Siemens Fonds Invest GmbH Makes New $839,000 Investment in Carvana Co. (NYSE:CVNA)

Siemens Fonds Invest GmbH acquired a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,127 shares of the company's stock, valued at approximately $839,000.

Several other institutional investors have also recently modified their holdings of the stock. Quent Capital LLC purchased a new stake in Carvana in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC grew its stake in Carvana by 109.9% in the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after acquiring an additional 78 shares during the period. Rialto Wealth Management LLC purchased a new stake in Carvana in the 4th quarter worth approximately $31,000. Venturi Wealth Management LLC grew its stake in shares of Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock valued at $46,000 after buying an additional 99 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of Carvana during the 4th quarter valued at $48,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $178.49, for a total transaction of $8,924,500.00. Following the completion of the sale, the chief operating officer now directly owns 196,278 shares in the company, valued at approximately $35,033,660.22. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ernest C. Garcia III sold 3,086 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $324.54, for a total transaction of $1,001,530.44. Following the sale, the chief executive officer now owns 795,000 shares of the company's stock, valued at $258,009,300. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 702,813 shares of company stock valued at $180,971,479. 17.12% of the stock is owned by corporate insiders.

Carvana Stock Performance

NYSE CVNA traded up $3.83 on Monday, hitting $330.99. The stock had a trading volume of 3,633,793 shares, compared to its average volume of 3,957,033. Carvana Co. has a one year low of $97.55 and a one year high of $332.00. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. The stock has a market cap of $70.88 billion, a price-to-earnings ratio of 210.82 and a beta of 3.61. The company's 50-day moving average is $247.69 and its two-hundred day moving average is $235.72.

Carvana (NYSE:CVNA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.75 by $0.76. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. Carvana's quarterly revenue was up 38.3% on a year-over-year basis. On average, analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CVNA. Stephens restated an "overweight" rating and set a $300.00 target price on shares of Carvana in a report on Monday, March 3rd. Citigroup lifted their target price on shares of Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, May 8th. JMP Securities cut their price objective on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley boosted their price objective on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Robert W. Baird upped their price objective on Carvana from $200.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $275.65.

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.