Universal Beteiligungs und Servicegesellschaft mbH Invests $36.53 Million in Carvana Co. (NYSE:CVNA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 179,615 shares of the company's stock, valued at approximately $36,527,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Carvana at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in Carvana by 37.6% in the 4th quarter. Fifth Third Bancorp now owns 322 shares of the company's stock worth $65,000 after acquiring an additional 88 shares during the last quarter. KBC Group NV boosted its stake in Carvana by 220.5% in the 4th quarter. KBC Group NV now owns 9,186 shares of the company's stock worth $1,868,000 after purchasing an additional 6,320 shares in the last quarter. R Squared Ltd bought a new position in shares of Carvana during the fourth quarter valued at $171,000. Robeco Institutional Asset Management B.V. purchased a new stake in Carvana in the fourth quarter worth approximately $957,000. Finally, Smith Group Asset Management LLC bought a new position in Carvana in the fourth quarter valued at about $571,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

CVNA stock traded up $7.26 on Friday, reaching $326.91. The company's stock had a trading volume of 4,458,631 shares, compared to its average volume of 3,957,415. The company has a market capitalization of $70.01 billion, a P/E ratio of 208.22 and a beta of 3.61. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. Carvana Co. has a 52 week low of $97.55 and a 52 week high of $327.75. The firm has a fifty day moving average of $245.17 and a two-hundred day moving average of $235.17.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results 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 return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter last year, the firm posted $0.23 earnings per share. Carvana's revenue was up 38.3% compared to the same quarter last year. As a group, analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CVNA shares. Royal Bank of Canada increased their price target on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JMP Securities cut their price objective on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley boosted their price objective on Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. DA Davidson increased their price objective on Carvana from $220.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Carvana currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.65.

Insider Transactions at Carvana

In other Carvana news, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the sale, the chief operating officer now directly owns 123,803 shares in the company, valued at approximately $18,681,872.70. This trade represents a 28.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas Taira sold 27,593 shares of Carvana stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the sale, the insider now owns 179,673 shares in the company, valued at $40,431,815.19. The trade was a 13.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 702,813 shares of company stock valued at $180,971,479 in the last three months. 17.12% of the stock is owned by corporate insiders.

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.