American Century Companies Inc. Increases Stock Holdings in Carvana Co. $CVNA

American Century Companies Inc. raised its holdings in Carvana Co. (NYSE:CVNA) by 1,746.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 336,285 shares of the company’s stock after buying an additional 318,068 shares during the quarter. American Century Companies Inc. owned about 0.16% of Carvana worth $113,315,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Carvana by 13.9% during the first 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. grew its position in Carvana by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock worth $2,620,785,000 after purchasing an additional 1,109,476 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Carvana during the 2nd quarter valued at approximately $193,091,000. Alyeska Investment Group L.P. purchased a new position in shares of Carvana in the first quarter worth $71,856,000. Finally, KBC Group NV lifted its stake in shares of Carvana by 1,988.7% during the second quarter. KBC Group NV now owns 323,662 shares of the company’s stock worth $109,061,000 after buying an additional 308,166 shares during the period. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Carvana Trading Up 6.9%

Shares of Carvana stock opened at $331.17 on Tuesday. The firm has a 50-day simple moving average of $346.61 and a two-hundred day simple moving average of $340.77. The company has a market cap of $72.04 billion, a P/E ratio of 75.61, a price-to-earnings-growth ratio of 1.12 and a beta of 3.50. Carvana Co. has a fifty-two week low of $148.25 and a fifty-two week high of $413.33. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.55 and a current ratio of 4.05.

Carvana (NYSE:CVNA) last posted its earnings results on Wednesday, October 29th. The company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.26). Carvana had a net margin of 3.44% and a return on equity of 30.62%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.04 billion. During the same quarter last year, the business earned $0.64 earnings per share. Carvana’s revenue was up 54.5% on a year-over-year basis. As a group, equities analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Carvana in a report on Monday, November 17th. DA Davidson set a $360.00 price target on Carvana in a research note on Thursday, October 30th. Zacks Research cut Carvana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Stephens reaffirmed an “overweight” rating and set a $440.00 target price on shares of Carvana in a report on Tuesday, September 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $460.00 price target on shares of Carvana in a report on Thursday, October 30th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.70.

Insider Buying and Selling

In related news, Director Gregory B. Sullivan sold 2,500 shares of Carvana stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $340.00, for a total value of $850,000.00. Following the sale, the director owned 39,428 shares of the company’s stock, valued at approximately $13,405,520. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Taira sold 952 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $325.00, for a total transaction of $309,400.00. Following the completion of the sale, the insider directly owned 116,507 shares of the company’s stock, valued at approximately $37,864,775. The trade was a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 376,452 shares of company stock valued at $137,402,532 in the last 90 days. Corporate insiders own 16.36% of the company’s stock.

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.