Banco Santander S.A. Purchases New Position in Carvana Co. (NYSE:CVNA)

Banco Santander S.A. purchased a new stake in Carvana Co. (NYSE:CVNA - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,072 shares of the company's stock, valued at approximately $224,000.

Other hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp raised its holdings in Carvana by 140.8% during the 1st quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company's stock worth $709,000 after buying an additional 1,982 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in Carvana during the 4th quarter worth approximately $51,091,000. Farther Finance Advisors LLC raised its holdings in Carvana by 333.1% during the 1st quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company's stock worth $740,000 after buying an additional 2,678 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Carvana during the 4th quarter worth approximately $36,527,000. Finally, Brucke Financial Inc. bought a new position in shares of Carvana during the 4th quarter worth approximately $415,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Trading Down 1.9%

CVNA stock opened at $360.79 on Tuesday. Carvana Co. has a one year low of $118.50 and a one 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. The stock has a market cap of $77.26 billion, a price-to-earnings ratio of 90.42, a price-to-earnings-growth ratio of 1.25 and a beta of 3.57. The company has a fifty day moving average price of $334.70 and a two-hundred day moving average price of $268.97.

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

Analyst Upgrades and Downgrades

CVNA has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of Carvana from $350.00 to $415.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Bank of America raised their price target on shares of Carvana from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird raised their price target on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Evercore ISI raised their target price on shares of Carvana from $295.00 to $305.00 and gave the company an "in-line" rating in a research note on Tuesday, June 24th. Finally, Oppenheimer raised shares of Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 target price for the company in a research note on Friday, July 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $379.65.

Insider Activity at Carvana

In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of Carvana stock in a transaction on Friday, August 1st. The stock was sold at an average price of $371.30, for a total transaction of $37,130,000.00. Following the completion of the sale, the insider owned 35,142,792 shares of the company's stock, valued at approximately $13,048,518,669.60. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul W. Breaux sold 15,000 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $367.34, for a total value of $5,510,100.00. Following the completion of the transaction, the insider directly owned 113,792 shares of the company's stock, valued at approximately $41,800,353.28. This trade represents a 11.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,767,202 shares of company stock valued at $943,977,196. 16.36% of the stock is currently owned by insiders.

Carvana Company 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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