6,926 Shares in Carvana Co. $CVNA Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 6,926 shares of Carvana Co. valued at approximately $1.45 million in the first quarter.
• Carvana recently reported a 41.9% increase in quarterly revenue year-over-year, earning $1.28 EPS, which exceeds analysts' expectations of $1.09.
• Major shareholder Ernest C. Garcia II sold a total of 193,376 shares in July, decreasing his ownership to approximately $12.89 billion in shares.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,926 shares of the company's stock, valued at approximately $1,448,000.

Several other hedge funds and other institutional investors have also modified their holdings of CVNA. Price T Rowe Associates Inc. MD boosted its holdings in shares of Carvana by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company's stock worth $3,125,749,000 after buying an additional 1,823,218 shares during the period. Vanguard Group Inc. boosted its holdings in Carvana by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company's stock valued at $2,620,785,000 after purchasing an additional 1,109,476 shares during the period. Alyeska Investment Group L.P. bought a new stake in Carvana in the 1st quarter valued at about $71,856,000. Whale Rock Capital Management LLC boosted its holdings in Carvana by 29.8% in the 4th quarter. Whale Rock Capital Management LLC now owns 1,214,679 shares of the company's stock valued at $247,017,000 after purchasing an additional 278,760 shares during the period. Finally, Contour Asset Management LLC boosted its holdings in Carvana by 71.4% in the 1st quarter. Contour Asset Management LLC now owns 643,114 shares of the company's stock valued at $134,462,000 after purchasing an additional 267,994 shares during the period. Institutional investors own 56.71% of the company's stock.

Carvana Price Performance

CVNA stock opened at $361.66 on Friday. The company has a 50 day simple moving average of $354.06 and a 200 day simple moving average of $290.39. The stock has a market cap of $77.83 billion, a price-to-earnings ratio of 90.64, a P/E/G ratio of 1.17 and a beta of 3.51. Carvana Co. has a 1 year low of $140.23 and a 1 year high of $413.33. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.54 billion. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The firm's quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. Research analysts anticipate that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $353.76, for a total transaction of $35,376,000.00. Following the completion of the transaction, the insider directly owned 36,437,346 shares in the company, valued at $12,890,075,520.96. This represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $394.16, for a total transaction of $36,805,084.16. Following the transaction, the insider owned 6,624 shares of the company's stock, valued at approximately $2,610,915.84. This represents a 93.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,423,157 shares of company stock valued at $856,602,667. 17.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CVNA. William Blair reissued an "outperform" rating on shares of Carvana in a report on Wednesday, July 23rd. Citigroup reissued an "outperform" rating on shares of Carvana in a report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Carvana from $400.00 to $460.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Oppenheimer raised shares of Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 price target for the company in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Carvana from $350.00 to $415.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $383.47.

About Carvana

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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