Calamos Advisors LLC Takes Position in Carvana Co. (NYSE:CVNA)

Calamos Advisors LLC acquired a new position in Carvana Co. (NYSE:CVNA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,439 shares of the company’s stock, valued at approximately $1,106,000.

Several other large investors also recently added to or reduced their stakes in CVNA. Sugarloaf Wealth Management LLC purchased a new stake in Carvana during the third quarter valued at approximately $32,000. ORG Wealth Partners LLC purchased a new stake in shares of Carvana in the 4th quarter worth $34,000. Capital Performance Advisors LLP purchased a new stake in shares of Carvana in the 3rd quarter worth $40,000. Versant Capital Management Inc purchased a new stake in Carvana in the fourth quarter worth about $42,000. Finally, First Horizon Advisors Inc. increased its position in Carvana by 363.0% in the third quarter. First Horizon Advisors Inc. now owns 250 shares of the company’s stock worth $44,000 after buying an additional 196 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CVNA. Bank of America increased their target price on shares of Carvana from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Citigroup raised shares of Carvana from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $277.00 in a research note on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $320.00 price objective on shares of Carvana in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price target on Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group increased their price target on Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Nine 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.88.

Carvana Price Performance

Shares of Carvana stock opened at $256.08 on Thursday. The stock has a market cap of $53.17 billion, a price-to-earnings ratio of 25,633.83 and a beta of 3.37. 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 stock has a 50 day moving average price of $230.46 and a 200-day moving average price of $196.87. Carvana Co. has a one year low of $43.87 and a one year high of $268.34.

Insiders Place Their Bets

In other news, CFO Mark W. Jenkins sold 10,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $200.75, for a total transaction of $2,007,500.00. Following the completion of the sale, the chief financial officer now directly owns 189,097 shares of the company’s stock, valued at approximately $37,961,222.75. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the sale, the insider now directly owns 191,225 shares of the company’s stock, valued at $49,617,150.75. This represents a 18.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,845 shares of company stock valued at $30,742,656 over the last three months. 17.18% of the stock is owned by company insiders.

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.