Cwm LLC Has $742,000 Stock Holdings in Carvana Co. $CVNA

Cwm LLC increased its position in Carvana Co. (NYSE:CVNA) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,203 shares of the company’s stock after buying an additional 191 shares during the period. Cwm LLC’s holdings in Carvana were worth $742,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CVNA. Price T Rowe Associates Inc. MD lifted its position in Carvana by 13.9% in 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 in the last quarter. Vanguard Group Inc. lifted its position in Carvana by 9.7% in 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 in the last quarter. Alyeska Investment Group L.P. bought a new position in Carvana in the 1st quarter valued at about $71,856,000. Contour Asset Management LLC lifted its position in Carvana by 71.4% in 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 in the last quarter. Finally, National Pension Service bought a new position in Carvana in the 1st quarter valued at about $39,090,000. 56.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carvana

In related news, major shareholder Ernest C. Garcia II sold 93,376 shares of Carvana 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 transaction, the insider directly owned 6,624 shares in the company, valued at approximately $2,610,915.84. The trade was a 93.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ernest C. Garcia II sold 100,000 shares of Carvana stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $371.30, for a total transaction of $37,130,000.00. Following the completion of the transaction, the insider owned 35,142,792 shares of the company’s stock, valued at $13,048,518,669.60. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,558,292 shares of company stock worth $567,999,107. Corporate insiders own 17.12% of the company’s stock.

Analyst Ratings Changes

CVNA has been the topic of several recent research reports. Oppenheimer raised shares of Carvana from a “market perform” rating to an “outperform” rating and set a $450.00 price target on the stock in a research report on Friday, July 25th. Needham & Company LLC raised their price target on shares of Carvana from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of Carvana from $390.00 to $425.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Carvana from $425.00 to $490.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, JMP Securities lifted their target price on shares of Carvana from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $419.94.

Carvana Trading Down 8.0%

Shares of CVNA stock opened at $327.48 on Thursday. The company has a 50 day moving average of $363.70 and a 200-day moving average of $322.39. The company has a quick ratio of 2.58, a current ratio of 4.00 and a debt-to-equity ratio of 2.51. Carvana Co. has a 12-month low of $148.25 and a 12-month high of $413.33. The firm has a market cap of $70.47 billion, a P/E ratio of 82.08, a PEG ratio of 1.16 and a beta of 3.55.

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, topping the consensus estimate of $1.09 by $0.19. Carvana had a net margin of 3.46% and a return on equity of 40.57%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the business posted ($0.05) EPS. Carvana’s quarterly revenue was up 41.9% compared to the same quarter last year. Sell-side analysts anticipate 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.