Carvana Co. $CVNA Stock Holdings Boosted by National Pension Service

National Pension Service increased its position in Carvana Co. (NYSE:CVNA) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,917 shares of the company’s stock after acquiring an additional 4,249 shares during the period. National Pension Service owned approximately 0.09% of Carvana worth $72,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVNA. Sands Capital Management LLC increased its stake in shares of Carvana by 1,374.3% in the second quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock valued at $303,677,000 after purchasing an additional 840,096 shares during the period. Norges Bank bought a new position in Carvana in the 2nd quarter worth approximately $259,468,000. Massachusetts Financial Services Co. MA acquired a new stake in Carvana in the 2nd quarter valued at approximately $193,091,000. Arrowstreet Capital Limited Partnership acquired a new stake in Carvana in the 2nd quarter valued at approximately $183,102,000. Finally, Invesco Ltd. raised its stake in Carvana by 231.8% during the 2nd quarter. Invesco Ltd. now owns 734,436 shares of the company’s stock valued at $247,476,000 after acquiring an additional 513,092 shares in the last quarter. 56.71% of the stock is owned by institutional investors and hedge funds.

Carvana Stock Performance

NYSE:CVNA opened at $400.36 on Monday. The company has a 50-day moving average of $431.93 and a 200-day moving average of $379.38. The firm has a market cap of $87.09 billion, a price-to-earnings ratio of 91.41, a price-to-earnings-growth ratio of 0.96 and a beta of 3.57. The company has a current ratio of 4.05, a quick ratio of 2.55 and a debt-to-equity ratio of 1.63. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $486.89.

Insider Activity

In other news, insider Thomas Taira sold 1,174 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $447.00, for a total transaction of $524,778.00. Following the completion of the sale, the insider owned 68,252 shares in the company, valued at approximately $30,508,644. This represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Gill sold 40,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $475.24, for a total value of $19,009,600.00. Following the sale, the insider directly owned 191,106 shares of the company’s stock, valued at approximately $90,821,215.44. This represents a 17.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 411,506 shares of company stock valued at $174,651,315 in the last ninety days. 16.36% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on CVNA shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Carvana in a research note on Tuesday, January 13th. Wall Street Zen lowered shares of Carvana from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. BTIG Research raised their target price on shares of Carvana from $450.00 to $535.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. DA Davidson set a $360.00 price target on shares of Carvana in a research report on Thursday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $500.00 price objective on shares of Carvana in a report on Monday, November 17th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.27.

Carvana Profile

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.