Vontobel Holding Ltd. Takes Position in Carvana Co. (NYSE:CVNA)

Vontobel Holding Ltd. purchased a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,762 shares of the company's stock, valued at approximately $1,623,000.

Other large investors also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in Carvana in the fourth quarter valued at approximately $31,000. Transce3nd LLC acquired a new position in shares of Carvana during the 4th quarter valued at $48,000. Versant Capital Management Inc boosted its position in Carvana by 39.4% during the 1st quarter. Versant Capital Management Inc now owns 290 shares of the company's stock worth $61,000 after purchasing an additional 82 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Carvana in the 4th quarter valued at $75,000. Finally, EverSource Wealth Advisors LLC raised its position in Carvana by 21.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock valued at $87,000 after purchasing an additional 74 shares during the period. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CVNA has been the topic of several analyst reports. Piper Sandler set a $340.00 target price on Carvana and gave the company an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen raised shares of Carvana from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC reaffirmed a "buy" rating and set a $340.00 price target on shares of Carvana in a research note on Thursday, May 8th. Citigroup reissued an "outperform" rating on shares of Carvana in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on Carvana from $200.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $293.88.

Insider Transactions at Carvana

In related news, COO Benjamin E. Huston sold 50,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $150.90, for a total transaction of $7,545,000.00. Following the completion of the transaction, the chief operating officer owned 123,803 shares of the company's stock, valued at $18,681,872.70. This trade represents a 28.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $346.99, for a total transaction of $34,699,000.00. Following the completion of the sale, the insider directly owned 37,092,317 shares of the company's stock, valued at $12,870,663,075.83. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,379,861 shares of company stock valued at $434,528,045 in the last quarter. Company insiders own 17.12% of the company's stock.

Carvana Stock Performance

Shares of NYSE:CVNA traded up $5.12 during trading hours on Friday, hitting $348.51. The stock had a trading volume of 1,542,889 shares, compared to its average volume of 3,860,027. 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's fifty day simple moving average is $305.85 and its 200 day simple moving average is $248.20. The firm has a market capitalization of $74.63 billion, a price-to-earnings ratio of 122.28, a PEG ratio of 1.36 and a beta of 3.59. Carvana Co. has a 1-year low of $118.50 and a 1-year high of $351.43.

Carvana (NYSE:CVNA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.76. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. Carvana had a return on equity of 44.86% and a net margin of 2.68%. The company's quarterly revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. Sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

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.