Natixis Advisors LLC Purchases 4,226 Shares of Carvana Co. (NYSE:CVNA)

Natixis Advisors LLC grew its position in Carvana Co. (NYSE:CVNA) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,111 shares of the company’s stock after purchasing an additional 4,226 shares during the quarter. Natixis Advisors LLC’s holdings in Carvana were worth $17,308,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in 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 period. Whale Rock Capital Management LLC bought a new position in Carvana during the third quarter worth $162,953,000. Lord Abbett & CO. LLC increased its position in Carvana by 1,454.1% during the third quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after acquiring an additional 503,824 shares during the period. Raymond James Financial Inc. bought a new position in Carvana during the fourth quarter worth $60,866,000. Finally, Eagle Asset Management Inc. bought a new position in Carvana during the third quarter worth $50,531,000. Institutional investors own 56.71% of the company’s stock.

Carvana Trading Down 10.6 %

Shares of NYSE CVNA opened at $166.65 on Wednesday. Carvana Co. has a 1-year low of $67.61 and a 1-year high of $292.84. The company has a market cap of $35.52 billion, a PE ratio of 106.14 and a beta of 3.56. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company has a 50-day moving average of $228.25 and a two-hundred day moving average of $214.65.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.32 billion. As a group, equities analysts expect that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CVNA. JPMorgan Chase & Co. lifted their price target on shares of Carvana from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. William Blair reiterated an “outperform” rating on shares of Carvana in a research note on Thursday, February 20th. Robert W. Baird lifted their price target on shares of Carvana from $200.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Evercore ISI decreased their price target on shares of Carvana from $250.00 to $240.00 and set an “in-line” rating on the stock in a research note on Tuesday, March 11th. Finally, 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 note on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Carvana currently has a consensus rating of “Moderate Buy” and an average price target of $262.71.

Insiders Place Their Bets

In related news, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the sale, the chief operating officer now directly owns 196,278 shares of the company’s stock, valued at $35,033,660.22. The trade was a 20.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark W. Jenkins sold 28,422 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the sale, the chief financial officer now directly owns 219,962 shares of the company’s stock, valued at approximately $63,536,023.70. This trade represents a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,784 shares of company stock valued at $27,524,344. Insiders own 17.12% of the company’s stock.

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.