SG Americas Securities LLC lessened its stake in shares of Carvana Co (NYSE:CVNA) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,760 shares of the company’s stock after selling 169,968 shares during the quarter. SG Americas Securities LLC’s holdings in Carvana were worth $971,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its holdings in Carvana by 17.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 29,247 shares of the company’s stock valued at $560,000 after buying an additional 4,447 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Carvana by 10.8% during the 3rd quarter. Wells Fargo & Company MN now owns 61,623 shares of the company’s stock valued at $905,000 after buying an additional 5,998 shares during the last quarter. Nationwide Fund Advisors acquired a new stake in Carvana during the 2nd quarter valued at $177,000. JPMorgan Chase & Co. grew its holdings in Carvana by 2,272.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,055 shares of the company’s stock valued at $165,000 after buying an additional 10,589 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Carvana during the 3rd quarter valued at $185,000. Hedge funds and other institutional investors own 15.41% of the company’s stock.
Carvana Co (NYSE:CVNA) opened at $21.86 on Friday. Carvana Co has a 52 week low of $8.14 and a 52 week high of $24.89. The firm has a market capitalization of $2,900.00 and a price-to-earnings ratio of -17.08. The company has a current ratio of 1.50, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07.
CVNA has been the topic of a number of analyst reports. Zacks Investment Research cut Carvana from a “buy” rating to a “sell” rating in a report on Thursday, November 2nd. Barrington Research initiated coverage on Carvana in a report on Friday, October 27th. They set a “market perform” rating on the stock. B. Riley reiterated a “sell” rating and set a $12.00 target price on shares of Carvana in a report on Monday, December 4th. Robert W. Baird increased their target price on Carvana from $17.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, December 5th. Finally, ValuEngine cut Carvana from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Carvana has a consensus rating of “Buy” and a consensus price target of $19.88.
In other Carvana news, major shareholder 2014 Fidel Family Trust Dated sold 1,101,624 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $22.65, for a total transaction of $24,951,783.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 21.69% of the company’s stock.
Carvana Co is an e-commerce platform for buying used cars. On the Company’s platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices.
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