1,235 Shares in Carvana Co. $CVNA Purchased by Capital CS Group LLC

Key Points

• Capital CS Group LLC has invested $416,000 in Carvana Co., acquiring 1,235 shares, which constitutes 0.7% of its investment portfolio.
• Carvana reported earnings of $1.28 per share for the last quarter, exceeding estimates, and had quarterly revenue rise by 41.9% year over year to $4.84 billion.
• Recent analyst upgrades have raised Carvana's price targets, with Needham & Company increasing their target from $340 to $500, reflecting strong investor interest.

Capital CS Group LLC purchased a new position in Carvana Co. (NYSE:CVNA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,235 shares of the company's stock, valued at approximately $416,000. Carvana comprises about 0.7% of Capital CS Group LLC's investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also recently made changes to their positions in CVNA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Carvana by 90.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 415,070 shares of the company's stock worth $84,409,000 after acquiring an additional 196,776 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Carvana during the fourth quarter valued at about $3,124,000. Mackenzie Financial Corp bought a new position in Carvana during the fourth quarter valued at about $1,153,000. Brucke Financial Inc. bought a new stake in shares of Carvana in the 4th quarter valued at approximately $415,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Carvana during the 4th quarter worth approximately $36,527,000. Institutional investors own 56.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Needham & Company LLC upped their target price on Carvana from $340.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Evercore ISI upped their target price on shares of Carvana from $365.00 to $370.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 12th. Citigroup reissued an "outperform" rating on shares of Carvana in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on Carvana from $400.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on Carvana from $415.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, September 17th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $384.06.

Carvana Stock Performance

Shares of NYSE CVNA traded down $0.79 during trading on Monday, reaching $391.10. The stock had a trading volume of 1,701,639 shares, compared to its average volume of 2,358,169. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00. The firm's 50 day moving average price is $357.62 and its two-hundred day moving average price is $297.91. The stock has a market cap of $84.16 billion, a PE ratio of 98.02, a P/E/G ratio of 1.28 and a beta of 3.51. Carvana Co. has a one year low of $148.25 and a one year high of $413.33.

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

Insider Buying and Selling

In other Carvana news, CEO Ernest C. Garcia III sold 700 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $394.36, for a total value of $276,052.00. Following the transaction, the chief executive officer directly owned 421,440 shares in the company, valued at $166,199,078.40. This represents a 0.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira J. Platt sold 14,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $379.14, for a total value of $5,307,960.00. Following the transaction, the director owned 7,231 shares in the company, valued at approximately $2,741,561.34. The trade was a 65.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,416,037 shares of company stock worth $857,141,304 in the last ninety days. 16.36% of the stock is owned by insiders.

About Carvana

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.