Brucke Financial Inc. Has $540,000 Stock Holdings in Carvana Co. $CVNA

Brucke Financial Inc. lessened its position in shares of Carvana Co. (NYSE:CVNA) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,603 shares of the company’s stock after selling 84 shares during the quarter. Brucke Financial Inc.’s holdings in Carvana were worth $540,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CVNA. Price T Rowe Associates Inc. MD lifted its stake in Carvana by 13.9% in 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 buying an additional 1,823,218 shares during the period. Vanguard Group Inc. lifted its stake in Carvana by 9.7% in the first quarter. Vanguard Group Inc. now owns 12,534,843 shares of the company’s stock valued at $2,620,785,000 after buying an additional 1,109,476 shares during the period. Alyeska Investment Group L.P. acquired a new position in Carvana in the first quarter valued at about $71,856,000. Contour Asset Management LLC lifted its stake in Carvana by 71.4% in the first quarter. Contour Asset Management LLC now owns 643,114 shares of the company’s stock valued at $134,462,000 after buying an additional 267,994 shares during the period. Finally, National Pension Service acquired a new position in Carvana in the first quarter valued at about $39,090,000. Institutional investors and hedge funds own 56.71% of the company’s stock.

Carvana Stock Down 8.2%

Shares of Carvana stock opened at $330.58 on Friday. The business’s 50 day simple moving average is $365.17 and its 200 day simple moving average is $314.56. Carvana Co. has a 52-week low of $148.25 and a 52-week high of $413.33. The firm has a market cap of $71.14 billion, a PE ratio of 82.85, a P/E/G ratio of 1.18 and a beta of 3.55. The company has a debt-to-equity ratio of 2.51, a quick ratio of 2.58 and a current ratio of 4.00.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, July 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. Carvana had a return on equity of 40.57% and a net margin of 3.46%.The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm earned ($0.05) EPS. Carvana’s revenue for the quarter was up 41.9% compared to the same quarter last year. On average, analysts predict that Carvana Co. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CVNA. Wells Fargo & Company increased their target price on Carvana from $390.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price target on Carvana from $400.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Bank of America increased their price target on Carvana from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. JMP Securities increased their price target on Carvana from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carvana in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $407.44.

Insider Buying and Selling at Carvana

In other Carvana news, insider Daniel J. Gill sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $398.91, for a total value of $31,912,800.00. Following the completion of the transaction, the insider directly owned 197,832 shares in the company, valued at $78,917,163.12. This trade represents a 28.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ernest C. Garcia II sold 93,376 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were 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 owned 6,624 shares of the company’s stock, valued at approximately $2,610,915.84. This represents a 93.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,996,820 shares of company stock worth $719,703,146 over the last ninety days. 17.12% of the stock is currently owned by corporate insiders.

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.