Resources Investment Advisors LLC. Has $31,000 Position in Carvana Co (NYSE:CVNA)

Resources Investment Advisors LLC. grew its position in Carvana Co (NYSE:CVNA) by 150.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 500 shares of the company’s stock after purchasing an additional 300 shares during the period. Resources Investment Advisors LLC.’s holdings in Carvana were worth $31,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Aperio Group LLC acquired a new stake in Carvana in the second quarter valued at $75,000. FNY Investment Advisers LLC grew its position in Carvana by 12,800.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,290 shares of the company’s stock valued at $80,000 after acquiring an additional 1,280 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in Carvana in the second quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Carvana in the second quarter worth $158,000. Finally, Cambria Investment Management L.P. bought a new stake in shares of Carvana during the first quarter worth $167,000. Institutional investors own 37.05% of the company’s stock.

In other Carvana news, insider Ryan S. Keeton sold 28,930 shares of Carvana stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $71.18, for a total transaction of $2,059,237.40. Following the transaction, the insider now directly owns 45,547 shares of the company’s stock, valued at $3,242,035.46. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul W. Breaux sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $62.72, for a total transaction of $627,200.00. Following the sale, the insider now owns 10,628 shares of the company’s stock, valued at $666,588.16. The disclosure for this sale can be found here. Insiders sold 189,861 shares of company stock worth $14,527,351 in the last quarter. 13.02% of the stock is owned by insiders.

Several brokerages have recently commented on CVNA. Zacks Investment Research lowered Carvana from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. JMP Securities lifted their price objective on Carvana from $64.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. ValuEngine downgraded shares of Carvana from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets upped their price objective on shares of Carvana from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, Bank of America reaffirmed a “buy” rating and set a $86.00 price objective (up previously from $82.00) on shares of Carvana in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $73.64.

Shares of NYSE CVNA traded up $0.49 during trading on Wednesday, hitting $78.00. 491,108 shares of the company were exchanged, compared to its average volume of 1,445,422. The company has a fifty day moving average price of $74.70 and a 200-day moving average price of $64.26. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.40 and a current ratio of 3.83. The firm has a market capitalization of $11.79 billion, a PE ratio of -45.08 and a beta of 2.24. Carvana Co has a 12-month low of $28.44 and a 12-month high of $85.07.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.01). The firm had revenue of $986.22 million during the quarter, compared to analysts’ expectations of $914.50 million. Carvana had a negative net margin of 3.49% and a negative return on equity of 30.55%. The company’s revenue for the quarter was up 107.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.37) EPS. Research analysts anticipate that Carvana Co will post -1.82 earnings per share for the current fiscal 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 proprietary 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.

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Institutional Ownership by Quarter for Carvana (NYSE:CVNA)

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