116,322 Shares in Carvana Co. (NYSE:CVNA) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Carvana Co. (NYSE:CVNA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 116,322 shares of the company’s stock, valued at approximately $23,655,000. Proficio Capital Partners LLC owned 0.06% of Carvana at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CVNA. Quent Capital LLC bought a new position in Carvana in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC boosted its holdings in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 78 shares during the period. ORG Wealth Partners LLC bought a new position in Carvana in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new position in Carvana in the 3rd quarter worth approximately $40,000. Finally, Versant Capital Management Inc bought a new position in Carvana in the 4th quarter worth approximately $42,000. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $259.47, for a total value of $11,416,680.00. Following the transaction, the insider now owns 191,225 shares in the company, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan S. Keeton sold 24,845 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $247.90, for a total transaction of $6,159,075.50. Following the completion of the transaction, the insider now owns 151,029 shares in the company, valued at $37,440,089.10. The trade was a 14.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,629 shares of company stock worth $44,833,799. 17.12% of the stock is currently owned by company insiders.

Carvana Stock Performance

Carvana stock opened at $233.55 on Friday. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company has a market capitalization of $48.49 billion, a PE ratio of 148.76 and a beta of 3.37. The firm has a fifty day simple moving average of $233.08 and a two-hundred day simple moving average of $210.96. Carvana Co. has a twelve month low of $67.61 and a twelve month high of $292.84.

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

Analysts Set New Price Targets

Several research firms have issued reports on CVNA. DA Davidson increased their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Royal Bank of Canada increased their target price on shares of Carvana from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $110.00 to $260.00 in a research note on Tuesday, November 5th. Finally, Stephens reiterated an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $265.06.

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.