Huntleigh Advisors Inc. Has $841,000 Stake in Carvana Co. (NYSE:CVNA)

Huntleigh Advisors Inc. lessened its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 47.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,023 shares of the company's stock after selling 3,613 shares during the quarter. Huntleigh Advisors Inc.'s holdings in Carvana were worth $841,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CVNA. Teacher Retirement System of Texas raised its stake in Carvana by 106.1% during the first quarter. Teacher Retirement System of Texas now owns 16,892 shares of the company's stock worth $3,532,000 after acquiring an additional 8,694 shares in the last quarter. Smith Group Asset Management LLC raised its stake in Carvana by 3.6% during the first quarter. Smith Group Asset Management LLC now owns 2,910 shares of the company's stock worth $608,000 after acquiring an additional 100 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Carvana during the first quarter worth $1,623,000. J.Safra Asset Management Corp raised its stake in Carvana by 140.8% during the first quarter. J.Safra Asset Management Corp now owns 3,390 shares of the company's stock worth $709,000 after acquiring an additional 1,982 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Carvana by 3.2% during the first quarter. Amalgamated Bank now owns 6,337 shares of the company's stock worth $1,325,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CVNA shares. Needham & Company LLC restated a "buy" rating and issued a $340.00 target price on shares of Carvana in a research note on Thursday, May 8th. Bank of America raised their target price on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup restated an "outperform" rating on shares of Carvana in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Royal Bank Of Canada raised their target price on Carvana from $320.00 to $340.00 and gave the company an "outperform" 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $293.88.

Carvana Trading Up 1.5%

NYSE CVNA opened at $348.51 on Friday. The firm has a market cap of $74.63 billion, a P/E 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 current ratio of 3.81 and a quick ratio of 2.70. The stock's 50-day moving average is $303.62 and its 200-day moving average is $247.55. Carvana Co. has a one year low of $118.50 and a one year high of $351.43.

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

Insider Transactions at Carvana

In other Carvana news, CFO Mark W. Jenkins sold 12,750 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $338.36, for a total value of $4,314,090.00. Following the sale, the chief financial officer owned 211,020 shares in the company, valued at approximately $71,400,727.20. The trade was a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ernest C. Garcia II sold 50,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $327.07, for a total value of $16,353,500.00. Following the completion of the sale, the insider 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,379,861 shares of company stock worth $434,528,045. 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.

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