Huntleigh Advisors Inc. Has $1.43 Million Stock Position in Carvana Co. $CVNA

Huntleigh Advisors Inc. grew its stake in Carvana Co. (NYSE:CVNA) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,228 shares of the company’s stock after buying an additional 205 shares during the period. Huntleigh Advisors Inc.’s holdings in Carvana were worth $1,425,000 as of its most recent SEC filing.

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

Insider Activity at Carvana

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $371.30, for a total transaction of $37,130,000.00. Following the transaction, the insider directly owned 35,142,792 shares in the company, valued at $13,048,518,669.60. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $394.16, for a total value of $36,805,084.16. Following the completion of the sale, the insider owned 6,624 shares in the company, valued at approximately $2,610,915.84. This represents a 93.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,678,292 shares of company stock worth $608,812,907 over the last three months. Company insiders own 17.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BTIG Research reissued a “buy” rating and set a $450.00 price objective on shares of Carvana in a research report on Friday. Bank of America boosted their price objective on Carvana from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. JMP Securities boosted their price objective on Carvana from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on Carvana from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group set a $475.00 price objective on Carvana and gave the stock a “buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $407.44.

Carvana Trading Down 3.3%

Shares of CVNA opened at $333.28 on Friday. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $413.33. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $71.72 billion, a price-to-earnings ratio of 83.53, a P/E/G ratio of 1.12 and a beta of 3.55. The stock’s 50-day moving average price is $364.10 and its 200 day moving average price is $319.28.

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 the consensus estimate of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the previous year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. As a group, research analysts predict that Carvana Co. will post 2.85 earnings per share 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.