Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires New Position in Carvana Co. (NYSE:CVNA)

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of Carvana Co. (NYSE:CVNA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 24,500 shares of the company’s stock, valued at approximately $4,982,000.

Other large investors have also recently modified their holdings of the company. Quent Capital LLC acquired a new stake in shares of Carvana in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its stake in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Carvana in the fourth quarter valued at approximately $34,000. Versant Capital Management Inc bought a new stake in shares of Carvana during the fourth quarter worth $42,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Carvana by 79.2% during the fourth quarter. Venturi Wealth Management LLC now owns 224 shares of the company’s stock worth $46,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Stock Up 2.5 %

Shares of Carvana stock opened at $221.08 on Wednesday. The stock’s 50-day moving average is $232.90 and its 200 day moving average is $210.02. Carvana Co. has a one year low of $66.97 and a one year high of $292.84. The firm has a market cap of $45.90 billion, a price-to-earnings ratio of 140.81 and a beta of 3.37. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12.

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

Insider Transactions at Carvana

In other news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total value of $11,416,680.00. Following the transaction, the insider now owns 191,225 shares in the company, valued at $49,617,150.75. The trade was a 18.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark W. Jenkins sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $275.68, for a total value of $5,513,600.00. Following the completion of the transaction, the chief financial officer now directly owns 199,962 shares of the company’s stock, valued at approximately $55,125,524.16. This represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 173,629 shares of company stock worth $44,833,799 in the last quarter. 17.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CVNA has been the topic of several recent research reports. Bank of America raised their price objective on Carvana from $252.00 to $270.00 and gave the company a “buy” rating in a report on Friday, February 21st. Piper Sandler lifted their price target on Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Citigroup upped their price objective on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Robert W. Baird lifted their target price on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, DA Davidson boosted their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Carvana has an average rating of “Moderate Buy” and an average target price of $265.06.

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.