Imprint Wealth LLC Invests $481,000 in Carvana Co. (NYSE:CVNA)

Imprint Wealth LLC purchased a new position in Carvana Co. (NYSE:CVNA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,091 shares of the company’s stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CVNA. US Bancorp DE increased its holdings in Carvana by 248.0% during the 1st quarter. US Bancorp DE now owns 1,646 shares of the company’s stock worth $197,000 after purchasing an additional 1,173 shares during the period. MetLife Investment Management LLC purchased a new position in Carvana during the 1st quarter worth $603,000. Panagora Asset Management Inc. increased its holdings in Carvana by 86.7% during the 1st quarter. Panagora Asset Management Inc. now owns 3,022 shares of the company’s stock worth $360,000 after purchasing an additional 1,403 shares during the period. Great West Life Assurance Co. Can increased its holdings in Carvana by 2.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 69,919 shares of the company’s stock worth $8,842,000 after purchasing an additional 1,636 shares during the period. Finally, Aviva PLC boosted its position in Carvana by 62.5% during the 1st quarter. Aviva PLC now owns 41,710 shares of the company’s stock valued at $4,976,000 after acquiring an additional 16,037 shares in the last quarter. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Stock Performance

CVNA stock traded down $0.09 during midday trading on Tuesday, reaching $69.74. The stock had a trading volume of 2,063,018 shares, compared to its average volume of 6,217,319. The stock has a market cap of $14.08 billion, a PE ratio of 128.08 and a beta of 3.32. The firm has a fifty day simple moving average of $73.60 and a two-hundred day simple moving average of $51.66. Carvana Co. has a 52-week low of $6.70 and a 52-week high of $94.04.

Carvana (NYSE:CVNA) last issued its earnings results on Thursday, February 22nd. The company reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.05). The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.56 billion. Carvana’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the business earned ($0.97) EPS. On average, sell-side analysts predict that Carvana Co. will post -3.4 EPS for the current fiscal year.

Insider Buying and Selling at Carvana

In other Carvana news, VP Stephen R. Palmer sold 5,000 shares of Carvana stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $86.75, for a total transaction of $433,750.00. Following the completion of the transaction, the vice president now owns 62,514 shares in the company, valued at approximately $5,423,089.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Carvana news, VP Stephen R. Palmer sold 5,000 shares of Carvana stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $86.75, for a total transaction of $433,750.00. Following the completion of the transaction, the vice president now owns 62,514 shares in the company, valued at approximately $5,423,089.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark W. Jenkins sold 55,000 shares of Carvana stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $86.76, for a total value of $4,771,800.00. Following the completion of the transaction, the chief financial officer now owns 178,156 shares of the company’s stock, valued at approximately $15,456,814.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,883 shares of company stock worth $15,505,178. Insiders own 17.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CVNA. Wedbush increased their target price on Carvana from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. William Blair raised Carvana from a “market perform” rating to an “outperform” rating in a research report on Friday, February 23rd. Morgan Stanley increased their target price on Carvana from $32.00 to $45.00 and gave the company an “underweight” rating in a research report on Monday, February 26th. Evercore ISI dropped their target price on Carvana from $78.00 to $77.00 and set an “in-line” rating on the stock in a research report on Tuesday. Finally, JMP Securities increased their target price on Carvana from $60.00 to $80.00 and gave the company a “market outperform” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.53.

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.