C M Bidwell & Associates Ltd. Sells 151 Shares of Carvana Co. (NYSE:CVNA)

C M Bidwell & Associates Ltd. reduced its holdings in shares of Carvana Co. (NYSE:CVNA) by 29.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367 shares of the company’s stock after selling 151 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Carvana were worth $75,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Cerity Partners LLC grew its stake in Carvana by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 4,215 shares of the company’s stock valued at $734,000 after buying an additional 2,234 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Carvana in the third quarter valued at approximately $244,000. Townsquare Capital LLC bought a new position in shares of Carvana during the third quarter worth approximately $282,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Carvana by 13.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,140 shares of the company’s stock worth $3,332,000 after purchasing an additional 2,243 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in Carvana in the 3rd quarter valued at $1,772,000. 56.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Carvana

In other Carvana news, insider Paul W. Breaux sold 1,362 shares of Carvana 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 transaction, the insider now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Taira sold 27,593 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total value of $6,209,252.79. Following the completion of the sale, the insider now owns 179,673 shares in the company, valued at $40,431,815.19. This trade represents a 13.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,377 shares of company stock worth $44,251,096. Insiders own 17.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI lowered their price objective on Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price objective on shares of Carvana from $365.00 to $325.00 and set an “overweight” rating for the company in a research note on Thursday. JMP Securities reissued a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a report on Monday, December 16th. DA Davidson raised their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Citigroup boosted their price target on Carvana from $277.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.53.

Carvana Price Performance

Shares of NYSE:CVNA opened at $204.40 on Monday. Carvana Co. has a one year low of $67.61 and a one year high of $292.84. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company has a market cap of $43.57 billion, a price-to-earnings ratio of 130.19 and a beta of 3.56. The firm has a 50 day simple moving average of $227.25 and a 200 day simple moving average of $218.09.

Carvana (NYSE:CVNA) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.56 earnings per share 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 the consensus estimate of $3.32 billion. Carvana had a return on equity of 36.59% and a net margin of 1.54%. Research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

About Carvana

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.