LPL Financial LLC increased its holdings in Carvana Co. by 32% during the first quarter, bringing its total shares to 56,441, valued at approximately $11.8 million. Notably, Ernest C. Garcia II, a major shareholder, recently sold a significant number of shares, resulting in a 93.38% decrease in ownership after multiple transactions. Research analysts have issued new price targets for Carvana, with estimates ranging from $329 to $500, indicating a consensus average target price of $379.65 and a majority of ratings classified as 'buy'.\n\nLPL Financial LLC's holdings in Carvana were worth $11,801,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Transce3nd LLC acquired a new position in shares of Carvana during the 4th quarter worth about $48,000. Versant Capital Management Inc lifted its position in shares of Carvana by 39.4% during the 1st quarter. Versant Capital Management Inc now owns 290 shares of the company's stock worth $61,000 after purchasing an additional 82 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Carvana during the 4th quarter worth about $98,000. Shell Asset Management Co. acquired a new position in shares of Carvana during the 4th quarter worth about $116,000. Finally, IFP Advisors Inc increased its stake in Carvana by 16.0% during the first quarter. IFP Advisors Inc now owns 638 shares of the company's stock valued at $133,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 56.71% of the company's stock.\n\nSeveral brokerages recently issued reports on CVNA. Robert W. Baird boosted their price target on Carvana from $200.00 to $275.00 and gave the company a 'neutral' rating in a research note on Thursday, May 8th. Stephens boosted their price target on Carvana from $300.00 to $375.00 and gave the company an 'overweight' rating in a research note on Monday, July 7th. Wedbush upgraded Carvana to a 'hold' rating in a research note on Thursday, May 8th. Needham & Company LLC boosted their price target on Carvana from $340.00 to $500.00 and gave the company a 'buy' rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Carvana currently has a consensus rating of 'Moderate Buy' and a consensus price target of $379.65.\n\nCarvana traded down $9.32 during trading hours on Friday, reaching $348.43. 2,819,174 shares of the company's stock were exchanged, compared to its average volume of 3,227,839. The stock has a market cap of $74.98 billion, a PE ratio of 87.33, a price-to-earnings-growth ratio of 1.15 and a beta of 3.57. Carvana Co. has a one year low of $124.39 and a one year high of $413.33. The firm has a fifty day moving average of $337.34 and a 200-day moving average of $272.07. The company has a current ratio of 4.00, a quick ratio of 2.58 and a debt-to-equity ratio of 2.51.\n\nCarvana last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.54 billion. Carvana had a return on equity of 40.57% and a net margin of 3.46%. Carvana's revenue for the quarter was up 41.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. On average, equities research analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.\n\nIn other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $359.63, for a total value of $35,963,000.00. Following the transaction, the insider directly owned 34,742,792 shares in the company, valued at approximately $12,494,550,286.96. This trade represents a 0.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through. Also, COO sold 10,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.55, for a total value of $3,705,500.00. Following the completion of the transaction, the chief operating officer owned 116,855 shares in the company, valued at $43,300,620.25. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found. Insiders sold 2,913,047 shares of company stock worth $1,004,044,920 over the last 90 days. Company insiders own 17.12% of the company's stock.\n\nCarvana 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.

LPL Financial LLC Raises Stock Holdings in Carvana Co. (NYSE:CVNA)

LPL Financial LLC increased its holdings in Carvana Co. by 32% in the first quarter, bringing its total shares to 56,441, valued at approximately $11.8 million. Ernest C. Garcia II, a major shareholder, sold 100,000 shares at $359.63 per share, resulting in a 0.29% decrease in ownership. Other institutional investors such as Transce3nd LLC, Versant Capital Management Inc, Gordian Capital Singapore Pte Ltd, Shell Asset Management Co., and IFP Advisors Inc. also made notable changes to their positions. Analysts have updated price targets for Carvana, with a consensus average of $379.65 and a majority of 'buy' ratings. Carvana reported strong quarterly earnings, including $1.28 EPS and $4.84 billion in revenue, exceeding estimates. The company has a market cap of $74.98 billion and operates an e-commerce platform for used car sales in the United States.