Carvana Co. (NYSE:CVNA) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in shares of Carvana Co. (NYSE:CVNA) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,759 shares of the company’s stock after acquiring an additional 255 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Carvana were worth $968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quent Capital LLC acquired a new position in shares of Carvana during the fourth quarter valued at $28,000. Global Retirement Partners LLC boosted its stake in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Rialto Wealth Management LLC bought a new position in Carvana in the 4th quarter worth about $31,000. ORG Wealth Partners LLC acquired a new stake in shares of Carvana in the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Carvana during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Stock Up 5.3 %

Shares of NYSE:CVNA opened at $185.41 on Friday. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. The company has a market cap of $39.52 billion, a PE ratio of 118.10 and a beta of 3.56. The firm has a 50 day simple moving average of $227.61 and a 200 day simple moving average of $214.18.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. As a group, research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Carvana

In other news, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the transaction, the chief operating officer now directly owns 196,278 shares in the company, valued at $35,033,660.22. The trade was a 20.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total value of $8,209,694.70. Following the sale, the chief financial officer now owns 219,962 shares of the company’s stock, valued at approximately $63,536,023.70. This represents a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,784 shares of company stock valued at $27,524,344 in the last 90 days. 17.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CVNA has been the topic of a number of recent analyst reports. Bank of America cut their price objective on shares of Carvana from $270.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. JMP Securities restated a “market outperform” rating and set a $320.00 price target on shares of Carvana in a research report on Monday, December 16th. Stephens reiterated an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Wells Fargo & Company dropped their target price on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Evercore ISI decreased their price target on Carvana from $250.00 to $240.00 and set an “in-line” rating for the company in a research note on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Carvana presently has an average rating of “Moderate Buy” and a consensus target price of $262.71.

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.