Natixis Advisors LLC Acquires 4,226 Shares of Carvana Co. (NYSE:CVNA)

Natixis Advisors LLC boosted its position in shares of Carvana Co. (NYSE:CVNA) by 5.2% in the fourth quarter, Holdings Channel reports. The firm owned 85,111 shares of the company’s stock after purchasing an additional 4,226 shares during the period. Natixis Advisors LLC’s holdings in Carvana were worth $17,308,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in Carvana during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC grew its holdings in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC acquired a new position in Carvana during the fourth quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new position in Carvana during the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc acquired a new position in Carvana during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CVNA shares. 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. Bank of America reduced their price target on shares of Carvana from $270.00 to $220.00 and set a “buy” rating for the company in a report on Friday, March 14th. JMP Securities reiterated a “market outperform” rating and issued a $320.00 price target on shares of Carvana in a report on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $340.00 price target on shares of Carvana in a report on Friday, March 7th. Finally, DA Davidson upped their price target on shares of Carvana from $220.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and a consensus target price of $262.71.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total value of $2,007,500.00. Following the transaction, the chief financial officer now directly owns 189,097 shares of the company’s stock, valued at $37,961,222.75. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul W. Breaux sold 1,362 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now directly owns 153,240 shares in the company, valued at $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,784 shares of company stock valued at $27,524,344. 17.12% of the stock is currently owned by corporate insiders.

Carvana Stock Performance

Shares of CVNA stock opened at $166.65 on Wednesday. The company’s fifty day simple moving average is $228.25 and its 200-day simple moving average is $214.65. 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 firm has a market cap of $35.52 billion, a PE ratio of 106.14 and a beta of 3.56. Carvana Co. has a 12 month low of $67.61 and a 12 month high of $292.84.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.32 billion. Equities research analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Carvana 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.