52,480 Shares in Carvana Co. (NYSE:CVNA) Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Carvana Co. (NYSE:CVNA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 52,480 shares of the company’s stock, valued at approximately $10,672,000.

A number of other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Carvana by 9.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,962 shares of the company’s stock worth $94,148,000 after buying an additional 39,089 shares during the last quarter. Plato Investment Management Ltd raised its position in 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 during the last quarter. Oak Thistle LLC lifted its holdings in shares of Carvana by 115.9% in the fourth quarter. Oak Thistle LLC now owns 3,238 shares of the company’s stock valued at $658,000 after purchasing an additional 1,738 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Carvana by 37.7% in 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 purchasing an additional 130,942 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Carvana by 33.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 382,607 shares of the company’s stock worth $77,807,000 after purchasing an additional 95,497 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CVNA. Robert W. Baird upped their target price on Carvana from $200.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Royal Bank of Canada increased their price objective on Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Citigroup raised their price target on shares of Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, JMP Securities reissued a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a research report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carvana presently has an average rating of “Moderate Buy” and a consensus price target of $261.53.

Insider Transactions at Carvana

In other news, CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $250.12, for a total value of $2,501,200.00. Following the completion of the sale, the chief financial officer now owns 219,962 shares of the company’s stock, valued at $55,016,895.44. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Benjamin E. Huston sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $178.49, for a total value of $8,924,500.00. Following the sale, the chief operating officer now owns 196,278 shares in the company, valued at approximately $35,033,660.22. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,377 shares of company stock valued at $44,251,096 over the last 90 days. Corporate insiders own 17.12% of the company’s stock.

Carvana Trading Up 0.2 %

Shares of CVNA opened at $204.40 on Friday. The stock’s fifty day simple moving average is $227.25 and its 200 day simple moving average is $217.50. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The firm has a market capitalization of $43.57 billion, a P/E ratio of 130.19 and a beta of 3.56.

Carvana (NYSE:CVNA) last issued its earnings results 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 return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. On average, equities research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Carvana 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.