price on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company decreased their price objective on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Jefferies Financial Group increased their target price on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “buy” rating and issued a $330.00 price target on shares of Carvana in a report on Tuesday, January 7th. Finally, Royal Bank of Canada raised Carvana from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, January 7th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.94.

Carvana Price Performance

Shares of CVNA opened at $230.59 on Friday. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. Carvana Co. has a twelve month low of $40.21 and a twelve month high of $268.34. The stock has a market capitalization of $47.88 billion, a P/E ratio of 23,082.38 and a beta of 3.38. The company has a 50 day moving average of $231.78 and a 200-day moving average of $186.66.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business posted $0.23 EPS. The firm’s revenue for the quarter was up 31.8% on a year-over-year basis. As a group, equities research analysts forecast that Carvana Co. will post 0.88 EPS for the current fiscal year.

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.