TFC Financial Management Inc. Has $412,000 Holdings in Carvana Co. (NYSE:CVNA)

TFC Financial Management Inc. lessened its stake in Carvana Co. (NYSE:CVNA) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,026 shares of the company’s stock after selling 75 shares during the period. TFC Financial Management Inc.’s holdings in Carvana were worth $412,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CVNA. FMR LLC raised its position in Carvana by 90.8% in the 3rd quarter. FMR LLC now owns 12,361,790 shares of the company’s stock worth $2,152,311,000 after purchasing an additional 5,882,656 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in Carvana in the 3rd quarter worth approximately $162,953,000. Lord Abbett & CO. LLC raised its position in Carvana by 1,454.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 538,473 shares of the company’s stock worth $93,754,000 after purchasing an additional 503,824 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Carvana in the 3rd quarter worth approximately $50,531,000. Finally, Holocene Advisors LP raised its position in Carvana by 108.2% in the 3rd quarter. Holocene Advisors LP now owns 554,112 shares of the company’s stock worth $96,476,000 after purchasing an additional 287,983 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In other news, insider Daniel J. Gill sold 44,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $259.47, for a total transaction of $11,416,680.00. Following the completion of the transaction, the insider now owns 191,225 shares of the company’s stock, valued at approximately $49,617,150.75. The trade was a 18.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul W. Breaux sold 1,362 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $270.08, for a total value of $367,848.96. Following the transaction, the insider now directly owns 153,240 shares of the company’s stock, valued at $41,387,059.20. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,207 shares of company stock worth $31,110,504 in the last three months. Insiders own 17.12% of the company’s stock.

Carvana Price Performance

Shares of NYSE CVNA opened at $267.97 on Thursday. The firm has a market cap of $55.64 billion, a PE ratio of 26,823.82 and a beta of 3.37. The company has a current ratio of 3.25, a quick ratio of 2.12 and a debt-to-equity ratio of 18.99. Carvana Co. has a 1-year low of $48.15 and a 1-year high of $272.96. The company has a fifty day moving average price of $231.41 and a 200 day moving average price of $201.73.

Analysts Set New Price Targets

CVNA has been the subject of several research analyst reports. Royal Bank of Canada upgraded shares of Carvana from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $270.00 to $280.00 in a research report on Tuesday, January 7th. Stephens reiterated an “overweight” rating and set a $300.00 target price on shares of Carvana in a research report on Thursday, February 6th. Jefferies Financial Group upped their target price on shares of Carvana from $150.00 to $185.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Carvana in a research report on Thursday, February 6th. Finally, Evercore ISI upped their target price on shares of Carvana from $240.00 to $245.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Carvana has a consensus rating of “Moderate Buy” and an average price target of $249.29.

About Carvana

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.