UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Carvana Co. (NYSE:CVNA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Carvana Co. (NYSE:CVNA - Free Report) by 90.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 415,070 shares of the company's stock after acquiring an additional 196,776 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Carvana worth $84,409,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quent Capital LLC purchased a new position in shares of Carvana in the fourth quarter worth approximately $28,000. Global Retirement Partners LLC raised its position in Carvana by 109.9% in the fourth quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in Carvana in the fourth quarter valued at about $31,000. Venturi Wealth Management LLC lifted its position in Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company's stock worth $46,000 after buying an additional 99 shares in the last quarter. Finally, Transce3nd LLC bought a new position in Carvana in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 56.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CVNA. Morgan Stanley increased their price target on shares of Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. William Blair reaffirmed an "outperform" rating on shares of Carvana in a research report on Thursday, February 20th. Royal Bank of Canada raised their price objective on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Stephens reissued an "overweight" rating and set a $300.00 price objective on shares of Carvana in a report on Monday, March 3rd. Finally, Robert W. Baird lifted their target price on Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Carvana has an average rating of "Moderate Buy" and a consensus price target of $275.65.

Insider Buying and Selling

In related news, insider Daniel J. Gill sold 70,166 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the completion of the sale, the insider now owns 201,087 shares of the company's stock, valued at $56,591,914.41. This trade represents a 25.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernest C. Garcia III sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $308.55, for a total value of $3,085,500.00. Following the completion of the sale, the chief executive officer now directly owns 810,000 shares of the company's stock, valued at $249,925,500. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 630,313 shares of company stock valued at $157,709,272. 17.12% of the stock is owned by insiders.

Carvana Stock Performance

Shares of NYSE:CVNA traded up $2.76 during trading on Friday, reaching $322.41. The stock had a trading volume of 1,008,656 shares, compared to its average volume of 3,940,930. Carvana Co. has a 52 week low of $97.55 and a 52 week high of $325.60. The stock has a fifty day simple moving average of $243.06 and a two-hundred day simple moving average of $234.61. The firm has a market capitalization of $69.04 billion, a price-to-earnings ratio of 206.30 and a beta of 3.61. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82.

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