Gulf International Bank UK Ltd Buys Shares of 7,074 Carvana Co. (NYSE:CVNA)

Gulf International Bank UK Ltd bought a new stake in Carvana Co. (NYSE:CVNA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,074 shares of the company’s stock, valued at approximately $1,438,000.

Several other large investors have also modified their holdings of the business. FMR LLC grew its position in shares of Carvana by 90.8% in the third quarter. FMR LLC now owns 12,361,790 shares of the company’s stock valued at $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. Lingotto Investment Management LLP grew its position in shares of Carvana by 1.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,987,150 shares of the company’s stock valued at $810,827,000 after purchasing an additional 57,215 shares during the last quarter. State Street Corp grew its position in shares of Carvana by 6.1% in the third quarter. State Street Corp now owns 1,877,511 shares of the company’s stock valued at $326,893,000 after purchasing an additional 107,610 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Carvana by 7.8% in the third quarter. Geode Capital Management LLC now owns 1,803,546 shares of the company’s stock valued at $315,133,000 after purchasing an additional 131,059 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in Carvana during the third quarter worth approximately $162,953,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Mark W. Jenkins sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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 owns 189,097 shares of the company’s stock, valued at approximately $37,961,222.75. This trade represents a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul W. Breaux sold 1,362 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $270.08, for a total transaction of $367,848.96. Following the completion of the transaction, the insider now directly owns 153,240 shares in the company, valued at approximately $41,387,059.20. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,629 shares of company stock valued at $44,833,799. Company insiders own 17.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CVNA shares. JPMorgan Chase & Co. raised their target price on shares of Carvana from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Stephens restated an “overweight” rating and set a $300.00 target price on shares of Carvana in a research report on Thursday, February 6th. Morgan Stanley upgraded shares of Carvana from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $110.00 to $260.00 in a research report on Tuesday, November 5th. Wedbush set a $250.00 target price on shares of Carvana and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Citigroup raised their target price on shares of Carvana from $277.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $265.06.

Carvana Stock Performance

Shares of CVNA stock opened at $233.55 on Friday. The company’s fifty day simple moving average is $233.08 and its 200-day simple moving average is $211.41. Carvana Co. has a 52 week low of $67.61 and a 52 week high of $292.84. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The company has a market cap of $48.49 billion, a PE ratio of 148.76 and a beta of 3.37.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, February 19th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.32 billion. As a group, equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

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.