Axa S.A. Takes Position in Carvana Co. (NYSE:CVNA)

AXA S.A. bought a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 990 shares of the company's stock, valued at approximately $201,000.

Other institutional investors have also recently bought and sold shares of the company. Allegheny Financial Group acquired a new position in Carvana during the fourth quarter worth $354,000. 3G Capital Partners LP boosted its stake in Carvana by 173.8% in the fourth quarter. 3G Capital Partners LP now owns 35,000 shares of the company's stock worth $7,118,000 after purchasing an additional 22,218 shares in the last quarter. Palestra Capital Management LLC boosted its stake in Carvana by 15.5% in the fourth quarter. Palestra Capital Management LLC now owns 807,016 shares of the company's stock worth $164,115,000 after purchasing an additional 108,203 shares in the last quarter. JAT Capital Mgmt LP increased its stake in shares of Carvana by 13.0% in the 4th quarter. JAT Capital Mgmt LP now owns 86,545 shares of the company's stock valued at $17,600,000 after buying an additional 9,938 shares during the period. Finally, Comerica Bank grew its holdings in shares of Carvana by 6.1% in the 4th quarter. Comerica Bank now owns 2,629 shares of the company's stock valued at $535,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 56.71% of the company's stock.

Analyst Ratings Changes

CVNA has been the topic of a number of research analyst reports. DA Davidson raised their price objective on shares of Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Wedbush upgraded shares of Carvana to a "hold" rating in a report on Thursday, May 8th. Robert W. Baird increased their target price on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. JMP Securities reduced their price objective on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $269.18.

Carvana Stock Up 1.3%

CVNA stock traded up $3.84 during trading on Friday, reaching $301.24. The stock had a trading volume of 1,323,111 shares, compared to its average volume of 3,922,326. Carvana Co. has a one year low of $97.55 and a one year high of $311.88. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The company's 50 day moving average is $218.17 and its two-hundred day moving average is $229.55. The company has a market capitalization of $64.21 billion, a price-to-earnings ratio of 191.87 and a beta of 3.61.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company's revenue for the quarter was up 38.3% on a year-over-year basis. Equities research analysts forecast that Carvana Co. will post 2.85 EPS for the current year.

Insider Activity

In other news, Director J Danforth Quayle sold 11,614 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $304.24, for a total transaction of $3,533,443.36. Following the sale, the director now owns 41,913 shares in the company, valued at approximately $12,751,611.12. This trade represents a 21.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul W. Breaux sold 30,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $298.00, for a total value of $8,940,000.00. Following the completion of the sale, the insider now directly owns 149,114 shares of the company's stock, valued at approximately $44,435,972. This trade represents a 16.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 462,967 shares of company stock worth $106,728,267 in the last three months. Corporate insiders own 16.36% of the company's stock.

Carvana Profile

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.