Carvana Co. (NYSE:CVNA) Holdings Raised by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its position in shares of Carvana Co. (NYSE:CVNA) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 426 shares of the company’s stock after purchasing an additional 74 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Carvana were worth $87,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CVNA. Quent Capital LLC acquired a new stake in shares of Carvana during the fourth quarter worth $28,000. Global Retirement Partners LLC grew its position in shares of 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 buying an additional 78 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in Carvana during the fourth quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in Carvana in the fourth quarter worth about $34,000. Finally, Versant Capital Management Inc acquired a new position in Carvana in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Analyst Ratings Changes

CVNA has been the topic of a number of research reports. DA Davidson increased their price target on Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. increased their target price on Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on shares of Carvana from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada increased their price objective on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $340.00 target price on shares of Carvana in a research note on Friday, March 7th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $262.71.

Carvana Price Performance

Shares of Carvana stock opened at $166.65 on Wednesday. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The stock has a market cap of $35.52 billion, a PE ratio of 106.14 and a beta of 3.56. The company’s 50-day moving average price is $228.25 and its two-hundred day moving average price is $214.65. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82.

Carvana (NYSE:CVNA) last posted its quarterly earnings results 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. The company had revenue of $3.55 billion for 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, sell-side analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Activity

In other Carvana news, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total transaction of $2,007,500.00. Following the sale, the chief financial officer now owns 189,097 shares in the company, valued at approximately $37,961,222.75. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now owns 153,240 shares of the company’s stock, valued at approximately $41,387,059.20. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,784 shares of company stock valued at $27,524,344 over the last three months. Insiders own 17.12% of the company’s stock.

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.