Mn Services Vermogensbeheer B.V. Invests $15.23 Million in Carvana Co. $CVNA

Key Points

• Mn Services Vermogensbeheer B.V. has invested approximately $15.23 million in Carvana Co. by acquiring 45,200 shares during the second quarter.
• Major shareholder Ernest C. Garcia II sold 100,000 shares for roughly $35.38 million, representing a 0.27% decrease in ownership.
• Analysts have mixed opinions on Carvana, with twelve offering a "Buy" rating, while a recent downgrade from Wall Street Zen changed its rating from "Buy" to "Hold."

Mn Services Vermogensbeheer B.V. bought a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 45,200 shares of the company's stock, valued at approximately $15,231,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its position 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 purchasing an additional 1,982 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Carvana by 333.1% during the 1st quarter. Farther Finance Advisors LLC now owns 3,482 shares of the company's stock worth $740,000 after buying an additional 2,678 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Carvana during the 4th quarter worth about $36,527,000. Brucke Financial Inc. bought a new stake in shares of Carvana during the 4th quarter worth about $415,000. Finally, Berkshire Capital Holdings Inc. boosted its holdings in shares of Carvana by 632,200.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company's stock worth $13,220,000 after buying an additional 63,220 shares during the period. 56.71% of the stock is owned by institutional investors.

Insider Transactions at Carvana

In other news, major shareholder Ernest C. Garcia II sold 100,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $353.76, for a total transaction of $35,376,000.00. Following the completion of the transaction, the insider directly owned 36,437,346 shares in the company, valued at $12,890,075,520.96. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $394.16, for a total transaction of $36,805,084.16. Following the transaction, the insider owned 6,624 shares of the company's stock, valued at approximately $2,610,915.84. The trade was a 93.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,416,037 shares of company stock valued at $856,379,455 over the last 90 days. 17.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CVNA. William Blair restated an "outperform" rating on shares of Carvana in a report on Wednesday, July 23rd. Stephens boosted their price target on Carvana from $300.00 to $375.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Wall Street Zen downgraded Carvana from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Gordon Haskett started coverage on Carvana in a research note on Monday, July 14th. They issued a "hold" rating and a $329.00 price target for the company. Finally, Citigroup reissued an "outperform" rating on shares of Carvana in a research report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $384.06.

Carvana Price Performance

CVNA stock opened at $378.70 on Friday. The company has a fifty day moving average price of $355.77 and a 200-day moving average price of $293.96. The company has a market capitalization of $81.50 billion, a P/E ratio of 94.91, a PEG ratio of 1.25 and a beta of 3.51. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $413.33. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00.

Carvana (NYSE:CVNA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.54 billion. Carvana had a return on equity of 40.57% and a net margin of 3.46%.Carvana's revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. As a group, 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.

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