Polianta Ltd Invests $1.68 Million in Carvana Co. $CVNA

Polianta Ltd purchased a new position in shares of Carvana Co. (NYSE:CVNA) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 25,500 shares of the company’s stock, valued at approximately $1,678,000.

A number of other large investors also recently bought and sold shares of CVNA. First Horizon Corp grew its position in Carvana by 6.4% in the 4th quarter. First Horizon Corp now owns 418 shares of the company’s stock valued at $176,000 after acquiring an additional 25 shares during the last quarter. Finivi Inc. lifted its position in shares of Carvana by 4.6% during the fourth quarter. Finivi Inc. now owns 698 shares of the company’s stock worth $295,000 after purchasing an additional 31 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Carvana by 1.0% during the fourth quarter. HB Wealth Management LLC now owns 3,190 shares of the company’s stock worth $1,346,000 after purchasing an additional 31 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Carvana by 1.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,846 shares of the company’s stock valued at $622,000 after purchasing an additional 31 shares during the period. Finally, Insigneo Advisory Services LLC boosted its stake in shares of Carvana by 4.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 696 shares of the company’s stock valued at $294,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Transactions at Carvana

In related news, Director Ira J. Platt sold 15,000 shares of Carvana stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $67.83, for a total transaction of $1,017,450.00. Following the transaction, the director directly owned 186,470 shares of the company’s stock, valued at $12,648,260.10. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Benjamin E. Huston sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $64.50, for a total transaction of $3,225,000.00. Following the completion of the transaction, the chief operating officer directly owned 535,709 shares of the company’s stock, valued at $34,553,230.50. This trade represents a 8.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 391,372 shares of company stock worth $26,555,789. Insiders own 15.19% of the company’s stock.

Analyst Ratings Changes

CVNA has been the topic of several recent analyst reports. Robert W. Baird set a $72.00 price target on shares of Carvana in a research note on Thursday, July 30th. Bank of America boosted their price objective on shares of Carvana from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $80.00 target price on shares of Carvana in a research note on Friday, July 31st. UBS Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Carvana in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of Carvana from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Carvana Stock Performance

CVNA stock opened at $70.83 on Friday. Carvana Co. has a 1-year low of $54.46 and a 1-year high of $97.38. The business has a 50-day moving average price of $66.55 and a 200 day moving average price of $69.82. The company has a market capitalization of $77.95 billion, a P/E ratio of 39.18, a PEG ratio of 2.62 and a beta of 3.46. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.93 and a quick ratio of 2.33.

Carvana (NYSE:CVNA) last issued its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Carvana had a net margin of 6.26% and a return on equity of 37.06%. The firm’s quarterly revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 EPS. As a group, equities research analysts forecast that Carvana Co. will post 1.65 EPS for the current fiscal year.

About Carvana

Carvana Co is an online-only retailer of used vehicles that operates a consumer-facing e-commerce platform for buying and selling cars. The company markets and sells inspected, reconditioned pre-owned vehicles through its website, where shoppers can browse inventory, view detailed 360-degree photos and vehicle history reports, finance purchases, and arrange delivery or pickup. Carvana’s model is built around a digital end-to-end car buying experience that aims to simplify vehicle transactions compared with traditional dealerships.

Its products and services include direct retail sales of used cars, trade-in and purchase offers for consumer vehicles, vehicle financing and related protection products, and a seven-day return policy that allows customers to test a vehicle in everyday use.