160 Shares in Carvana Co. (NYSE:CVNA) Purchased by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC purchased a new position in Carvana Co. (NYSE:CVNA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 160 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors have also modified their holdings of CVNA. Transce3nd LLC acquired a new position in shares of Carvana in the fourth quarter worth about $48,000. Versant Capital Management Inc raised its stake in Carvana by 39.4% during the first quarter. Versant Capital Management Inc now owns 290 shares of the company’s stock valued at $61,000 after buying an additional 82 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Carvana during the fourth quarter valued at approximately $75,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Carvana during the fourth quarter valued at approximately $98,000. Finally, Shell Asset Management Co. acquired a new stake in Carvana during the fourth quarter valued at approximately $116,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 70,166 shares of the stock in a transaction 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 transaction, the insider directly owned 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark W. Jenkins sold 51,380 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $326.03, for a total value of $16,751,421.40. Following the sale, the chief financial officer owned 162,079 shares of the company’s stock, valued at $52,842,616.37. This trade represents a 24.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,323,765 shares of company stock valued at $772,833,404. 17.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CVNA has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Carvana from $350.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday. Gordon Haskett assumed coverage on Carvana in a report on Monday, July 14th. They set a “hold” rating and a $329.00 target price for the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $425.00 target price (up from $390.00) on shares of Carvana in a report on Thursday. Robert W. Baird upped their target price on Carvana from $200.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Finally, DA Davidson upped their target price on Carvana from $260.00 to $380.00 and gave the company a “neutral” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $357.37.

Carvana Stock Performance

Shares of NYSE CVNA opened at $390.34 on Friday. The stock has a fifty day moving average price of $332.32 and a two-hundred day moving average price of $266.23. 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 firm has a market cap of $83.59 billion, a P/E ratio of 97.83, a PEG ratio of 1.26 and a beta of 3.59. Carvana Co. has a 1 year low of $118.50 and a 1 year high of $413.34.

Carvana (NYSE:CVNA) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.54 billion. Carvana had a return on equity of 49.19% and a net margin of 3.46%. The firm’s quarterly revenue was up 41.9% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. Research analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

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.