Carvana Co. $CVNA Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Carvana Co. (NYSE:CVNA) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,964 shares of the company’s stock after acquiring an additional 3,070 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Carvana were worth $12,455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVNA. Los Angeles Capital Management LLC increased its position in shares of Carvana by 1,950.7% during the second quarter. Los Angeles Capital Management LLC now owns 111,190 shares of the company’s stock valued at $37,467,000 after acquiring an additional 105,768 shares during the last quarter. Berkshire Capital Holdings Inc. boosted its position in shares of Carvana by 632,200.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 63,230 shares of the company’s stock worth $13,220,000 after purchasing an additional 63,220 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Carvana by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 490,874 shares of the company’s stock worth $102,632,000 after purchasing an additional 27,912 shares during the period. Alberta Investment Management Corp increased its holdings in Carvana by 15.0% in the 1st quarter. Alberta Investment Management Corp now owns 19,900 shares of the company’s stock valued at $4,161,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Carvana by 9.7% in the first quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock valued at $2,620,785,000 after purchasing an additional 1,109,476 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Activity at Carvana

In other news, insider Paul W. Breaux sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $375.00, for a total value of $5,625,000.00. Following the sale, the insider directly owned 83,018 shares in the company, valued at approximately $31,131,750. This trade represents a 15.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Jenkins sold 12,750 shares of Carvana stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $364.42, for a total transaction of $4,646,355.00. Following the sale, the chief financial officer directly owned 208,581 shares of the company’s stock, valued at approximately $76,011,088.02. This trade represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 396,452 shares of company stock worth $144,553,806 over the last ninety days. 17.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CVNA. Jefferies Financial Group restated a “buy” rating on shares of Carvana in a research report on Thursday, October 30th. William Blair reissued an “outperform” rating on shares of Carvana in a research note on Wednesday, July 23rd. JMP Securities lifted their target price on Carvana from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Carvana in a research note on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $500.00 price objective on shares of Carvana in a research note on Monday. Fifteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Carvana has an average rating of “Moderate Buy” and a consensus price target of $414.16.

Carvana Price Performance

Shares of NYSE CVNA opened at $329.40 on Thursday. The stock’s 50-day moving average is $349.13 and its two-hundred day moving average is $339.14. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. The company has a market cap of $71.66 billion, a price-to-earnings ratio of 75.21, a price-to-earnings-growth ratio of 1.15 and a beta of 3.50. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $413.33.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Analysts forecast that Carvana Co. will post 2.85 EPS for the current fiscal year.

Carvana 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.