Carvana Co. (NYSE:CVNA) Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased their stake in Carvana Co. by 8.7%, owning a total of 44,791 shares valued at approximately $9.37 million as of the latest SEC filing.
• Analysts have rated Carvana stock positively, with thirteen analysts giving it a buy rating and the stock having a consensus price target of $379.65.
• Carvana reported strong earnings with an EPS of $1.28 for the recent quarter, exceeding expectations and reflecting a year-over-year revenue increase of 41.9%.

Blair William & Co. IL lifted its position in Carvana Co. (NYSE:CVNA - Free Report) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,791 shares of the company's stock after purchasing an additional 3,588 shares during the quarter. Blair William & Co. IL's holdings in Carvana were worth $9,365,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CVNA. N.E.W. Advisory Services LLC acquired a new stake in shares of Carvana in the first quarter valued at approximately $33,000. Transce3nd LLC acquired a new position in shares of Carvana in the 4th quarter valued at $48,000. Versant Capital Management Inc raised its position in Carvana by 39.4% in 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. Aster Capital Management DIFC Ltd purchased a new stake in Carvana in the 4th quarter valued at $75,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Carvana in the 4th quarter valued at $98,000. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insiders Place Their Bets

In other Carvana news, CFO Mark W. Jenkins sold 12,750 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $371.20, for a total value of $4,732,800.00. Following the transaction, the chief financial officer directly owned 191,020 shares in the company, valued at approximately $70,906,624. This represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of Carvana stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $360.20, for a total transaction of $36,020,000.00. Following the sale, the insider owned 34,942,792 shares of the company's stock, valued at approximately $12,586,393,678.40. This trade represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,813,047 shares of company stock valued at $968,081,920. Insiders own 17.12% of the company's stock.

Wall Street Analyst Weigh In

CVNA has been the subject of several research reports. Wall Street Zen upgraded shares of Carvana from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Stephens upped their price objective on Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Morgan Stanley lifted their target price on Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Bank of America upped their price target on Carvana from $375.00 to $425.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Carvana from $350.00 to $415.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $379.65.

Carvana Price Performance

Shares of CVNA stock traded down $9.32 during midday trading on Friday, reaching $348.43. 2,819,174 shares of the company traded hands, compared to its average volume of 3,227,839. The firm has a market cap of $74.98 billion, a PE ratio of 89.66, a price-to-earnings-growth ratio of 1.18 and a beta of 3.57. 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 firm's 50 day simple moving average is $336.91 and its two-hundred day simple moving average is $271.00. Carvana Co. has a 1-year low of $124.39 and a 1-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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.54 billion. Carvana had a return on equity of 40.57% and a net margin of 3.46%. Carvana's revenue was up 41.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. On average, equities research analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.