1,170 Shares in Carvana Co. $CVNA Bought by American Trust

American Trust purchased a new stake in Carvana Co. (NYSE:CVNA) during the second quarter, according to its most recent filing with the SEC. The fund purchased 1,170 shares of the company’s stock, valued at approximately $394,000.

Other hedge funds have also bought and sold shares of the company. Hilltop National Bank purchased a new position in shares of Carvana during the second quarter valued at about $25,000. Brooklyn Investment Group boosted its stake in Carvana by 961.5% during the first quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after buying an additional 125 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Carvana by 960.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 96 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Carvana in the 2nd quarter worth approximately $38,000. Finally, LRI Investments LLC bought a new stake in Carvana in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Buying and Selling at Carvana

In other Carvana news, COO Benjamin E. Huston sold 20,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $475.00, for a total value of $9,500,000.00. Following the completion of the sale, the chief operating officer directly owned 100,758 shares in the company, valued at approximately $47,860,050. This represents a 16.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul W. Breaux sold 1,527 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $475.00, for a total value of $725,325.00. Following the transaction, the insider owned 69,289 shares in the company, valued at approximately $32,912,275. This represents a 2.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 614,332 shares of company stock worth $247,844,442 over the last quarter. Insiders own 17.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CVNA shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Carvana in a report on Friday, November 21st. They issued a “buy” rating and a $395.00 target price for the company. DA Davidson set a $360.00 target price on shares of Carvana in a report on Thursday, October 30th. Bank of America upped their target price on shares of Carvana from $385.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Wedbush upgraded Carvana from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $380.00 to $400.00 in a research report on Monday, November 24th. Finally, Citigroup boosted their price objective on Carvana from $445.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday. Nineteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $441.55.

Carvana Trading Down 1.4%

Shares of CVNA opened at $449.28 on Tuesday. The firm has a market capitalization of $97.74 billion, a price-to-earnings ratio of 102.58, a PEG ratio of 1.65 and a beta of 3.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.05 and a quick ratio of 2.55. Carvana Co. has a 1-year low of $148.25 and a 1-year high of $485.33. The company has a 50-day moving average of $355.42 and a 200 day moving average of $352.32.

Carvana (NYSE:CVNA) last issued 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). The company had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Carvana had a return on equity of 30.62% and a net margin of 3.44%.The business’s revenue was up 54.5% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. On average, research analysts expect that Carvana Co. will post 2.85 EPS for the current year.

About Carvana

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.