J.Safra Asset Management Corp Has $709,000 Stake in Carvana Co. (NYSE:CVNA)

J.Safra Asset Management Corp boosted its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 140.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,390 shares of the company's stock after purchasing 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 also recently made changes to their positions in CVNA. Vanguard Group Inc. boosted its holdings in Carvana by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after acquiring an additional 610,234 shares during the last quarter. Durable Capital Partners LP raised its holdings in Carvana by 6.3% in the fourth quarter. Durable Capital Partners LP now owns 2,168,232 shares of the company's stock valued at $440,932,000 after buying an additional 129,246 shares during the period. Geode Capital Management LLC lifted its position in Carvana by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,878,796 shares of the company's stock valued at $381,592,000 after buying an additional 75,250 shares in the last quarter. Whale Rock Capital Management LLC grew its stake in Carvana by 29.8% during the fourth quarter. Whale Rock Capital Management LLC now owns 1,214,679 shares of the company's stock worth $247,017,000 after buying an additional 278,760 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Carvana by 89.8% in the fourth quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock worth $207,086,000 after acquiring an additional 481,912 shares in the last quarter. 56.71% of the stock is owned by hedge funds and other institutional investors.

Carvana Stock Up 1.5%

Shares of CVNA stock traded up $5.12 during trading on Thursday, hitting $348.51. 1,542,889 shares of the company were exchanged, compared to its average volume of 3,860,027. The business's 50-day simple moving average is $301.34 and its 200 day simple moving average is $246.91. Carvana Co. has a twelve month low of $118.50 and a twelve month high of $351.43. The firm has a market capitalization of $74.63 billion, a price-to-earnings ratio of 122.28, a P/E/G ratio of 1.34 and a beta of 3.59. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81.

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

Analyst Ratings Changes

CVNA has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Carvana from $365.00 to $325.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Wall Street Zen lowered Carvana from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Evercore ISI increased their price objective on Carvana from $295.00 to $305.00 and gave the stock an "in-line" rating in a report on Tuesday, June 24th. Wedbush raised shares of Carvana to a "hold" rating in a research note on Thursday, May 8th. Finally, Piper Sandler set a $340.00 price objective on Carvana and gave the company an "overweight" rating in a report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Carvana presently has a consensus rating of "Moderate Buy" and an average target price of $293.88.

Insider Transactions at Carvana

In other news, major shareholder Ernest C. Garcia II sold 50,000 shares of Carvana stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $327.07, for a total transaction of $16,353,500.00. Following the completion of the sale, the insider directly owned 36,737,346 shares in the company, valued at $12,015,683,756.22. The trade was a 0.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Benjamin E. Huston sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $338.02, for a total transaction of $3,380,200.00. Following the transaction, the chief operating officer directly owned 126,855 shares in the company, valued at approximately $42,879,527.10. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,379,861 shares of company stock valued at $434,528,045 in the last three months. 17.12% of the stock is currently owned by insiders.

Carvana Company 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.