American Century Companies Inc. Buys 34,222 Shares of Carvana Co. $CVNA

American Century Companies Inc. lifted its position in Carvana Co. (NYSE:CVNA) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,507 shares of the company’s stock after purchasing an additional 34,222 shares during the quarter. American Century Companies Inc. owned 0.17% of Carvana worth $139,770,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. ORG Partners LLC boosted its position in Carvana by 8,700.0% in the third quarter. ORG Partners LLC now owns 88 shares of the company’s stock valued at $33,000 after buying an additional 87 shares in the last quarter. Washington Trust Advisors Inc. acquired a new position in Carvana in the third quarter valued at approximately $38,000. Steigerwald Gordon & Koch Inc. bought a new position in Carvana in the third quarter valued at approximately $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Carvana in the second quarter valued at about $38,000. Finally, SJS Investment Consulting Inc. boosted its stake in Carvana by 28.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 136 shares of the company’s stock worth $51,000 after acquiring an additional 30 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CVNA has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Carvana from $525.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Barclays decreased their price target on shares of Carvana from $530.00 to $450.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Argus assumed coverage on Carvana in a research note on Monday, December 15th. They issued a “buy” rating and a $500.00 price target for the company. DA Davidson lowered their price target on Carvana from $470.00 to $320.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Finally, Evercore dropped their price objective on shares of Carvana from $430.00 to $390.00 in a report on Thursday, February 19th. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $440.59.

Carvana Stock Performance

CVNA stock opened at $334.31 on Monday. The company has a quick ratio of 2.73, a current ratio of 4.31 and a debt-to-equity ratio of 1.15. The firm has a market cap of $73.16 billion, a PE ratio of 41.58 and a beta of 3.60. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $486.89. The business has a 50 day moving average of $411.14 and a 200-day moving average of $381.47.

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

Insider Buying and Selling at Carvana

In other Carvana news, COO Benjamin E. Huston sold 10,000 shares of Carvana stock in a transaction dated 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 sale, the chief operating officer owned 98,652 shares of the company’s stock, valued at $40,572,608.04. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel J. Gill sold 40,000 shares of Carvana stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $475.24, for a total transaction of $19,009,600.00. Following the transaction, the insider directly owned 191,106 shares in the company, valued at $90,821,215.44. This trade represents a 17.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 366,601 shares of company stock worth $159,650,246 in the last ninety days. Insiders own 16.36% of the company’s stock.

About Carvana

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.