Banque Cantonale Vaudoise Acquires 2,884 Shares of Carvana Co. $CVNA

Banque Cantonale Vaudoise boosted its holdings in Carvana Co. (NYSE:CVNA) by 139.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,950 shares of the company’s stock after buying an additional 2,884 shares during the period. Banque Cantonale Vaudoise’s holdings in Carvana were worth $1,868,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CVNA. Royal Bank of Canada raised its holdings in Carvana by 40.8% in the 1st quarter. Royal Bank of Canada now owns 29,867 shares of the company’s stock valued at $6,243,000 after acquiring an additional 8,654 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Carvana by 251.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock worth $53,000 after purchasing an additional 181 shares in the last quarter. Savant Capital LLC increased its position in shares of Carvana by 4.3% during the second quarter. Savant Capital LLC now owns 2,906 shares of the company’s stock valued at $979,000 after purchasing an additional 121 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in shares of Carvana in the second quarter valued at $583,000. Finally, Metis Global Partners LLC raised its stake in shares of Carvana by 32.9% in the second quarter. Metis Global Partners LLC now owns 2,721 shares of the company’s stock valued at $917,000 after purchasing an additional 673 shares in the last quarter. 56.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CVNA shares. Argus raised shares of Carvana to a “strong-buy” rating in a report on Tuesday, March 3rd. Needham & Company LLC reissued a “buy” rating and issued a $500.00 price target on shares of Carvana in a research report on Thursday, February 19th. BTIG Research cut their price target on shares of Carvana from $535.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company decreased their price objective on Carvana from $525.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Wedbush lowered their price objective on Carvana from $500.00 to $425.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $440.59.

Carvana Price Performance

CVNA opened at $309.49 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.31 and a quick ratio of 2.73. The stock has a market capitalization of $67.73 billion, a P/E ratio of 38.49 and a beta of 3.60. The company’s 50 day simple moving average is $392.86 and its 200-day simple moving average is $379.72. Carvana Co. has a one year low of $148.25 and a one year high of $486.89.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $3.12. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.24 billion. Carvana had a return on equity of 50.96% and a net margin of 6.92%.The company’s revenue was up 58.0% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Sell-side analysts anticipate that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Carvana news, insider Daniel J. Gill sold 40,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $475.24, for a total value of $19,009,600.00. Following the completion of the transaction, the insider directly owned 191,106 shares of the company’s stock, valued at approximately $90,821,215.44. The trade was a 17.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Danforth Quayle sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $309.97, for a total value of $898,913.00. Following the completion of the transaction, the director owned 41,913 shares of the company’s stock, valued at $12,991,772.61. This represents a 6.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 125,101 shares of company stock worth $55,448,660 over the last ninety days. Insiders own 17.12% of the company’s stock.

Carvana Company Profile

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.