Carvana Co. (NYSE:CVNA) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC raised its position in Carvana Co. (NYSE:CVNA - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,838 shares of the company's stock after buying an additional 860 shares during the period. Private Advisor Group LLC's holdings in Carvana were worth $4,984,000 at the end of the most recent quarter.

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

Carvana Price Performance

Shares of NYSE:CVNA opened at $342.29 on Tuesday. The firm's 50 day moving average price is $324.19 and its 200-day moving average price is $257.82. Carvana Co. has a twelve month low of $118.50 and a twelve month high of $364.00. The company has a quick ratio of 2.70, a current ratio of 3.81 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $73.30 billion, a PE ratio of 120.10, a price-to-earnings-growth ratio of 1.36 and a beta of 3.59.

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, beating analysts' consensus estimates of $0.75 by $0.76. The firm had revenue of $4.23 billion during 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%. Carvana's revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. Equities research analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

CVNA has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Stephens lifted their price target on shares of Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Bank of America increased their target price on shares of Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley raised their price objective on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada lifted their target price on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Carvana currently has a consensus rating of "Moderate Buy" and an average target price of $310.83.

Insider Transactions at Carvana

In other Carvana news, major shareholder Ernest C. Garcia II sold 50,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $341.08, for a total transaction of $17,054,000.00. Following the transaction, the insider directly owned 35,742,792 shares in the company, valued at $12,191,151,495.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernest C. Garcia III sold 10,000 shares of Carvana stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $349.59, for a total value of $3,495,900.00. Following the sale, the chief executive officer directly owned 641,440 shares in the company, valued at approximately $224,241,009.60. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,051,515 shares of company stock worth $678,916,748 in the last ninety days. 16.36% of the stock is owned by corporate insiders.

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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