Robeco Institutional Asset Management B.V. Buys 6,699 Shares of Carvana Co. (NYSE:CVNA)

Robeco Institutional Asset Management B.V. grew its position in shares of Carvana Co. (NYSE:CVNA - Free Report) by 142.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,405 shares of the company's stock after acquiring an additional 6,699 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Carvana were worth $2,385,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in Carvana during the 4th quarter valued at $31,000. Transce3nd LLC acquired a new position in shares of Carvana during the fourth quarter valued at $48,000. Versant Capital Management Inc raised its stake in shares of Carvana by 39.4% during the first quarter. Versant Capital Management Inc now owns 290 shares of the company's stock valued at $61,000 after purchasing an additional 82 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Carvana in the fourth quarter worth about $75,000. Finally, EverSource Wealth Advisors LLC grew its position in 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. Institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

CVNA traded up $5.19 during trading on Wednesday, reaching $343.45. 2,986,469 shares of the company's stock were exchanged, compared to its average volume of 3,857,458. The company has a market capitalization of $73.55 billion, a P/E ratio of 120.51, a PEG ratio of 1.31 and a beta of 3.59. The company has a quick ratio of 2.70, a current ratio of 3.81 and a debt-to-equity ratio of 2.97. The business has a 50 day moving average price of $298.89 and a 200 day moving average price of $246.24. Carvana Co. has a fifty-two week low of $118.50 and a fifty-two week high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.76. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the business earned $0.23 EPS. The firm's revenue was up 38.3% on a year-over-year basis. As a group, analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CVNA has been the subject of a number of research reports. Morgan Stanley increased their price target on Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. 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 note on Thursday, March 27th. Wall Street Zen lowered Carvana from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Evercore ISI upped their price target on shares of Carvana from $295.00 to $305.00 and gave the company an "in-line" rating in a report on Tuesday, June 24th. Finally, Wedbush upgraded shares of Carvana to a "hold" rating in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $293.88.

Insider Activity at Carvana

In other news, CEO Ernest C. Garcia III sold 420 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $335.29, for a total value of $140,821.80. Following the sale, the chief executive officer owned 701,440 shares in the company, valued at approximately $235,185,817.60. The trade was a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ernest C. Garcia II sold 50,000 shares of Carvana stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $327.07, for a total transaction of $16,353,500.00. Following the completion of the transaction, the insider owned 36,737,346 shares of the company's stock, valued at $12,015,683,756.22. This trade represents a 0.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,337,111 shares of company stock worth $420,026,399. Corporate insiders own 16.36% of the company's stock.

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.