Carvana Co. (NYSE:CVNA) Stock Holdings Boosted by J.Safra Asset Management Corp

J.Safra Asset Management Corp lifted its position in Carvana Co. (NYSE:CVNA - Free Report) by 140.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,390 shares of the company's stock after buying an additional 1,982 shares during the period. J.Safra Asset Management Corp's holdings in Carvana were worth $709,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CVNA. Yousif Capital Management LLC raised its position in Carvana by 4.1% in the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock worth $265,000 after acquiring an additional 50 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Carvana by 3.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock worth $313,000 after purchasing an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Carvana by 21.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock worth $87,000 after purchasing an additional 74 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Carvana by 2.1% in the 4th quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock worth $752,000 after purchasing an additional 77 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Carvana by 109.9% during the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 56.71% of the company's stock.

Insider Buying and Selling

In related news, CEO Ernest C. Garcia III sold 10,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $325.11, for a total value of $3,251,100.00. Following the transaction, the chief executive officer now directly owns 716,440 shares in the company, valued at approximately $232,921,808.40. This trade represents a 1.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark W. Jenkins sold 43,433 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $209.27, for a total transaction of $9,089,223.91. Following the transaction, the chief financial officer now directly owns 214,678 shares of the company's stock, valued at approximately $44,925,665.06. This represents a 16.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,310,544 shares of company stock worth $406,383,249. 16.36% of the stock is currently owned by insiders.

Carvana Trading Up 4.4%

Shares of NYSE:CVNA opened at $319.87 on Monday. The company has a current ratio of 3.81, a quick ratio of 2.70 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $68.50 billion, a PE ratio of 112.24, a P/E/G ratio of 1.24 and a beta of 3.65. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $351.43. The firm has a fifty day moving average price of $293.50 and a 200 day moving average price of $244.97.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. The company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The business's quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Analysts expect that Carvana Co. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

CVNA has been the topic of several recent research reports. Bank of America lifted their price target on shares of Carvana from $325.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. JMP Securities decreased their target price on Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 9th. Wedbush raised Carvana to a "hold" rating in a research report on Thursday, May 8th. Royal Bank Of Canada upped their target price on Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their price target on Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $284.18.

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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