Blair William & Co. IL Has $167,000 Stake in Carvana Co. (NYSE:CVNA)

Blair William & Co. IL cut its position in shares of Carvana Co. (NYSE:CVNA – Get Rating) by 81.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,133 shares of the company’s stock after selling 154,340 shares during the quarter. Blair William & Co. IL’s holdings in Carvana were worth $167,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Commerce Bank bought a new stake in Carvana during the fourth quarter valued at $324,000. Swiss National Bank grew its stake in Carvana by 1.8% during the fourth quarter. Swiss National Bank now owns 217,200 shares of the company’s stock worth $1,030,000 after purchasing an additional 3,900 shares during the period. Arizona State Retirement System increased its holdings in Carvana by 3.9% in the fourth quarter. Arizona State Retirement System now owns 25,376 shares of the company’s stock worth $120,000 after purchasing an additional 951 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Carvana in the fourth quarter valued at approximately $81,000. Finally, LPL Financial LLC grew its position in shares of Carvana by 10.5% during the 4th quarter. LPL Financial LLC now owns 33,331 shares of the company’s stock worth $158,000 after buying an additional 3,174 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

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Carvana Stock Performance

CVNA stock opened at $12.92 on Thursday. The business has a 50 day moving average of $9.58 and a 200-day moving average of $8.38. The firm has a market cap of $2.44 billion, a PE ratio of -0.91 and a beta of 2.83. Carvana Co. has a 12-month low of $3.55 and a 12-month high of $58.05. The company has a quick ratio of 1.10, a current ratio of 1.62 and a debt-to-equity ratio of 17.69.

Carvana (NYSE:CVNA – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported ($1.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.87) by $0.36. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.58 billion. Carvana had a negative return on equity of 1,491.81% and a negative net margin of 11.70%. The business’s revenue was down 25.5% compared to the same quarter last year. During the same period last year, the firm posted ($2.89) EPS. As a group, sell-side analysts expect that Carvana Co. will post -5.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CVNA shares. DA Davidson increased their target price on shares of Carvana from $5.00 to $7.00 in a research note on Tuesday, February 21st. Evercore ISI raised their target price on Carvana from $9.00 to $10.00 in a research note on Thursday, March 23rd. Piper Sandler dropped their price target on Carvana from $45.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, February 16th. Robert W. Baird raised their price objective on Carvana from $7.00 to $10.00 in a research note on Friday, May 5th. Finally, Wedbush reiterated an “underperform” rating on shares of Carvana in a report on Friday, February 24th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.05.

Carvana Company Profile

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Carvana Co is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.

Further Reading

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