Principal Financial Group Inc. Sells 30,221 Shares of Carvana Co. $CVNA

Principal Financial Group Inc. cut its position in shares of Carvana Co. (NYSE:CVNA) by 85.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,283 shares of the company’s stock after selling 30,221 shares during the period. Principal Financial Group Inc.’s holdings in Carvana were worth $1,993,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Carvana by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,764,230 shares of the company’s stock worth $4,301,035,000 after acquiring an additional 229,387 shares in the last quarter. State Street Corp increased its position in Carvana by 15.0% in the second quarter. State Street Corp now owns 2,765,046 shares of the company’s stock worth $931,710,000 after purchasing an additional 361,624 shares during the last quarter. Geode Capital Management LLC raised its stake in Carvana by 11.0% during the second quarter. Geode Capital Management LLC now owns 2,232,179 shares of the company’s stock valued at $750,301,000 after purchasing an additional 221,161 shares in the last quarter. Sands Capital Management LLC raised its stake in Carvana by 1,374.3% during the second quarter. Sands Capital Management LLC now owns 901,227 shares of the company’s stock valued at $303,677,000 after purchasing an additional 840,096 shares in the last quarter. Finally, Norges Bank bought a new position in Carvana during the second quarter valued at $259,468,000. Institutional investors own 56.71% of the company’s stock.

Insider Buying and Selling at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 12,750 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $410.19, for a total value of $5,229,922.50. Following the completion of the sale, the chief financial officer directly owned 202,817 shares of the company’s stock, valued at $83,193,505.23. The trade was a 5.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul W. Breaux sold 1,527 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $475.00, for a total transaction of $725,325.00. Following the transaction, the insider directly owned 69,289 shares in the company, valued at approximately $32,912,275. This trade represents a 2.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 420,351 shares of company stock valued at $179,589,049. 16.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush boosted their target price on shares of Carvana from $400.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. BTIG Research boosted their price objective on Carvana from $450.00 to $535.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Carvana in a research note on Monday, November 17th. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Barclays increased their price target on Carvana from $465.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Nineteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Carvana presently has an average rating of “Moderate Buy” and a consensus price target of $474.27.

Carvana News Roundup

Here are the key news stories impacting Carvana this week:

• Positive Sentiment: Company reports accelerating unit growth and commentary that lending fears are easing — supports revenue trajectory and investor confidence. Carvana Co. (CVNA) Sustains Rapid Unit Growth as Lending Fears Ease
• Positive Sentiment: Analyst and retail coverage highlights Carvana as a long-term growth story based on market share opportunity and unit economics — supports longer-horizon investor demand. Why Carvana (CVNA) is a top growth stock for the long term
• Neutral Sentiment: Q4 earnings previews warn of heightened volatility around the report — expectations and guidance will likely drive short-term swings. Carvana Q4 preview: ‘Buckle up’ for earnings, market expert says ‘things to get highly volatile’
• Neutral Sentiment: Market pieces laying out what to expect from tomorrow’s Q4 print — these previews summarize key metrics investors will watch (unit trends, margins, used-car pricing, and financing availability). Carvana Gears Up to Report Q4 Earnings: What’s in the Cards?
• Negative Sentiment: Pomerantz law firm announces an investor investigation into Carvana — legal risk can increase uncertainty and potential liability. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carvana Co. – CVNA
• Negative Sentiment: Coverage highlights governance and allegation concerns that could weigh on investor sentiment and valuation multiples. Carvana Allegations Put Governance And Growth Story Under The Spotlight
• Negative Sentiment: Shares have recently sold off vs. Wall Street targets (large monthly decline and trading well below analyst targets), reflecting short-term pain and elevated volatility. Carvana (CVNA) Trading 40% Below Wall Street Targets After 25% Monthly Slide

Carvana Price Performance

Shares of CVNA stock opened at $351.01 on Wednesday. The stock has a 50 day moving average price of $430.34 and a 200 day moving average price of $382.24. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $486.89. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05. The firm has a market capitalization of $76.36 billion, a P/E ratio of 80.14 and a beta of 3.57.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.