Yousif Capital Management LLC Acquires 337 Shares of Carvana Co. $CVNA

Yousif Capital Management LLC raised its holdings in shares of Carvana Co. (NYSE:CVNA) by 26.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,603 shares of the company’s stock after purchasing an additional 337 shares during the quarter. Yousif Capital Management LLC’s holdings in Carvana were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CVNA. Warren Street Wealth Advisors LLC lifted its holdings in shares of Carvana by 2.8% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,153 shares of the company’s stock worth $388,000 after acquiring an additional 31 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Carvana by 5.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,223 shares of the company’s stock worth $256,000 after acquiring an additional 60 shares during the last quarter. Commerce Bank lifted its holdings in shares of Carvana by 1.6% in the 1st quarter. Commerce Bank now owns 4,446 shares of the company’s stock worth $930,000 after acquiring an additional 69 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Carvana by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the company’s stock worth $466,000 after acquiring an additional 72 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Carvana in the 2nd quarter worth about $25,000. Institutional investors own 56.71% of the company’s stock.

Carvana Stock Up 4.3%

Shares of Carvana stock opened at $340.80 on Friday. The firm’s 50 day moving average price is $363.65 and its 200-day moving average price is $323.58. 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 52-week low of $148.25 and a 52-week high of $413.33. The company has a market cap of $73.34 billion, a P/E ratio of 85.41, a PEG ratio of 1.05 and a beta of 3.55.

Carvana (NYSE:CVNA) last released its earnings results on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The company 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 last year, the business earned ($0.05) EPS. On average, sell-side analysts predict that Carvana Co. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Carvana news, CFO Mark W. Jenkins sold 12,750 shares of Carvana stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $389.27, for a total transaction of $4,963,192.50. Following the completion of the sale, the chief financial officer directly owned 207,362 shares in the company, valued at approximately $80,719,805.74. The trade was a 5.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Stephen R. Palmer sold 1,000 shares of Carvana stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $390.14, for a total transaction of $390,140.00. Following the sale, the vice president owned 43,513 shares of the company’s stock, valued at approximately $16,976,161.82. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,498,292 shares of company stock worth $547,914,707 over the last ninety days. Company insiders own 17.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CVNA. Piper Sandler raised their target price on shares of Carvana from $340.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Citigroup restated a “buy” rating on shares of Carvana in a report on Thursday, October 9th. 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 note on Friday, July 25th. Gordon Haskett assumed coverage on shares of Carvana in a research note on Monday, July 14th. They issued a “hold” rating and a $329.00 price target on the stock. Finally, JMP Securities raised their price target on shares of Carvana from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 31st. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $419.94.

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.