Lbp Am Sa Takes Position in Carvana Co. (NYSE:CVNA)

LBP AM SA purchased a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,451 shares of the company's stock, valued at approximately $512,000.

A number of other large investors have also added to or reduced their stakes in the company. Yousif Capital Management LLC grew 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 purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Carvana by 21.0% in the fourth 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 grew its stake in shares of 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 purchasing an additional 77 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Carvana by 39.4% in the first quarter. Versant Capital Management Inc now owns 290 shares of the company's stock worth $61,000 after purchasing an additional 82 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Carvana by 2.3% in the fourth quarter. Cerity Partners LLC now owns 4,314 shares of the company's stock worth $845,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 56.71% of the company's stock.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 7,100 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $350.00, for a total transaction of $2,485,000.00. Following the completion of the sale, the insider directly owned 197,832 shares in the company, valued at approximately $69,241,200. The trade was a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernest C. Garcia III sold 248 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $359.73, for a total transaction of $89,213.04. Following the sale, the chief executive officer owned 676,488 shares of the company's stock, valued at approximately $243,353,028.24. This represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,626,961 shares of company stock worth $531,064,642. Insiders own 17.12% of the company's stock.

Carvana Stock Down 0.6%

NYSE CVNA traded down $2.22 during mid-day trading on Friday, reaching $343.33. The stock had a trading volume of 1,873,600 shares, compared to its average volume of 3,828,148. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $364.00. The stock has a market cap of $73.52 billion, a PE ratio of 120.47, a price-to-earnings-growth ratio of 1.35 and a beta of 3.59. The company has a fifty day moving average price of $315.96 and a 200 day moving average price of $252.46. The company has a debt-to-equity ratio of 2.97, a current ratio of 3.81 and a quick ratio of 2.70.

Carvana (NYSE:CVNA - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $3.94 billion. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The firm's revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. On average, research analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

CVNA has been the topic of a number of research analyst reports. Wall Street Zen upgraded Carvana from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $340.00 price target on shares of Carvana in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their price objective on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Royal Bank Of Canada increased their price objective on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, 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. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Carvana has an average rating of "Moderate Buy" and a consensus target price of $303.59.

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.