Fidelis Capital Partners LLC Buys 51 Shares of Carvana Co. (NYSE:CVNA)

Fidelis Capital Partners LLC increased its stake in Carvana Co. (NYSE:CVNA) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,541 shares of the company’s stock after purchasing an additional 51 shares during the period. Fidelis Capital Partners LLC’s holdings in Carvana were worth $313,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CVNA. FMR LLC raised its position in shares of Carvana by 90.8% during the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after acquiring an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in Carvana in the third quarter valued at about $162,953,000. Lord Abbett & CO. LLC increased its position in Carvana by 1,454.1% in the third quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after purchasing an additional 503,824 shares during the period. Eagle Asset Management Inc. bought a new stake in Carvana during the 3rd quarter worth about $50,531,000. Finally, Holocene Advisors LP lifted its position in Carvana by 108.2% during the 3rd quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock valued at $96,476,000 after purchasing an additional 287,983 shares during the period. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Stock Down 1.8 %

Carvana stock opened at $215.45 on Wednesday. The company has a 50 day moving average of $232.84 and a 200-day moving average of $212.80. 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 $67.61 and a twelve month high of $292.84. The stock has a market capitalization of $44.73 billion, a PE ratio of 137.23 and a beta of 3.37.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. The firm 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%. On average, equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CVNA shares. Royal Bank of Canada lifted their price target on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Evercore ISI upped their target price on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Robert W. Baird raised their price target on Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Stephens reiterated an “overweight” rating and issued a $300.00 price objective on shares of Carvana in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on Carvana from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.06.

Insider Activity at Carvana

In other news, CFO Mark W. Jenkins sold 28,422 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the transaction, the chief financial officer now directly owns 219,962 shares in the company, valued at $63,536,023.70. This represents a 11.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ira J. Platt sold 25,000 shares of Carvana stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $244.30, for a total value of $6,107,500.00. Following the completion of the sale, the director now directly owns 5,227 shares in the company, valued at approximately $1,276,956.10. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,629 shares of company stock valued at $30,866,419. 17.12% of the stock is owned by 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.