Nebula Research & Development LLC Has $491,000 Stock Holdings in Carvana Co. (NYSE:CVNA)

Nebula Research & Development LLC reduced its holdings in shares of Carvana Co. (NYSE:CVNA) by 83.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,413 shares of the company’s stock after selling 11,909 shares during the quarter. Nebula Research & Development LLC’s holdings in Carvana were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. World Investment Advisors LLC purchased a new position in Carvana during the 3rd quarter worth $2,009,000. Wilmington Savings Fund Society FSB bought a new stake in Carvana in the 3rd quarter worth about $241,000. Optimist Retirement Group LLC purchased a new stake in Carvana in the 3rd quarter valued at about $289,000. Lord Abbett & CO. LLC lifted its position in shares of Carvana by 1,454.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after buying an additional 503,824 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of Carvana in the 4th quarter worth approximately $42,000. 56.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price target on Carvana from $310.00 to $290.00 and set an “overweight” rating on the stock in a report on Monday. William Blair restated an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. DA Davidson lifted their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Royal Bank of Canada increased their target price on shares of Carvana from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Wedbush set a $250.00 price target on shares of Carvana and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.76.

Insider Activity at Carvana

In other news, CFO Mark W. Jenkins sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $250.12, for a total value of $2,501,200.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul W. Breaux sold 1,362 shares of Carvana stock in a transaction on Monday, February 10th. The stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the sale, the insider now directly owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 330,810 shares of company stock valued at $69,243,820 over the last three months. 17.12% of the stock is owned by corporate insiders.

Carvana Stock Up 0.9 %

CVNA stock opened at $243.59 on Wednesday. The stock has a 50-day simple moving average of $203.95 and a two-hundred day simple moving average of $223.46. Carvana Co. has a twelve month low of $80.07 and a twelve month high of $292.84. The firm has a market capitalization of $51.93 billion, a PE ratio of 155.15 and a beta of 3.61. 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 posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.27. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.32 billion. On average, equities analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.