Shell Asset Management Co. Makes New $116,000 Investment in Carvana Co. (NYSE:CVNA)

Shell Asset Management Co. purchased a new position in shares of Carvana Co. (NYSE:CVNA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 570 shares of the company’s stock, valued at approximately $116,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Carvana in the 4th quarter worth $28,000. Global Retirement Partners LLC lifted its stake in shares of Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC bought a new position in shares of Carvana in the fourth quarter valued at $31,000. Venturi Wealth Management LLC grew 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 valued at $46,000 after buying an additional 99 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Carvana during the fourth quarter worth about $48,000. 56.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CVNA. Piper Sandler raised their price target on shares of Carvana from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Robert W. Baird raised their target price on Carvana from $200.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Morgan Stanley increased their price target on Carvana from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th. Finally, 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 report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $269.18.

Carvana Stock Up 1.7%

Carvana stock opened at $304.92 on Tuesday. The firm has a 50 day moving average price of $223.22 and a 200-day moving average price of $230.75. 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 Co. has a twelve month low of $97.55 and a twelve month high of $311.88. The company has a market capitalization of $65.30 billion, a P/E ratio of 194.22 and a beta of 3.61.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the prior year, the company earned $0.23 earnings per share. Carvana’s revenue was up 38.3% compared to the same quarter last year. As a group, equities analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Insider Transactions at Carvana

In other Carvana news, insider Thomas Taira sold 5,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $260.00, for a total transaction of $1,300,000.00. Following the sale, the insider now owns 171,509 shares in the company, valued at $44,592,340. This represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan S. Keeton sold 13,137 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $300.00, for a total value of $3,941,100.00. Following the completion of the transaction, the insider now directly owns 148,402 shares of the company’s stock, valued at $44,520,600. The trade was a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 590,313 shares of company stock worth $145,613,672. 17.12% of the stock is owned by company insiders.

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.