Warren Street Wealth Advisors LLC Trims Stock Holdings in Carvana Co. (NYSE:CVNA)

Warren Street Wealth Advisors LLC reduced its stake in shares of Carvana Co. (NYSE:CVNA) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,132 shares of the company’s stock after selling 163 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Carvana were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in Carvana by 2,384.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 78,701 shares of the company’s stock worth $15,706,000 after buying an additional 75,533 shares during the period. Quent Capital LLC purchased a new position in shares of Carvana in the fourth quarter valued at about $28,000. Cigna Investments Inc. New bought a new position in shares of Carvana in the fourth quarter worth about $223,000. Empowered Funds LLC grew its position in shares of Carvana by 3.6% during the fourth quarter. Empowered Funds LLC now owns 2,936 shares of the company’s stock worth $597,000 after purchasing an additional 101 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Carvana by 133.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,222 shares of the company’s stock valued at $655,000 after purchasing an additional 1,839 shares during the period. 56.71% of the stock is currently owned by institutional investors.

Carvana Stock Down 1.2 %

Shares of CVNA opened at $267.97 on Thursday. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99. The business has a fifty day moving average of $231.41 and a 200 day moving average of $201.73. The company has a market cap of $55.64 billion, a PE ratio of 26,823.82 and a beta of 3.37. Carvana Co. has a 52-week low of $48.15 and a 52-week high of $272.96.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada upgraded shares of Carvana from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $270.00 to $280.00 in a research report on Tuesday, January 7th. Citigroup upgraded shares of Carvana from a “neutral” rating to a “buy” rating and lifted their price target for the company from $195.00 to $277.00 in a report on Wednesday, January 8th. Evercore ISI increased their price objective on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley upgraded Carvana from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $110.00 to $260.00 in a research report on Tuesday, November 5th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Carvana has a consensus rating of “Moderate Buy” and an average target price of $249.29.

Insider Activity

In related news, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on Monday, February 10th. The stock was 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 owns 153,240 shares in the company, valued at $41,387,059.20. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.07, for a total value of $2,550,700.00. Following the completion of the sale, the chief financial officer now owns 189,761 shares in the company, valued at approximately $48,402,338.27. The trade was a 5.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,207 shares of company stock valued at $31,110,504. 17.12% of the stock is currently owned by company insiders.

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.