Achmea Investment Management B.V. Boosts Stock Position in Carvana Co. (NYSE:CVNA)

Achmea Investment Management B.V. raised its holdings in Carvana Co. (NYSE:CVNA - Free Report) by 108.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,507 shares of the company's stock after purchasing an additional 39,258 shares during the quarter. Achmea Investment Management B.V.'s holdings in Carvana were worth $15,787,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Global Retirement Partners LLC boosted its holdings in shares of Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of Carvana in the 4th quarter valued at $31,000. Transce3nd LLC acquired a new stake in shares of Carvana in the 4th quarter valued at $48,000. Versant Capital Management Inc boosted its holdings in shares of Carvana by 39.4% in the 1st quarter. Versant Capital Management Inc now owns 290 shares of the company's stock valued at $61,000 after purchasing an additional 82 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Carvana in the 4th quarter valued at $75,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Insider Activity at Carvana

In related news, CFO Mark W. Jenkins sold 43,433 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $209.27, for a total value of $9,089,223.91. Following the transaction, the chief financial officer now owns 214,678 shares in the company, valued at approximately $44,925,665.06. This represents a 16.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Benjamin E. Huston sold 20,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $350.62, for a total value of $7,012,400.00. Following the completion of the transaction, the chief operating officer now owns 138,074 shares in the company, valued at approximately $48,411,505.88. The trade was a 12.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,360,544 shares of company stock valued at $416,749,249 in the last three months. Corporate insiders own 17.12% of the company's stock.

Carvana Trading Up 4.4%

Shares of NYSE:CVNA traded up $13.39 during midday trading on Friday, reaching $319.87. The company's stock had a trading volume of 7,936,045 shares, compared to its average volume of 3,862,041. The firm has a market capitalization of $68.50 billion, a price-to-earnings ratio of 112.24, a PEG ratio of 1.24 and a beta of 3.65. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81. The firm has a 50 day moving average price of $293.50 and a two-hundred day moving average price of $244.99. Carvana Co. has a fifty-two week low of $118.50 and a fifty-two week high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the company posted $0.23 EPS. The firm's revenue was up 38.3% compared to the same quarter last year. As a group, analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CVNA. JMP Securities reduced their target price on Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 9th. Stephens restated an "overweight" rating and set a $300.00 price objective on shares of Carvana in a research report on Monday, March 3rd. Wedbush upgraded Carvana to a "hold" rating in a research report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $340.00 price objective on shares of Carvana in a research report on Thursday, May 8th. Finally, Wells Fargo & Company boosted their price objective on Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $284.18.

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.