Deutsche Bank AG Has $58.64 Million Stock Position in Carvana Co. (NYSE:CVNA)

Deutsche Bank AG boosted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 543.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,343 shares of the company's stock after purchasing an additional 243,553 shares during the quarter. Deutsche Bank AG owned 0.14% of Carvana worth $58,637,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Carvana during the fourth quarter valued at about $179,364,000. Vanguard Group Inc. increased its stake in Carvana by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after acquiring an additional 610,234 shares during the period. Castle Hook Partners LP acquired a new position in Carvana in the 4th quarter valued at approximately $116,020,000. BNP Paribas Financial Markets lifted its position in shares of Carvana by 89.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock worth $207,086,000 after acquiring an additional 481,912 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Carvana in the 4th quarter worth approximately $86,636,000. 56.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Carvana

In other news, CFO Mark W. Jenkins sold 20,000 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $275.68, for a total transaction of $5,513,600.00. Following the completion of the sale, the chief financial officer now owns 199,962 shares in the company, valued at $55,125,524.16. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel J. Gill sold 70,166 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $281.43, for a total value of $19,746,817.38. Following the completion of the transaction, the insider now owns 201,087 shares in the company, valued at approximately $56,591,914.41. This represents a 25.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 441,353 shares of company stock worth $99,768,424. Insiders own 17.12% of the company's stock.

Analyst Ratings Changes

CVNA has been the topic of a number of recent research reports. JMP Securities decreased their price target on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler lifted their target price on shares of Carvana from $225.00 to $230.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Robert W. Baird increased their price target on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. William Blair restated an "outperform" rating on shares of Carvana in a research note on Thursday, February 20th. Finally, DA Davidson upped their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Carvana presently has an average rating of "Moderate Buy" and a consensus price target of $268.59.

Carvana Stock Up 4.2%

Shares of NYSE:CVNA opened at $279.44 on Tuesday. 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 firm has a market cap of $59.57 billion, a P/E ratio of 177.99 and a beta of 3.61. Carvana Co. has a 12 month low of $97.55 and a 12 month high of $293.62. The company's 50-day moving average price is $211.21 and its two-hundred day moving average price is $227.94.

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

Carvana Company 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.

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