Cullen Frost Bankers Inc. Sells 156 Shares of Carvana Co. (NYSE:CVNA)

Cullen Frost Bankers Inc. lowered its stake in shares of Carvana Co. (NYSE:CVNA) by 23.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 512 shares of the company’s stock after selling 156 shares during the period. Cullen Frost Bankers Inc.’s holdings in Carvana were worth $104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares in the last quarter. Lingotto Investment Management LLP increased its stake in Carvana by 1.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock valued at $810,827,000 after buying an additional 57,215 shares during the last quarter. State Street Corp lifted its position in shares of Carvana by 6.1% during the 3rd quarter. State Street Corp now owns 1,877,511 shares of the company’s stock worth $326,893,000 after buying an additional 107,610 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Carvana by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock worth $315,133,000 after buying an additional 131,059 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Carvana in the 3rd quarter worth approximately $162,953,000. 56.71% of the stock is owned by institutional investors.

Carvana Stock Up 0.7 %

Shares of NYSE CVNA opened at $188.19 on Monday. The business has a 50-day simple moving average of $231.41 and a two-hundred day simple moving average of $213.67. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a market cap of $40.11 billion, a P/E ratio of 119.86 and a beta of 3.56. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.32 billion. Research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Mark W. Jenkins sold 28,422 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at $63,536,023.70. The trade was a 11.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $270.08, for a total value of $367,848.96. Following the completion of the sale, the insider now directly 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. Insiders sold 119,629 shares of company stock worth $30,866,419 in the last three months. Corporate insiders own 17.18% of the company’s stock.

Analyst Ratings Changes

CVNA has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Bank of America lifted their target price on Carvana from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Wedbush set a $250.00 price target on shares of Carvana and gave the company a “neutral” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Citigroup increased their target price on shares of Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Eight 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 has a consensus rating of “Moderate Buy” and an average price target of $265.94.

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.