Carvana Co. (NYSE:CVNA) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 333.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,482 shares of the company's stock after acquiring an additional 2,678 shares during the period. Farther Finance Advisors LLC's holdings in Carvana were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVNA. Quent Capital LLC bought a new stake in Carvana during the fourth quarter worth approximately $28,000. Global Retirement Partners LLC increased its position in shares of Carvana by 109.9% during the 4th 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. Rialto Wealth Management LLC purchased a new stake in Carvana during the 4th quarter valued at $31,000. Venturi Wealth Management LLC raised its holdings in Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock valued at $46,000 after buying an additional 99 shares during the period. Finally, Transce3nd LLC bought a new stake in Carvana in the fourth quarter worth $48,000. 56.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Carvana news, CEO Ernest C. Garcia III sold 10,000 shares of Carvana stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $303.97, for a total value of $3,039,700.00. Following the transaction, the chief executive officer now owns 845,000 shares in the company, valued at $256,854,650. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Benjamin E. Huston sold 20,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $350.62, for a total transaction of $7,012,400.00. Following the completion of the transaction, the chief operating officer now owns 138,074 shares of the company's stock, valued at $48,411,505.88. This represents a 12.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,343,166 shares of company stock valued at $403,944,081 over the last 90 days. Corporate insiders own 16.36% of the company's stock.

Carvana Trading Up 1.2%

CVNA traded up $3.56 during trading on Tuesday, hitting $293.61. 3,387,456 shares of the stock were exchanged, compared to its average volume of 3,940,562. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81. The firm has a 50 day simple moving average of $276.67 and a 200 day simple moving average of $241.43. The firm has a market cap of $62.87 billion, a price-to-earnings ratio of 103.02, a P/E/G ratio of 1.15 and a beta of 3.65. Carvana Co. has a 1 year low of $106.32 and a 1 year high of $351.43.

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

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $340.00 price objective on shares of Carvana in a research report on Thursday, May 8th. Citigroup upped their price target on shares of Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada increased their price objective on shares of Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. DA Davidson boosted their target price on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company upped their target price on Carvana from $290.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $283.59.

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.