United Advisor Group LLC Takes Position in Carvana Co. (NYSE:CVNA)

United Advisor Group LLC bought a new position in shares of Carvana Co. (NYSE:CVNA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 1,116 shares of the company's stock, valued at approximately $233,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Carvana during the fourth quarter worth about $179,364,000. Vanguard Group Inc. lifted its stake in Carvana by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company's stock valued at $2,323,463,000 after acquiring an additional 610,234 shares in the last quarter. Castle Hook Partners LP acquired a new position in Carvana during the 4th quarter worth approximately $116,020,000. BNP Paribas Financial Markets boosted its position in Carvana by 89.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company's stock worth $207,086,000 after acquiring an additional 481,912 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Carvana during the 4th quarter worth approximately $86,636,000. Institutional investors own 56.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CVNA shares. Piper Sandler set a $340.00 price objective on shares of Carvana and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Robert W. Baird boosted their price target on shares of Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Citigroup raised their price objective on Carvana from $280.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Morgan Stanley lifted their target price on Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Finally, Evercore ISI increased their price target on Carvana from $290.00 to $295.00 and gave the company an "in-line" rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $283.59.

Carvana Stock Performance

NYSE CVNA traded up $13.15 on Friday, reaching $321.06. The stock had a trading volume of 5,266,626 shares, compared to its average volume of 3,951,983. The company has a debt-to-equity ratio of 2.97, a current ratio of 3.81 and a quick ratio of 2.70. The company has a market cap of $68.75 billion, a P/E ratio of 112.65, a price-to-earnings-growth ratio of 1.25 and a beta of 3.65. The firm has a fifty day moving average of $282.80 and a two-hundred day moving average of $242.58. Carvana Co. has a 1-year low of $111.55 and a 1-year high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. Carvana had a net margin of 2.68% and a return on equity of 44.86%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The business's revenue for the quarter was up 38.3% compared to the same quarter last year. On average, equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Insider Activity at Carvana

In other news, COO Benjamin E. Huston sold 50,000 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.35, for a total transaction of $10,517,500.00. Following the completion of the sale, the chief operating officer now directly owns 146,278 shares in the company, valued at approximately $30,769,577.30. This represents a 25.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel J. Gill sold 70,166 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $281.43, for a total value of $19,746,817.38. Following the completion of the transaction, the insider now directly owns 201,087 shares of the company's stock, valued at approximately $56,591,914.41. This trade represents a 25.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,343,166 shares of company stock worth $403,944,081. Company insiders own 17.12% 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.