Atria Investments Inc Grows Position in Carvana Co. $CVNA

Atria Investments Inc raised its position in Carvana Co. (NYSE:CVNA) by 162.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,788 shares of the company’s stock after purchasing an additional 3,580 shares during the quarter. Atria Investments Inc’s holdings in Carvana were worth $2,183,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CVNA. ORG Partners LLC lifted its stake in shares of Carvana by 8,700.0% during the 3rd quarter. ORG Partners LLC now owns 88 shares of the company’s stock worth $33,000 after acquiring an additional 87 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Carvana during the third quarter worth $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Carvana during the second quarter worth $38,000. SJS Investment Consulting Inc. boosted its stake in shares of Carvana by 28.3% during the third quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock valued at $51,000 after purchasing an additional 30 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Carvana in the second quarter worth about $49,000. Institutional investors own 56.71% of the company’s stock.

Carvana Trading Down 0.2%

NYSE CVNA opened at $343.31 on Tuesday. Carvana Co. has a 52 week low of $148.25 and a 52 week high of $486.89. The company has a 50 day moving average price of $432.45 and a 200 day moving average price of $382.37. The company has a quick ratio of 2.55, a current ratio of 4.05 and a debt-to-equity ratio of 1.63. The firm has a market cap of $74.68 billion, a PE ratio of 78.38 and a beta of 3.57.

Analyst Upgrades and Downgrades

CVNA has been the subject of several research reports. BTIG Research boosted their price objective on shares of Carvana from $450.00 to $535.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Bank of America boosted their price target on Carvana from $455.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Carvana in a research note on Tuesday, January 13th. DA Davidson set a $360.00 target price on Carvana in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $460.00 price target on shares of Carvana in a research report on Thursday, October 30th. Nineteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $474.27.

Insider Activity

In other Carvana news, insider Paul W. Breaux sold 20,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $438.50, for a total value of $8,770,000.00. Following the completion of the transaction, the insider owned 69,289 shares of the company’s stock, valued at approximately $30,383,226.50. This trade represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael E. Maroone sold 30,928 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $400.34, for a total transaction of $12,381,715.52. Following the sale, the director directly owned 143,573 shares in the company, valued at $57,478,014.82. This trade represents a 17.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 420,351 shares of company stock worth $179,589,049 over the last quarter. Company insiders own 16.36% of the company’s stock.

Carvana Company 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.