Asset Management One Co. Ltd. Has $8.75 Million Holdings in Carvana Co. (NYSE:CVNA)

Asset Management One Co. Ltd. raised its position in Carvana Co. (NYSE:CVNA - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,860 shares of the company's stock after buying an additional 2,421 shares during the period. Asset Management One Co. Ltd.'s holdings in Carvana were worth $8,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVNA. Praxis Investment Management Inc. boosted its stake in Carvana by 56.0% in the first quarter. Praxis Investment Management Inc. now owns 4,400 shares of the company's stock worth $920,000 after purchasing an additional 1,580 shares in the last quarter. United Advisor Group LLC acquired a new position in Carvana during the 1st quarter worth about $233,000. Chicago Capital LLC lifted its position in Carvana by 30.1% during the 1st quarter. Chicago Capital LLC now owns 7,948 shares of the company's stock worth $1,662,000 after buying an additional 1,839 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Carvana during the 1st quarter worth about $204,000. Finally, Polianta Ltd lifted its position in shares of Carvana by 7.8% during the first quarter. Polianta Ltd now owns 5,500 shares of the company's stock worth $1,149,000 after purchasing an additional 400 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CVNA shares. Royal Bank Of Canada upped their target price on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Stephens reaffirmed an "overweight" rating and set a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Piper Sandler set a $340.00 price target on Carvana and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Morgan Stanley upped their price target on Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Finally, Citigroup upped their price target on Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $284.18.

Insiders Place Their Bets

In other Carvana news, COO Benjamin E. Huston sold 20,000 shares of Carvana 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 transaction, the chief operating officer now owns 138,074 shares of the company's stock, valued at approximately $48,411,505.88. The trade was a 12.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernest C. Garcia III sold 10,000 shares of Carvana stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $303.97, for a total transaction of $3,039,700.00. Following the completion of the transaction, the chief executive officer now directly owns 845,000 shares in the company, valued at approximately $256,854,650. The trade was a 1.17% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,360,544 shares of company stock worth $416,749,249. Corporate insiders own 17.12% of the company's stock.

Carvana Trading Up 4.4%

CVNA opened at $319.87 on Friday. The firm's fifty day moving average is $293.50 and its two-hundred day moving average is $245.03. 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 market cap of $68.50 billion, a PE ratio of 112.24, a price-to-earnings-growth ratio of 1.19 and a beta of 3.65. Carvana Co. has a twelve month low of $118.50 and a twelve month high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 2.68% and a return on equity of 44.86%. The business's revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. Equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

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.

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