709 Shares in Carvana Co. $CVNA Bought by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp bought a new stake in shares of Carvana Co. (NYSE:CVNA) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 709 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in shares of Carvana by 961.5% during the 1st quarter. Brooklyn Investment Group now owns 138 shares of the company’s stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Carvana in the first quarter worth about $33,000. SJS Investment Consulting Inc. boosted its stake in Carvana by 960.0% during the second quarter. SJS Investment Consulting Inc. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 96 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Carvana by 251.4% during the first quarter. Geneos Wealth Management Inc. now owns 253 shares of the company’s stock valued at $53,000 after buying an additional 181 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Carvana by 39.4% during the 1st quarter. Versant Capital Management Inc now owns 290 shares of the company’s stock valued at $61,000 after buying an additional 82 shares in the last quarter. 56.71% of the stock is currently owned by institutional investors.

Insider Transactions at Carvana

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $352.36, for a total value of $35,236,000.00. Following the completion of the sale, the insider owned 36,237,346 shares in the company, valued at approximately $12,768,591,236.56. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $394.16, for a total value of $36,805,084.16. Following the completion of the transaction, the insider directly owned 6,624 shares in the company, valued at approximately $2,610,915.84. This trade represents a 93.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,307,066 shares of company stock worth $827,792,454. Company insiders own 17.12% of the company’s stock.

Carvana Trading Down 0.2%

Shares of NYSE CVNA opened at $394.49 on Friday. 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 2.51, a quick ratio of 2.58 and a current ratio of 4.00. The company has a market cap of $84.89 billion, a price-to-earnings ratio of 98.87, a PEG ratio of 1.30 and a beta of 3.55. The business’s 50 day moving average price is $363.74 and its 200-day moving average price is $307.57.

Carvana (NYSE:CVNA) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company posted ($0.05) EPS. Carvana’s quarterly revenue was up 41.9% on a year-over-year basis. On average, sell-side analysts expect that Carvana Co. will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVNA. Bank of America upped their price objective on Carvana from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their price target on shares of Carvana from $400.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Stephens reiterated an “overweight” rating and set a $440.00 price objective on shares of Carvana in a research report on Tuesday, September 23rd. Jefferies Financial Group set a $475.00 target price on shares of Carvana in a report on Wednesday. Finally, Citigroup restated an “outperform” rating on shares of Carvana in a research report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $404.94.

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.