Candriam S.C.A. Purchases Shares of 7,506 Carvana Co. (NYSE:CVNA)

Candriam S.C.A. acquired a new stake in Carvana Co. (NYSE:CVNA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,506 shares of the company’s stock, valued at approximately $1,526,000.

Several other hedge funds also recently modified their holdings of CVNA. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Carvana in the third quarter valued at approximately $377,000. Capital Performance Advisors LLP acquired a new position in Carvana during the third quarter valued at approximately $40,000. Sigma Planning Corp bought a new stake in shares of Carvana during the third quarter worth $228,000. Axxcess Wealth Management LLC bought a new stake in shares of Carvana during the third quarter worth $784,000. Finally, Colonial River Investments LLC bought a new stake in shares of Carvana in the third quarter worth $786,000. Institutional investors own 56.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Evercore ISI upped their price target on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Robert W. Baird increased their target price on shares of Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Stephens reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $340.00 price objective on shares of Carvana in a report on Friday. Finally, Wells Fargo & Company cut 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. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and a consensus price target of $265.94.

Insider Activity

In other news, CFO Mark W. Jenkins sold 28,422 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the sale, the chief financial officer now owns 219,962 shares in the company, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul W. Breaux sold 1,362 shares of Carvana 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 approximately $41,387,059.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,629 shares of company stock worth $30,866,419. 17.12% of the stock is currently owned by corporate insiders.

Carvana Stock Performance

Carvana stock opened at $188.19 on Monday. The firm’s fifty day moving average price is $231.41 and its 200-day moving average price is $213.67. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The stock has a market cap of $40.11 billion, a P/E ratio of 119.86 and a beta of 3.56. Carvana Co. has a fifty-two week low of $67.61 and a fifty-two week high of $292.84.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share 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 analysts’ expectations of $3.32 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. On average, equities research analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

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.