Polianta Ltd Purchases 400 Shares of Carvana Co. (NYSE:CVNA)

Polianta Ltd grew its stake in shares of Carvana Co. (NYSE:CVNA) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,500 shares of the company’s stock after buying an additional 400 shares during the quarter. Polianta Ltd’s holdings in Carvana were worth $1,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quent Capital LLC purchased a new stake in shares of Carvana during the 4th quarter valued at $28,000. Global Retirement Partners LLC raised its position in shares of Carvana by 109.9% during the 4th quarter. Global Retirement Partners LLC now owns 149 shares of the company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of Carvana during the 4th quarter valued at $31,000. Venturi Wealth Management LLC raised its position in shares of Carvana by 79.2% during the 4th quarter. Venturi Wealth Management LLC now owns 224 shares of the company’s stock valued at $46,000 after buying an additional 99 shares in the last quarter. Finally, Transce3nd LLC purchased a new stake in shares of Carvana during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 56.71% of the company’s stock.

Insider Activity

In related news, major shareholder Ernest C. Garcia II sold 100,000 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $346.99, for a total transaction of $34,699,000.00. Following the sale, the insider now owns 37,092,317 shares of the company’s stock, valued at $12,870,663,075.83. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas Taira sold 27,593 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the sale, the insider now directly owns 179,673 shares in the company, valued at $40,431,815.19. The trade was a 13.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,271,046 shares of company stock valued at $379,975,633. Corporate insiders own 17.12% of the company’s stock.

Carvana Price Performance

Shares of Carvana stock opened at $318.88 on Friday. The company’s fifty day simple moving average is $270.50 and its two-hundred day simple moving average is $240.77. The firm has a market cap of $68.29 billion, a PE ratio of 203.11 and a beta of 3.65. The company has a quick ratio of 2.12, a current ratio of 3.64 and a debt-to-equity ratio of 3.82. Carvana Co. has a 12-month low of $100.05 and a 12-month high of $351.43.

Carvana (NYSE:CVNA) last announced its earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, equities analysts expect that Carvana Co. will post 2.85 EPS for the current year.

Analysts Set New Price Targets

CVNA has been the topic of several research reports. William Blair restated an “outperform” rating on shares of Carvana in a research report on Thursday, February 20th. DA Davidson lifted their target price on shares of Carvana from $220.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Stephens reiterated an “overweight” rating and issued a $300.00 target price on shares of Carvana in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price on shares of Carvana from $365.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, Robert W. Baird lifted their target price on shares of Carvana from $200.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.35.

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.