National Pension Service Makes New Investment in Carvana Co. $CVNA

Key Points

• The National Pension Service has acquired 186,961 shares of Carvana Co. (NYSE: CVNA), valued at approximately $39,090,000, representing about 0.09% of the company.
• Several institutional investors have increased their positions in Carvana, with a total of 56.71% of the company's stock now owned by such entities.
• Carvana's shares have recently seen a rebound, with analysts predicting an average target price of $383.47 amid positive earnings reports and increased ratings from various research firms.

National Pension Service acquired a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 186,961 shares of the company's stock, valued at approximately $39,090,000. National Pension Service owned about 0.09% of Carvana at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in shares of Carvana in the 1st quarter valued at about $33,000. Transce3nd LLC bought a new stake in shares of Carvana in the 4th quarter valued at about $48,000. Versant Capital Management Inc grew its position in shares of Carvana by 39.4% in the 1st quarter. Versant Capital Management Inc now owns 290 shares of the company's stock valued at $61,000 after purchasing an additional 82 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Carvana in the 1st quarter valued at approximately $90,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Carvana in the 4th quarter valued at approximately $98,000. 56.71% of the stock is owned by institutional investors.

Carvana Stock Down 3.5%

NYSE:CVNA traded down $12.02 during trading hours on Wednesday, reaching $332.22. 3,002,220 shares of the stock were exchanged, compared to its average volume of 4,147,158. The stock has a market cap of $71.49 billion, a PE ratio of 83.27, a PEG ratio of 1.19 and a beta of 3.57. The company has a debt-to-equity ratio of 2.51, a current ratio of 4.00 and a quick ratio of 2.58. Carvana Co. has a twelve month low of $124.39 and a twelve month high of $413.33. The firm has a 50 day moving average of $338.49 and a 200 day moving average of $277.14.

Carvana (NYSE:CVNA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.54 billion. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The firm's revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. On average, equities analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

CVNA has been the subject of several research analyst reports. Gordon Haskett initiated coverage on Carvana in a research report on Monday, July 14th. They issued a "hold" rating and a $329.00 price objective for the company. Evercore ISI boosted their price objective on Carvana from $365.00 to $370.00 and gave the company an "in-line" rating in a research report on Tuesday, August 12th. William Blair reiterated an "outperform" rating on shares of Carvana in a research report on Wednesday, July 23rd. Oppenheimer upgraded Carvana from a "market perform" rating to an "outperform" rating and set a $450.00 price objective for the company in a research report on Friday, July 25th. Finally, Wall Street Zen lowered Carvana from a "buy" rating to a "hold" rating in a research report on Saturday. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Carvana currently has an average rating of "Moderate Buy" and an average price target of $383.47.

Insiders Place Their Bets

In other Carvana news, major shareholder Ernest C. Garcia II sold 100,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $346.99, for a total transaction of $34,699,000.00. Following the transaction, the insider owned 37,092,317 shares in the company, valued at $12,870,663,075.83. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 3,036,140 shares of company stock worth $1,056,693,071. 16.36% of the stock is owned by company 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.