B. Metzler seel. Sohn & Co. AG Boosts Stock Position in Carvana Co. $CVNA

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Carvana Co. by 639.4%, owning 32,617 shares valued at $6.82 million following the acquisition of an additional 28,206 shares.
• Carvana reported a quarterly earnings per share of $1.28, surpassing analyst estimates, with revenue of $4.84 billion, reflecting a year-over-year growth of 41.9%.
• Analysts have set varying price targets for Carvana, with Royal Bank Of Canada increasing its target to $460 and the average price target now sitting at $383.47.

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 639.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 32,617 shares of the company's stock after purchasing an additional 28,206 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Carvana were worth $6,820,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CVNA. Brooklyn Investment Group boosted its stake in Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company's stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Carvana during the 1st quarter valued at about $33,000. Versant Capital Management Inc boosted its stake in Carvana by 39.4% during 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 during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Carvana during the 1st quarter valued at about $90,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Carvana during the 4th quarter valued at about $98,000. Institutional investors and hedge funds own 56.71% of the company's stock.

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 Friday, June 6th. The stock was sold at an average price of $346.99, for a total value of $34,699,000.00. Following the transaction, the insider owned 37,092,317 shares in the company, valued at approximately $12,870,663,075.83. This represents a 0.27% 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. Insiders sold a total of 2,750,257 shares of company stock valued at $965,696,611 in the last quarter. 17.12% of the stock is currently owned by corporate insiders.

Carvana Stock Performance

Carvana stock traded down $5.42 during trading on Monday, hitting $371.96. The stock had a trading volume of 1,835,939 shares, compared to its average volume of 2,644,905. Carvana Co. has a 1 year low of $124.39 and a 1 year high of $413.33. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51. The stock's 50 day moving average is $346.72 and its two-hundred day moving average is $282.68. The stock has a market cap of $80.05 billion, a price-to-earnings ratio of 93.22, a price-to-earnings-growth ratio of 1.23 and a beta of 3.51.

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

Analyst Ratings Changes

CVNA has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. William Blair reaffirmed an "outperform" rating on shares of Carvana in a report on Wednesday, July 23rd. Oppenheimer raised Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 target price for the company in a report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on Carvana from $350.00 to $415.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC upped their target price on Carvana from $340.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $383.47.

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.