Wilmington Savings Fund Society FSB Grows Holdings in Carvana Co. (NYSE:CVNA)

Wilmington Savings Fund Society FSB boosted its holdings in shares of Carvana Co. (NYSE:CVNA) by 133.0% during the 4th quarter, HoldingsChannel reports. The firm owned 3,222 shares of the company’s stock after purchasing an additional 1,839 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Carvana were worth $655,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in Carvana in the 4th quarter valued at about $34,000. Versant Capital Management Inc purchased a new stake in shares of Carvana during the fourth quarter worth approximately $42,000. Capital Performance Advisors LLP acquired a new stake in shares of Carvana during the third quarter worth $40,000. First Horizon Advisors Inc. grew its position in Carvana by 363.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock valued at $44,000 after buying an additional 196 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Carvana by 37.6% in the 4th quarter. Fifth Third Bancorp now owns 322 shares of the company’s stock valued at $65,000 after buying an additional 88 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Price Performance

Shares of NYSE:CVNA opened at $267.96 on Tuesday. The company has a market cap of $55.64 billion, a P/E ratio of 26,823.12 and a beta of 3.37. The business has a fifty day simple moving average of $230.95 and a 200-day simple moving average of $200.30. Carvana Co. has a 52 week low of $48.15 and a 52 week high of $270.18. The company has a quick ratio of 2.12, a current ratio of 3.25 and a debt-to-equity ratio of 18.99.

Insider Activity

In other Carvana news, insider Daniel J. Gill sold 44,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the sale, the insider now directly owns 191,225 shares in the company, valued at $49,617,150.75. This represents a 18.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $250.12, for a total transaction of $2,501,200.00. Following the sale, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $55,016,895.44. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,845 shares of company stock valued at $30,742,656 in the last 90 days. 17.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler boosted their target price on Carvana from $151.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley upgraded Carvana from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $110.00 to $260.00 in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research note on Monday, December 16th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $249.29.

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.