Carvana Co. (NYSE:CVNA) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its stake in Carvana Co. (NYSE:CVNA) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,300 shares of the company’s stock after selling 6,245 shares during the quarter. Wolverine Asset Management LLC’s holdings in Carvana were worth $1,688,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC grew its stake in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after acquiring an additional 5,882,656 shares during the period. State Street Corp boosted its holdings in shares of Carvana by 6.1% during the third quarter. State Street Corp now owns 1,877,511 shares of the company’s stock worth $326,893,000 after purchasing an additional 107,610 shares during the last quarter. Geode Capital Management LLC increased its stake in Carvana by 7.8% in the third quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock valued at $315,133,000 after purchasing an additional 131,059 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in Carvana in the third quarter valued at $162,953,000. Finally, Holocene Advisors LP lifted its position in Carvana by 108.2% during the third quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock worth $96,476,000 after buying an additional 287,983 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research note on Tuesday, December 3rd. Stephens reaffirmed an “overweight” rating and set a $300.00 price target on shares of Carvana in a research report on Thursday, February 6th. Morgan Stanley upgraded shares of 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 report on Tuesday, November 5th. Robert W. Baird boosted their price objective on shares of Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Carvana in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average price target of $265.06.

Insider Buying and Selling at Carvana

In other Carvana news, insider Ryan S. Keeton sold 24,845 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total transaction of $6,159,075.50. Following the transaction, the insider now directly owns 151,029 shares in the company, valued at $37,440,089.10. This represents a 14.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel J. Gill sold 44,000 shares of the business’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 of the company’s stock, valued at $49,617,150.75. The trade was a 18.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 173,629 shares of company stock valued at $44,833,799 in the last ninety days. Insiders own 17.12% of the company’s stock.

Carvana Stock Performance

Carvana stock opened at $223.14 on Friday. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. Carvana Co. has a one year low of $49.38 and a one year high of $292.84. The stock’s 50 day moving average price is $234.35 and its 200 day moving average price is $207.79. The firm has a market capitalization of $46.33 billion, a PE ratio of 142.13 and a beta of 3.37.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The business 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 446.67%. As a group, sell-side analysts expect that Carvana Co. will post 2.85 EPS 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.