Nisa Investment Advisors LLC Acquires 86 Shares of Carvana Co. (NYSE:CVNA)

Nisa Investment Advisors LLC raised its stake in shares of Carvana Co. (NYSE:CVNA) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,817 shares of the company’s stock after buying an additional 86 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Carvana were worth $5,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in Carvana in the 4th quarter worth approximately $34,000. Sugarloaf Wealth Management LLC bought a new stake in Carvana in the third quarter worth $32,000. Versant Capital Management Inc purchased a new stake in Carvana during the fourth quarter valued at $42,000. Capital Performance Advisors LLP bought a new position in Carvana during the third quarter valued at $40,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Carvana by 363.0% in the 3rd 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. Institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In other Carvana news, insider Paul W. Breaux sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $240.22, for a total value of $7,206,600.00. Following the completion of the sale, the insider now directly owns 135,025 shares in the company, valued at $32,435,705.50. This trade represents a 18.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark W. Jenkins sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $200.75, for a total value of $2,007,500.00. Following the transaction, the chief financial officer now directly owns 189,097 shares in the company, valued at approximately $37,961,222.75. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 380,383 shares of company stock valued at $88,981,508. Corporate insiders own 17.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVNA. Evercore ISI upped their target price on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Citigroup raised Carvana from a “neutral” rating to a “buy” rating and raised their price objective for the company from $195.00 to $277.00 in a research note on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and set a $330.00 target price on shares of Carvana in a research report on Tuesday, January 7th. Wedbush raised their price target on Carvana from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $320.00 price objective on shares of Carvana in a research report on Monday, December 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.94.

Carvana Price Performance

CVNA opened at $240.74 on Friday. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. The business’s fifty day simple moving average is $231.02 and its 200-day simple moving average is $190.05. The company has a market capitalization of $49.99 billion, a price-to-earnings ratio of 24,098.30 and a beta of 3.38. Carvana Co. has a 12-month low of $40.21 and a 12-month high of $268.34.

Carvana (NYSE:CVNA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.23 by $0.41. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.47 billion. The company’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Carvana Co. will post 0.88 earnings per share for the current fiscal year.

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.