ORG Wealth Partners LLC Takes $34,000 Position in Carvana Co. (NYSE:CVNA)

ORG Wealth Partners LLC purchased a new stake in shares of Carvana Co. (NYSE:CVNA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 169 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds have also added to or reduced their stakes in the company. Forum Financial Management LP lifted its position in Carvana by 3.8% during the 3rd quarter. Forum Financial Management LP now owns 2,071 shares of the company’s stock valued at $361,000 after purchasing an additional 76 shares during the period. Empirical Asset Management LLC raised its stake in shares of Carvana by 2.0% during the third quarter. Empirical Asset Management LLC now owns 5,109 shares of the company’s stock worth $890,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Carvana by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,366 shares of the company’s stock valued at $586,000 after buying an additional 115 shares during the period. MML Investors Services LLC grew its holdings in Carvana by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 4,172 shares of the company’s stock worth $726,000 after acquiring an additional 122 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in Carvana by 6.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,308 shares of the company’s stock worth $402,000 after acquiring an additional 130 shares during the period. Institutional investors own 56.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Carvana from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research note on Thursday, January 2nd. Evercore ISI boosted their target price on Carvana from $240.00 to $245.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Piper Sandler increased their price target on shares of Carvana from $151.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price objective on shares of Carvana from $150.00 to $185.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Carvana has a consensus rating of “Moderate Buy” and an average target price of $241.94.

Carvana Price Performance

CVNA stock opened at $193.40 on Friday. The stock has a 50-day moving average price of $234.92 and a two-hundred day moving average price of $182.79. Carvana Co. has a 1 year low of $40.21 and a 1 year high of $268.34. The stock has a market cap of $40.16 billion, a PE ratio of 19,359.36 and a beta of 3.38. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99.

Carvana (NYSE:CVNA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.47 billion. The firm’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. Equities analysts forecast that Carvana Co. will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, CFO Mark W. Jenkins sold 208,495 shares of Carvana stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.43, for a total value of $46,792,532.85. Following the sale, the chief financial officer now owns 90,732 shares of the company’s stock, valued at approximately $20,362,982.76. The trade was a 69.68 % 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 stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $247.90, for a total value of $6,159,075.50. Following the transaction, the insider now directly owns 151,029 shares of the company’s stock, valued at $37,440,089.10. This trade represents a 14.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 951,908 shares of company stock worth $199,569,285 over the last ninety days. Insiders own 17.12% of the company’s stock.

Carvana 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.