Westmount Partners LLC Invests $214,000 in Carvana Co. (NYSE:CVNA)

Westmount Partners LLC purchased a new stake in shares of Carvana Co. (NYSE:CVNA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,025 shares of the company's stock, valued at approximately $214,000.

A number of other hedge funds also recently added to or reduced their stakes in CVNA. Transce3nd LLC purchased a new position in shares of Carvana during the fourth quarter valued at approximately $48,000. Versant Capital Management Inc grew its position in Carvana by 39.4% in 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 bought a new stake in Carvana in the 4th quarter worth approximately $75,000. EverSource Wealth Advisors LLC raised its stake in Carvana by 21.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 426 shares of the company's stock valued at $87,000 after buying an additional 74 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Carvana during the 4th quarter valued at $98,000. 56.71% of the stock is currently owned by hedge funds and other institutional investors.

Carvana Price Performance

NYSE:CVNA traded up $4.18 on Monday, reaching $347.85. 1,954,292 shares of the company's stock traded hands, compared to its average volume of 4,353,841. The stock has a 50-day simple moving average of $315.96 and a 200-day simple moving average of $252.86. Carvana Co. has a 12 month low of $118.50 and a 12 month high of $364.00. The firm has a market cap of $74.49 billion, a PE ratio of 122.05, a P/E/G ratio of 1.34 and a beta of 3.59. The company has a quick ratio of 2.70, a current ratio of 3.81 and a debt-to-equity ratio of 2.97.

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

Insider Activity

In other Carvana news, CEO Ernest C. Garcia III sold 10,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $348.68, for a total value of $3,486,800.00. Following the sale, the chief executive officer owned 671,440 shares in the company, valued at $234,117,699.20. The trade was a 1.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $352.36, for a total transaction of $35,236,000.00. Following the completion of the transaction, the insider directly owned 36,237,346 shares of the company's stock, valued at approximately $12,768,591,236.56. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,626,961 shares of company stock worth $531,064,642 over the last quarter. Insiders own 16.36% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $340.00 price objective on shares of Carvana in a report on Thursday, May 8th. Morgan Stanley boosted their price target on Carvana from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Wells Fargo & Company increased their price objective on shares of Carvana from $290.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Evercore ISI raised their price objective on shares of Carvana from $295.00 to $305.00 and gave the stock an "in-line" rating in a report on Tuesday, June 24th. Finally, Bank of America boosted their target price on shares of Carvana from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $305.00.

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.