2,451 Shares in Carvana Co. (NYSE:CVNA) Purchased by Lbp Am Sa

LBP AM SA acquired a new stake in Carvana Co. (NYSE:CVNA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,451 shares of the company's stock, valued at approximately $512,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC lifted its position in Carvana by 4.1% during the first quarter. Yousif Capital Management LLC now owns 1,266 shares of the company's stock worth $265,000 after buying an additional 50 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Carvana by 21.0% in the 4th 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 lifted its holdings in shares of Carvana by 2.1% in the 4th 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 lifted its holdings in shares of Carvana by 39.4% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 56.71% of the company's stock.

Insider Buying and Selling at Carvana

In other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $346.99, for a total transaction of $34,699,000.00. Following the completion of the transaction, the insider directly owned 37,092,317 shares in the company, valued at $12,870,663,075.83. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Gill sold 70,166 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the sale, the insider directly owned 201,087 shares in the company, valued at approximately $56,591,914.41. The trade was a 25.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,636,961 shares of company stock worth $534,537,442 over the last three months. Corporate insiders own 16.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CVNA shares. Morgan Stanley boosted their target price on Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Robert W. Baird upped their price target on Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Stephens upped their price target on Carvana from $300.00 to $375.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Wall Street Zen raised Carvana from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, JPMorgan Chase & Co. cut their price objective on Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $305.00.

Carvana Stock Up 0.2%

Shares of NYSE CVNA traded up $0.83 during mid-day trading on Tuesday, hitting $348.17. The company had a trading volume of 1,867,497 shares, compared to its average volume of 3,800,704. The company has a market capitalization of $74.56 billion, a PE ratio of 122.16, a price-to-earnings-growth ratio of 1.34 and a beta of 3.59. The firm has a 50-day simple moving average of $315.96 and a two-hundred day simple moving average of $252.86. The company has a current ratio of 3.81, a quick ratio of 2.70 and a debt-to-equity ratio of 2.97. Carvana Co. has a one year low of $118.50 and a one year high of $364.00.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 44.86% and a net margin of 2.68%. The company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business's revenue was up 38.3% on a year-over-year basis. On average, equities analysts expect that Carvana Co. will post 2.85 EPS for the current year.

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.