United Advisor Group LLC Makes New $233,000 Investment in Carvana Co. (NYSE:CVNA)

United Advisor Group LLC acquired a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,116 shares of the company's stock, valued at approximately $233,000.

A number of other hedge funds have also bought and sold shares of CVNA. Principal Securities Inc. lifted its stake in shares of Carvana by 50.0% during the 4th quarter. Principal Securities Inc. now owns 366 shares of the company's stock worth $74,000 after acquiring an additional 122 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Carvana by 30.0% during the fourth quarter. Allworth Financial LP now owns 511 shares of the company's stock valued at $104,000 after purchasing an additional 118 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Carvana by 40.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,740 shares of the company's stock worth $964,000 after purchasing an additional 1,374 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Carvana by 79.2% in 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 during the period. Finally, Global Retirement Partners LLC lifted its holdings in Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company's stock valued at $30,000 after buying an additional 78 shares in the last quarter. Institutional investors own 56.71% of the company's stock.

Carvana Stock Performance

CVNA stock traded up $3.23 during midday trading on Tuesday, reaching $323.31. The stock had a trading volume of 2,588,996 shares, compared to its average volume of 3,941,419. The firm has a fifty day simple moving average of $285.11 and a two-hundred day simple moving average of $242.97. Carvana Co. has a 52-week low of $111.55 and a 52-week high of $351.43. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.70 and a current ratio of 3.81. The stock has a market cap of $69.23 billion, a PE ratio of 113.44, a P/E/G ratio of 1.25 and a beta of 3.65.

Carvana (NYSE:CVNA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.76. Carvana had a return on equity of 44.86% and a net margin of 2.68%. 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 company posted $0.23 earnings per share. The company's revenue was up 38.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Carvana Co. will post 2.85 EPS for the current year.

Insider Transactions at Carvana

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $346.99, for a total value of $34,699,000.00. Following the completion of the transaction, the insider now directly owns 37,092,317 shares in the company, valued at $12,870,663,075.83. The trade was a 0.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel J. Gill sold 70,166 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $281.43, for a total transaction of $19,746,817.38. Following the sale, the insider now owns 201,087 shares in the company, valued at approximately $56,591,914.41. This represents a 25.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,285,573 shares of company stock worth $392,493,929 over the last 90 days. 16.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Carvana from $280.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Stephens reaffirmed an "overweight" rating and set a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. Royal Bank Of Canada upped their target price on Carvana from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JMP Securities cut their price target on Carvana from $340.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Bank of America upped their price objective on shares of Carvana from $325.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. 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 price target of $284.18.

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.