Geometric Wealth Advisors Sells 2,738 Shares of Carvana Co. (NYSE:CVNA)

Geometric Wealth Advisors cut its stake in Carvana Co. (NYSE:CVNA) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,850 shares of the company’s stock after selling 2,738 shares during the quarter. Carvana makes up 0.7% of Geometric Wealth Advisors’ portfolio, making the stock its 9th biggest holding. Geometric Wealth Advisors’ holdings in Carvana were worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Asset Management Inc. purchased a new stake in shares of Carvana during the third quarter worth $50,531,000. Plato Investment Management Ltd raised its holdings in shares of Carvana by 135.5% during the fourth quarter. Plato Investment Management Ltd now owns 5,204 shares of the company’s stock worth $1,062,000 after acquiring an additional 2,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Carvana by 9.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company’s stock worth $94,148,000 after acquiring an additional 39,089 shares in the last quarter. Oak Thistle LLC raised its holdings 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 acquiring an additional 1,738 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Carvana by 37.7% during the fourth quarter. Bank of New York Mellon Corp now owns 478,488 shares of the company’s stock valued at $97,305,000 after buying an additional 130,942 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Stock Down 9.0 %

CVNA stock opened at $171.47 on Tuesday. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. The company has a market cap of $36.55 billion, a PE ratio of 109.21 and a beta of 3.56. The business’s 50-day simple moving average is $230.63 and its 200 day simple moving average is $213.80. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CVNA shares. Wedbush set a $250.00 target price on Carvana and gave the company a “neutral” rating in a report on Wednesday, February 19th. Robert W. Baird raised their target price on Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Stephens restated an “overweight” rating and set a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Citigroup raised their target price on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, JMP Securities restated a “market outperform” rating and set a $320.00 target price on shares of Carvana in a report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Carvana presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.94.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 20,000 shares of Carvana stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $275.68, for a total transaction of $5,513,600.00. Following the sale, the chief financial officer now directly owns 199,962 shares of the company’s stock, valued at approximately $55,125,524.16. The trade was a 9.09 % decrease in their ownership of the stock. The transaction 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 Carvana stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the sale, 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. Insiders have sold a total of 94,629 shares of company stock valued at $24,758,919 over the last three months. 17.12% of the stock is owned by corporate insiders.

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.