Natixis Advisors LLC Grows Stock Holdings in Carvana Co. $CVNA

Natixis Advisors LLC raised its holdings in shares of Carvana Co. (NYSE:CVNA) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,431 shares of the company’s stock after acquiring an additional 7,216 shares during the quarter. Natixis Advisors LLC’s holdings in Carvana were worth $51,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CVNA. ORG Partners LLC boosted its holdings in shares of Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after acquiring an additional 87 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Carvana in the third quarter valued at $38,000. Washington Trust Advisors Inc. bought a new stake in shares of Carvana during the 3rd quarter valued at $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Carvana during the 2nd quarter worth about $38,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Carvana during the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 12,750 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $410.19, for a total value of $5,229,922.50. Following the completion of the transaction, the chief financial officer owned 202,817 shares of the company’s stock, valued at $83,193,505.23. The trade was a 5.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Benjamin E. Huston sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $411.27, for a total transaction of $4,112,700.00. Following the completion of the transaction, the chief operating officer directly owned 98,652 shares in the company, valued at $40,572,608.04. The trade was a 9.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 132,621 shares of company stock valued at $59,163,610 over the last three months. Corporate insiders own 16.36% of the company’s stock.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of recent analyst reports. Barclays reduced their target price on Carvana from $530.00 to $450.00 and set an “overweight” rating for the company in a report on Friday, February 20th. BTIG Research lowered their price target on shares of Carvana from $535.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Royal Bank Of Canada cut their price objective on shares of Carvana from $500.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Weiss Ratings raised shares of Carvana from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Finally, Gordon Haskett decreased their target price on shares of Carvana from $435.00 to $350.00 and set a “hold” rating on the stock in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $440.59.

Carvana Price Performance

Shares of NYSE CVNA opened at $328.74 on Tuesday. The stock’s 50-day simple moving average is $397.33 and its two-hundred day simple moving average is $380.49. Carvana Co. has a twelve month low of $148.25 and a twelve month high of $486.89. The firm has a market capitalization of $71.94 billion, a P/E ratio of 40.89 and a beta of 3.60. The company has a quick ratio of 2.73, a current ratio of 4.31 and a debt-to-equity ratio of 1.15.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $3.12. Carvana had a return on equity of 50.96% and a net margin of 6.92%.The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter last year, the company posted $0.56 EPS. The company’s revenue for the quarter was up 58.0% on a year-over-year basis. As a group, equities analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.