Carvana Co. $CVNA Shares Bought by Lbp Am Sa

Lbp Am Sa grew its stake in shares of Carvana Co. (NYSE:CVNA) by 23.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,023 shares of the company’s stock after acquiring an additional 572 shares during the period. Lbp Am Sa’s holdings in Carvana were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Carvana by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,950,011 shares of the company’s stock valued at $3,125,749,000 after acquiring an additional 1,823,218 shares during the period. Vanguard Group Inc. lifted its position in shares of Carvana by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock valued at $2,620,785,000 after acquiring an additional 1,109,476 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Carvana by 1.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 692,725 shares of the company’s stock valued at $144,835,000 after acquiring an additional 9,694 shares during the period. Northern Trust Corp lifted its position in shares of Carvana by 5.4% during the 1st quarter. Northern Trust Corp now owns 685,864 shares of the company’s stock valued at $143,400,000 after acquiring an additional 35,168 shares during the period. Finally, Contour Asset Management LLC lifted its position in shares of Carvana by 71.4% during the 1st quarter. Contour Asset Management LLC now owns 643,114 shares of the company’s stock valued at $134,462,000 after acquiring an additional 267,994 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carvana

In other Carvana news, CEO Ernest C. Garcia III sold 3,802 shares of Carvana stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $392.98, for a total value of $1,494,109.96. Following the completion of the sale, the chief executive officer directly owned 376,440 shares of the company’s stock, valued at approximately $147,933,391.20. The trade was a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul W. Breaux sold 15,000 shares of Carvana stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $398.00, for a total transaction of $5,970,000.00. Following the completion of the sale, the insider directly owned 81,716 shares of the company’s stock, valued at $32,522,968. The trade was a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,307,066 shares of company stock worth $827,792,454 in the last three months. 17.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CVNA. Evercore ISI lifted their price target on shares of Carvana from $365.00 to $370.00 and gave the company an “in-line” rating in a research report on Tuesday, August 12th. Oppenheimer upgraded Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price objective for the company in a research report on Friday, July 25th. DA Davidson lifted their price objective on Carvana from $260.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Citigroup restated an “outperform” rating on shares of Carvana in a research report on Thursday, July 31st. Finally, Gordon Haskett initiated coverage on Carvana in a research report on Monday, July 14th. They set a “hold” rating and a $329.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Carvana currently has an average rating of “Moderate Buy” and a consensus price target of $404.94.

Carvana Stock Down 0.2%

CVNA stock opened at $394.49 on Friday. The stock has a market capitalization of $84.89 billion, a P/E ratio of 98.87, a PEG ratio of 1.30 and a beta of 3.55. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00. Carvana Co. has a one year low of $148.25 and a one year high of $413.33. The company has a 50 day moving average price of $363.74 and a two-hundred day moving average price of $307.57.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.09 by $0.19. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Carvana had a net margin of 3.46% and a return on equity of 40.57%. Carvana’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. As a group, sell-side analysts expect that Carvana Co. will post 2.85 EPS for the current 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.