Brucke Financial Inc. Invests $415,000 in Carvana Co. (NYSE:CVNA)

Brucke Financial Inc. acquired a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,041 shares of the company's stock, valued at approximately $415,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Carvana in the fourth quarter worth $28,000. Global Retirement Partners LLC boosted its stake in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Carvana during the 4th quarter valued at about $31,000. Venturi Wealth Management LLC raised its stake in shares of Carvana by 79.2% in the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock valued at $46,000 after acquiring an additional 99 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Carvana in the 4th quarter worth approximately $48,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Trading Up 2.3%

NYSE:CVNA traded up $7.26 on Friday, hitting $326.91. 4,458,631 shares of the stock were exchanged, compared to its average volume of 3,957,415. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64. Carvana Co. has a 52 week low of $97.55 and a 52 week high of $327.75. The stock has a market capitalization of $70.01 billion, a price-to-earnings ratio of 208.22 and a beta of 3.61. The company's 50-day moving average price is $245.17 and its 200 day moving average price is $235.17.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. Carvana's revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities research analysts forecast that Carvana Co. will post 2.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Daniel J. Gill sold 32,500 shares of Carvana stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $320.00, for a total value of $10,400,000.00. Following the completion of the transaction, the insider now owns 201,087 shares of the company's stock, valued at $64,347,840. This trade represents a 13.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ernest C. Garcia III sold 3,086 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $324.54, for a total value of $1,001,530.44. Following the transaction, the chief executive officer now directly owns 795,000 shares in the company, valued at approximately $258,009,300. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 702,813 shares of company stock worth $180,971,479. Corporate insiders own 17.12% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Carvana from $250.00 to $240.00 and set an "in-line" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. JMP Securities dropped their price objective on Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird increased their target price on Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, William Blair reaffirmed an "outperform" rating on shares of Carvana in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Carvana currently has an average rating of "Moderate Buy" and a consensus target price of $275.65.

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.