Siemens Fonds Invest GmbH Takes Position in Carvana Co. (NYSE:CVNA)

Siemens Fonds Invest GmbH purchased a new position in Carvana Co. (NYSE:CVNA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,127 shares of the company's stock, valued at approximately $839,000.

Other large investors also recently bought and sold shares of the company. Avanza Fonder AB acquired a new position in shares of Carvana during the 4th quarter worth about $2,373,000. Atomi Financial Group Inc. raised its holdings in shares of Carvana by 9.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,805 shares of the company's stock valued at $367,000 after acquiring an additional 151 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Carvana by 0.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,817 shares of the company's stock valued at $5,657,000 after acquiring an additional 86 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Carvana by 1,471.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 330 shares of the company's stock valued at $67,000 after acquiring an additional 309 shares in the last quarter. Finally, Donoghue Forlines LLC acquired a new stake in shares of Carvana in the fourth quarter worth approximately $1,731,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CVNA. Wedbush raised Carvana to a "hold" rating in a research note on Thursday, May 8th. JMP Securities reduced their target price on shares of Carvana from $340.00 to $275.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Carvana from $365.00 to $325.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Robert W. Baird raised their price target on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley upped their price objective on shares of Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Carvana has a consensus rating of "Moderate Buy" and a consensus price target of $269.18.

Carvana Stock Performance

NYSE CVNA opened at $299.68 on Friday. The stock has a fifty day simple moving average of $220.71 and a 200-day simple moving average of $230.33. The company has a current ratio of 3.64, a quick ratio of 2.12 and a debt-to-equity ratio of 3.82. The stock has a market cap of $63.88 billion, a PE ratio of 190.88 and a beta of 3.61. Carvana Co. has a twelve month low of $97.55 and a twelve month high of $311.88.

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

Insider Buying and Selling at Carvana

In other Carvana news, insider Ryan S. Keeton sold 13,137 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $300.00, for a total value of $3,941,100.00. Following the completion of the transaction, the insider now owns 148,402 shares of the company's stock, valued at $44,520,600. This trade represents a 8.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark W. Jenkins sold 28,422 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $288.85, for a total transaction of $8,209,694.70. Following the completion of the transaction, the chief financial officer now owns 219,962 shares of the company's stock, valued at approximately $63,536,023.70. This trade represents a 11.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 618,735 shares of company stock valued at $153,823,367 over the last quarter. 16.36% of the stock is owned by company insiders.

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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