Integrated Advisors Network LLC Takes Position in Carvana Co. (NYSE:CVNA)

Integrated Advisors Network LLC acquired a new position in Carvana Co. (NYSE:CVNA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,696 shares of the company's stock, valued at approximately $773,000.

Other institutional investors have also recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in shares of 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 during the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of Carvana by 3.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,541 shares of the company's stock valued at $313,000 after buying 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 valued at $87,000 after buying an additional 74 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in Carvana by 2.1% in the fourth quarter. Great Lakes Advisors LLC now owns 3,698 shares of the company's stock worth $752,000 after buying an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after buying an additional 78 shares during the last quarter. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Carvana Stock Performance

Shares of NYSE:CVNA traded down $22.24 during midday trading on Friday, hitting $296.71. The company's stock had a trading volume of 6,604,157 shares, compared to its average volume of 3,935,991. The stock has a market capitalization of $63.54 billion, a price-to-earnings ratio of 188.99 and a beta of 3.65. The stock's 50 day simple moving average is $272.91 and its 200 day simple moving average is $240.95. Carvana Co. has a fifty-two week low of $100.05 and a fifty-two week high of $351.43. The company has a debt-to-equity ratio of 3.82, a quick ratio of 2.12 and a current ratio of 3.64.

Carvana (NYSE:CVNA - Get Free Report) last released its 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. Carvana had a return on equity of 36.59% and a net margin of 1.54%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the business earned $0.23 earnings per share. The firm's revenue for the quarter was up 38.3% compared to the same quarter last year. As a group, research analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current year.

Analysts Set New Price Targets

CVNA has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Carvana from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $340.00 price target on shares of Carvana in a research note on Thursday, May 8th. DA Davidson increased their price objective on Carvana from $220.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Bank of America raised their price objective on Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. decreased their target price on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Carvana currently has an average rating of "Moderate Buy" and an average price target of $280.35.

Insider Buying and Selling

In other Carvana news, major shareholder Ernest C. Garcia II sold 50,000 shares of Carvana stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $325.16, for a total transaction of $16,258,000.00. Following the sale, the insider now directly owns 37,342,317 shares of the company's stock, valued at approximately $12,142,227,795.72. The trade was a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory B. Sullivan sold 5,000 shares of Carvana stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $332.23, for a total value of $1,661,150.00. Following the sale, the director now directly owns 44,428 shares in the company, valued at $14,760,314.44. The trade was a 10.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,336,046 shares of company stock valued at $401,789,783 over the last three months. 17.12% of the stock is owned by corporate insiders.

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.