Fairvoy Private Wealth LLC Makes New $847,000 Investment in Carvana Co. (NYSE:CVNA)

Fairvoy Private Wealth LLC purchased a new position in Carvana Co. (NYSE:CVNA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,163 shares of the company’s stock, valued at approximately $847,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Carvana by 32.8% in the third quarter. GAMMA Investing LLC now owns 608 shares of the company’s stock worth $106,000 after acquiring an additional 150 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Carvana during the third quarter valued at $288,000. CWM LLC lifted its position in shares of Carvana by 207.7% in the 3rd quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $473,000 after purchasing an additional 1,834 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Carvana by 781.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,778 shares of the company’s stock valued at $484,000 after acquiring an additional 2,463 shares during the period. Finally, USA Financial Formulas bought a new position in Carvana in the third quarter worth about $318,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ryan S. Keeton sold 24,845 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total transaction of $6,159,075.50. Following the completion of the transaction, the insider now owns 151,029 shares of the company’s stock, valued at approximately $37,440,089.10. This trade represents a 14.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the completion of the transaction, the insider now directly owns 191,225 shares in the company, valued at approximately $49,617,150.75. This trade represents a 18.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,845 shares of company stock valued at $30,742,656. 17.18% of the stock is currently owned by corporate insiders.

Carvana Stock Up 2.7 %

Shares of NYSE CVNA opened at $262.85 on Friday. The company has a debt-to-equity ratio of 18.99, a quick ratio of 2.12 and a current ratio of 3.25. The firm has a 50 day moving average price of $230.62 and a 200 day moving average price of $197.33. Carvana Co. has a 52-week low of $46.38 and a 52-week high of $268.34. The stock has a market cap of $54.57 billion, a P/E ratio of 26,311.01 and a beta of 3.37.

Analysts Set New Price Targets

Several analysts have weighed in on CVNA shares. Needham & Company LLC reiterated a “buy” rating and set a $330.00 price target on shares of Carvana in a research note on Tuesday, January 7th. Evercore ISI upped their price target on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Carvana in a research report on Thursday. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $110.00 to $260.00 in a report on Tuesday, November 5th. Finally, Piper Sandler increased their price target on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $249.29.

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.